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Performance management has strategic, administrative and developmental purposes.
There are a few approaches to measuring performance. The comparative approach requires the rater to compare an individual?¦s performance with that of others. This approach usually uses some overall assessment of an individual?¦s performance or worth and seeks to develop some ranking of the individuals within a work group. Three techniques fall under the comparative approach: ranking, forced distribution, and paired comparison.
The attribute approach to performance management focuses on the extent to which individuals have certain attributes believed desirable for the company?¦s success...
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