ECONOMICS

Detailed explanation-1: -Superiors can complete informal evaluations of employee performance but should not be responsible for formal evaluations. Supervisors are responsible for the work of each of their employees. When an employee is not performing work correctly, the supervisor should take over to make sure it is done well.

Detailed explanation-2: -Employees and supervisors should both evaluate employee performance during the performance assessment phase. After the performance renewal and recontracting phase, the performance management process is complete. It is very important that the phases of a performance management system all be linked to one another.

Detailed explanation-3: -When supervisors are performing tasks correctly, and they are concerned with the relationship between inputs and outputs, this relationship is called: c. coordinating.

Detailed explanation-4: -Managers are responsible for getting work done through others. We typically describe the key managerial functions as planning, organizing, leading, and controlling.

Detailed explanation-5: -Also known as an annual review, performance review or evaluation, or employee appraisal, a performance appraisal evaluates an employee’s skills, achievements, and growth, or lack thereof.