Final answer:
A company can improve retention and culture using effective performance reviews and training. Research indicates training affects several positive outcomes, including behavior and productivity. The effectiveness of performance appraisals depends on their alignment with the company's culture.
Step-by-step explanation:
The question seeks a real-world example of a company that experienced improved retention and culture through effective performance reviews and training. Based on research, we can see that training initiatives are indeed an effective means to improve organizational output across several measures, including employee responses, learning outcomes, job behaviors, and overall results such as productivity and profits. A prominent study by Arthur, Bennett, Edens, and Bell in 2003 supports this, indicating that diversified training methods, like self-instruction and computer-assisted training, are beneficial.
It's also evident that the performance appraisal systems must align with the company's culture to be effective. Effective evaluations and feedback mechanisms, such as those discussed by DeNisi and Kluger in 2000, should theoretically motivate employees and enhance performance. Yet, for performance appraisals to be a true asset, they must be implemented correctly, which involves being sensitive to the organization’s culture and continuous employee development post-recruitment.