Refer to Scenario 8.3. If Canadian Fasteners were to provide ongoing performance feedback to its employees, this would be a key step in which of the following?

A) strategic and managerial process
B) performance management process
C) compensation rating process
D) promotion process

Performance Management Process

A systematic approach to improving and managing an employee's work performance through setting clear goals, providing regular feedback, and facilitating development.

Ongoing Performance Feedback

Continuous communication between supervisors and employees regarding performance, typically aimed at improvement and development.

Compensation Process

The method or system through which employees are rewarded for their contributions to an organization, including wages, salaries, benefits, and incentives.