How should performance standards be ideally set? In isolation by the top management By copying industry standards In collaboration with the employee Solely based on past performance
Question
How should performance standards be ideally set? In isolation by the top management By copying industry standards In collaboration with the employee Solely based on past performance
Solution
Performance standards should ideally be set in collaboration with the employee. This approach ensures that the employee has a clear understanding of what is expected and is more likely to be committed to achieving the standards. It also allows for a more realistic and fair assessment of performance, as the employee has been involved in setting the standards. While past performance and industry standards can provide useful benchmarks, they should not be the sole basis for setting performance standards. Top management may also provide input, but it is important that this is not done in isolation, as it may not take into account the specific roles and capabilities of individual employees.
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