Clarification of ‘Absolute Performance Standard’
The absolute performance standard is a benchmark for importance control that is only attainable in theory, such as a goal of zero deficiencies. However, although it is unattainable, it can be a good way to measure how well a business and its hands are doing. The organization can measure how far the business and its processes are falling from the level of perfection the absolute performance standard represents. Optimally, the business inclination slowly move towards the absolute performance standard as it improves its makes. When used in this way, it is a way of measuring an organization’s progress and how effective and economic it is at running its business.
BREAKING DOWN ‘Absolute Performance Standard’
Multitudinous organizations implement different forms of performance standards that standard different aspects. Some companies use “pay for performance” incentive programs based on good for workers who do well in their job. Performance standards should be attainable, distinct, observable, meaningful, measurable and stated in terms of quality, quantity, timeliness or rate.