What is an Absolute Performance Standard?
An absolute performance standard refers to a gauge used in evaluating the performance of businesses and employees. It serves as a model standard and seeks to measure how well an organization is performing and how employees are also faring working towards the goals of the organization. Standards should also be specific meaningful and applicable in measuring the quality, cost, quantity, and aptness of organizations.
The Absolute performance standard is attainable only in theory and not in measuring the absolute performance of businesses.