Companies Look for a Total of Four Sets of Skills

question 1

True/False

Companies look for a total of four sets of skills in individuals to identify potential managers. These desired skills are technical skills, human skills, conceptual skills, and motivation to manage.

Understand Kelley's attribution theory and its relevance to organizational psychology.

Appreciate the benefits and methodology of administering 360-degree feedback.

Identify the characteristics of effective performance appraisal systems.

Learn how to conduct effective feedback sessions to enhance performance.

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Definitions:

Return on Investment (ROI)

Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment, calculated by dividing the profit of an investment by its cost.

Last Year's

Refers to the figures, statistics, or conditions from the previous calendar year.

Turnover

The rate at which inventory or assets of a business are replaced or sold within a given period.

Year 1

The initial year of a time series or the first year of operation.