Final answer:
The 360-degree performance appraisal is the metric that allows managers to assess company performance based on stakeholder satisfaction. It provides a multi-perspective analysis of an employee's job performance. Other performance measures such as health metrics, job satisfaction surveys, and stock market performance indices also play a role in evaluating company performance.
Step-by-step explanation:
The metric that allows managers to assess company performance based on how well stakeholders' needs are met is known as a 360-degree performance appraisal. This comprehensive evaluation includes feedback from a variety of sources, such as supervisors, customers, direct reports, peers, and the employees themselves. By incorporating multiple perspectives, a 360-degree performance appraisal provides a holistic view of an employee's performance and how it aligns with the stakeholders' expectations. The appraisal is designed to measure several aspects of job performance, including efficiency, effectiveness, and satisfaction.
In addition to the 360-degree performance appraisal, other metrics like health metrics and job satisfaction surveys can also contribute to assessing company performance. These might include questions like the recommendation of the organization as a good place to work, overall job satisfaction, and the effectiveness of management's work style. These are used after organizational changes or periodically, to understand the effect on employee well-being and, by extension, the company's health.
On a larger scale, performance can be measured by looking at stock market performance, such as the Dow Jones Industrial Average or the Standard & Poor's 500, which reflect the economic value created for shareholders. These indices help in understanding how well the company is doing in terms of meeting its financial goals and stakeholder wealth creation.