What Is Employee Involvement and Why Is It Important? What

question 27

Essay

What is employee involvement and why is it important? What are the two major forms of employee involvement?

---

Definitions:

Earnings Benchmarks

Measures or standards against which the financial performance of an individual or company can be compared or assessed.

Operational Excellence

A philosophy in the workplace where problem-solving, teamwork, and leadership results in ongoing improvement in an organization.

Accounting Appearances

Refers to the presentation of a company's financial information in a manner that may look acceptable on the surface but may not accurately represent the underlying financial reality.

Loan Agreements

Contracts between a borrower and a lender outlining the terms of a loan.