| Definition | The percentage of senior management and executives who undergo a formal performance review as part of their performance management process. |
|---|---|
| Calculation | Number of senior management and executives who received a formal performance review divided by the total number of senior management and executives, multiplied by 100. |
| Unit of Measurement | Percent |
| Function | Develop and counsel employees – HR |
| Method of Estimation | Collect data on the number of senior management and executives who received a formal performance review and the total number of senior management and executives within the timeframe. Calculate the percentage using the provided formula. |
| Timeframe | Usually measured on an annual basis. |
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