This measure calculates the number of calendar days (including weekends) required to complete the formal performance review process from start to finish for senior management/executives (i.e. the highest-ranking officers and managers below executives). It is part of a set of Cycle Time measures that help companies analyze the duration of the process "manage employee performance" from beginning to end.
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Cycle time in days from start to finish for a formal performance review for a senior management/executive employee
Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.
The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.