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Why does unemployment rise during recessions? I. because of labor reallocation among affected industries in response to real economic shocks II. because wages do not fall as fast as prices, and firms cannot afford to employ as many workers III. because of increases in aggregate demand
Performance Management
The process of ensuring employees meet set objectives, which includes planning, monitoring, and reviewing employee performance.
Contextual Performance
The aspect of an employee's performance that involves interpersonal and organizational skills, supporting the social and psychological environment of the workplace.
Performance Appraisals
A systematic evaluation of an employee's job performance and productivity in relation to pre-determined criteria and objectives.
Strategic Objectives
Specific, measurable goals aligned with an organization's strategic plan, aimed at achieving its long-term vision.
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