A bell-shaped graph that depicts a normal distribution is called a bell curve. The mean, mode, and median of the collected data are displayed at the top of the bell curve.
In statistics, bell curves are most frequently used to examine financial and economic data.
Bell Curve System Involvement in Performance Management: The bell curve system is used to classify personnel and divide them into three groups throughout the performance appraisal process: top performers (20%), average performers (70%), and bad performers (10%). It facilitates effective performance evaluation of staff. Finding high performers and giving them substantial rewards is always crucial. This aids the company in keeping its best employees. In this manner, the organization and the employee both benefit.
