Performance Apprasial

The term reliability means repeatability or consistency. A measure is considered reliable if it would give us the same result over and over again assuming that what we are measuring isn't changing. There are many kinds of validity, but they all refer to whether or not what you are manipulating, or what you are measuring, truly reflects the concept you think it does.

Companies are moving more towards predictive analytics to compete and thrive against other companies. Rather than relying on intuition and previous manual process when pricing products, maintaining inventory or hiring talent, managers are using data, analysis and systematic reasoning to improve efficiency, reduce risk and increase profits.

HR can use data analytics to discover what leadership and management styles are most effective in the organization based on performance. They can then target these attributes in candidates. Data Analytics can be used to find out where to price your product within the marketplace, capturing as much revenue as possible without overpricing yourself. Customer data can be analyzed to understand their customers and how valuable they are to a company. This allows the organization to make sure they are focusing on its most important customers and making sure they build relationships and strategy to retain these customers. Another area of analyze is how a company creates a work environment in which employees are productive is essential to increased profits for an organization's business. Principles of management that dictate how, exactly, to maximize employee productivity center around two major areas of focus: personal motivation and the infrastructure of the work environment; a motivating work environment must be one in which employees are treated fairly and respected; also, setting goals that correspond to the actual work being.