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Performance rating helps people do their jobs better, identifies training and education needs, assigns people to work they can excel in, and maintains fairness in salaries, benefits, promotion, hiring, and firing. Most workers want to know how they are doing on the job. Workers need performance feedback to work effectively.
Lump of labour fallacy – the misconception that there is a fixed amount of work to be done within an economy, which can be distributed to create more or fewer jobs. [ 42 ] McNamara fallacy (quantitative fallacy) – making an argument using only quantitative observations (measurements, statistical or numerical values) and discounting ...
The total number of people living in extreme absolute poverty globally, by the widely used metric of $1.00/day (in 1990 U.S. dollars) has decreased over the last several decades, but most people surveyed in several countries incorrectly think it has increased or stayed the same. However, this depends on the poverty line calculation used.
“According to research, only 2.5% of people can multitask successfully,” says time management strategist Kelly Nolan. “So there’s a 97.5% chance you, the person reading this, cannot ...
Bullshit Jobs: A Theory is a 2018 book by anthropologist David Graeber that postulates the existence of meaningless jobs and analyzes their societal harm. He contends that over half of societal work is pointless and becomes psychologically destructive when paired with a work ethic that associates work with self-worth. Graeber describes five ...
People have a limited ability to retain information, which worsens when the amount of information increases. For this reason, people alter information to make it more memorable, such as separating a ten-digit phone number into three smaller groups or dividing the alphabet into sets of three to five letters, a phenomenon known as chunking.
National culture is also one of the common barriers of knowledge sharing because culture has a huge effect on how people tend to share knowledge between each other. [41] In some cultures, people share everything, in other cultures people share when asked, and in some cultures, people do not share even if it would help to achieve common goals. [41]
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