Performance, Promotion, and Firing

The four methods of collecting performance review data: objective production, personnel, judgmental evaluation, and peer or self evaluation.

Organizations derive significant value from empowering employees to help manage their managers.

When a person receives a promotion, they are rewarded for good performance by receiving a higher rank or position in the organization.

Terminations occur in a variety of ways, both voluntary and involuntary, and determine the employee's future relationship with the employer.

When a person retires, they stop working completely or semi-retire by reducing their hours.

An employee leaving one company to join another one is known as attrition.