Most Performance Appraisal Interviews Attempt to Give Feedback to Employees

question 52

True/False

Most performance appraisal interviews attempt to give feedback to employees on how well they are performing their jobs and on planning for their future development.

Acknowledge the importance of employee involvement in quality improvement processes.

Get familiar with international and national quality standards and awards.

Learn about process improvement methodologies like Six Sigma and benchmarking.

Appreciate the role of skills and teamwork in the success of quality improvement efforts.

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Definitions:

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate the economy's inflation rate.

Inflation Rate

The annual percentage increase in the general price level of goods and services, reflecting the rate at which the purchasing power of currency is eroded.

Market Basket

A fixed list of items, used to track the progress of inflation in an economy or to compare costs of living.

CPI

Refers to the Consumer Price Index, a metric that calculates the weighted average price of a selection of consumer items and services including food, medical care, and transportation.