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Performance standards in employee selection refer to defined benchmarks for acceptable performance that candidates must meet to be considered suitable for a position. These standards serve as measurable criteria that help assess whether a candidate possesses the necessary skills, knowledge, and abilities required for a role. By establishing these benchmarks, organizations can ensure that they select individuals who are likely to perform effectively and contribute positively to the company.

The clarity and specificity of performance standards are crucial; they provide a foundation for creating valid and reliable selection processes, including tests and assessments that candidates may undergo during the evaluation. This emphasis on objective criteria helps to reduce subjectivity in the hiring process, supporting fair and equitable selection decisions.

In contrast, the other options do not accurately capture the essence of what performance standards are meant to represent. Evaluating education levels does not encompass the broader context of a candidate's performance capabilities. Similarly, average scores of previous employees do not serve as direct indicators of the potential performance of new candidates. Lastly, guidelines for interview numbers are logistical rather than evaluative measures related to candidate performance. Thus, the concept of performance standards focuses directly on the criteria that link candidate selection to their expected job performance, making the first choice the most accurate representation of this concept.