Company Master: Update Performance Level Descriptions - Compease
Company Master-->Company Settings-->Performance Levels:
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Select Edit.
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Complete edits in text box.
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Select Save.
Please Note: If you are integrated with Performance Pro, performance level descriptions will be edited in Performance Pro.
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To revert performance level descriptions back to the default, select Reset All Descriptions.
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Select Confirm.

See below for a video of these instructions.