Answer the following statements true (T) or false (F)

Question

1. The type of appraisal in which employees are evaluated by their managers, peers, and subordinates is called the 360-degree assessment.
2. Every year, 10% of GE's managers are assigned the bottom grade during the annual review cycle, and if they don't improve, they are asked to leave the company. GE uses a forced ranking performance review system.
3. Benefits are additional nonmonetary forms of compensation designed to enrich the lives of all employees in the organization. Common benefits include medical insurance, vacation days, and credit unions, all paid for in whole or in part by the company.
4. The great majority of union workers are in the public sector.
5. Mediation is the process in which a neutral third party, an arbitrator, listens to both parties in a dispute and makes a decision that the parties have agreed will be binding on them.

Answer 1

1. TRUE
In the 360-degree assessment, or 360-degree feedback appraisal, employees are appraised by their managers, peers, subordinates, and sometimes clients, thus providing several perspectives on the employee's performance.
2. TRUE
Every year, 10% of GE's managers are assigned the bottom grade, and if they don't improve, they are asked to leave the company. This is an example of a forced ranking performance review system.
3. TRUE
Benefits are additional nonmonetary forms of compensation designed to enrich the lives of all employees in the organization. Common benefits include medical insurance, vacation days, and credit unions, all paid for in whole or in part by the company.
4. TRUE
In 2015, union membership consisted of 6.7% of private-sector workers and 35.2% of public-sector workers.
5. FALSE
Arbitration is the process in which a neutral third party, an arbitrator, listens to both parties in a dispute and makes a decision that the parties have agreed will be binding on them.