Effective Performance Management Begins with Defining the Job and Which

question 56

Multiple Choice

Effective performance management begins with defining the job and which of the following?

• A) Clarifying career planning
• B) Identifying promotion decision
• C) Describing the appraisal methods
• D) Defining performance standards
• E) Calculating the related pay scale

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Definitions:

HR Estimates

Approximations or forecasts concerning human resources needs, including staffing levels and budgeting for salaries or training.

Human Capital Flow

The change in the stock of human capital over time. Factors that affect the flow of human capital include terminations, promotions, lateral movements, and demotions.

Human Capital Stock

The collective skills, knowledge, and abilities possessed by an organization's workforce considered as an asset or investment.

Forecasting Envelope

A method used to predict the future range of possible outcomes for various scenarios, often used in planning and budgeting.