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Employee_'s feedback and reward system
What is the primary purpose of an employee feedback system in a bank?
The primary purpose is to provide employees with information about their performance relative to set standards, enabling them to improve and align their efforts with organisational goals.
What is the difference between positive reinforcement and negative reinforcement in a reward system?
Positive adds desirable stimulus; negative removes undesirable stimulus.
What is a 360-degree feedback system?
A 360-degree feedback system collects performance input from multiple sources including superiors, peers, subordinates, and sometimes customers, giving a comprehensive view of an employee's behaviour and competencies.
What is an 'upward feedback' mechanism in banking organisations?
Junior employees formally evaluate and rate their managers' performance.
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