Answer to Question #261624 in Microeconomics for Aavez

Question

An employer has dedicated considerable resources to the training of an employee, but after a year, he finds the employee’s performance not up to the mark. He is thinking of letting the employee go but is hesitant because of the cost he has incurred in the training. What will your advice to the employer be?

Answer 1

I will urge the employer to establish precise work achievement standards. To do so, they must begin at the end, with the targets, objectives, or results you wish to attain, and move backwards. An excellent outcome statistic encapsulates a strategic goal. Its purpose is to assist the firm in determining whether or not it is on schedule to meet its objectives.