Examlex
The present value of a future sum decreases as either the discount rate or the number of periods per year increases.
Norm-Referenced Appraisals
Employee evaluation method comparing an individual's performance against that of their peers, rather than on a set of absolute criteria.
Straight-Ranking
A method of performance evaluation where employees are compared to each other and ranked in a simple list format.
Forced Distribution
A performance management system where employee evaluations are distributed along a bell curve, forcing rankings among an employee population.
Performance Feedback
The process where an individual's work performance is assessed and communicated back to them, usually by a supervisor or peer, to improve and develop their professional capabilities.
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