performance standard

  

Definition

Benchmark against which actual performance is measured.

Use this term in a sentence

  • Once the new management came in, quality control suffered and both employees and customers saw the performance standard dropped considerably.

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  • In order for the bank to meet internal goals related to obtaining new accounts a performance standard has been instituted to ensure the process flow is followed.

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  • If a company wants to succeed, they must have a strict performance standard that is maintained through employee evaluations where discipline is taken for those who are inadequate.

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