Hrm 531 - Performance Management Plan
Autor: FL44 • January 3, 2016 • Term Paper • 1,454 Words (6 Pages) • 1,454 Views
Performance Management Plan
HRM/531
December 1, 2015
Performance Management Plan
Traci, has assigned our consulting firm a commercial construction Company in developing a performance management plan. The required outline consists of recommendations of improvement and to update the client. One of our recommendations contains an alignment performance management framework to their business strategy. The job analysis process we will complete all identifying skills needed by employees. Our methods used for measuring each of the employee's skills and process and addressing skill gaps. We will then provide an Approach for delivering effective performance feedback.
A commercial construction company, there are plans on opening an additional location in Arizona, providing an effective performance management plan would become the expectation of the company to implement their future plans in opening a new office in another state. This plan will measure the before and after expected development for where the business needs to be. The company headquarters is located in Michigan with 650 employees and is planning an expansion to Arizona, which will add an additional 20% of employees. Our first goal will be to align the performance management to the organizational business strategies.
Performance management is "A broader process which requires managers to better define, facilitate, and encourage performance in which providing a timely feedback and constantly focusing everyone's attention on the ultimate objectives" (Cascio, W., 2013). Employee performance management includes: Planning work and setting expectations for success. Monitoring performance. Developmental training needs of the employee to perform the set expectations. Rewarding good performance. Before developing a performance management plan, we must define what is currently taking place within the organization and adjust accordingly.
When trying to understand where we are going, the company must have clear business objectives to know the direction in which the company and where they want to be. According to the IBM help website, business objectives "state what the business wishes to achieve. They are the key to moving from your present system to the future one." (2014). Developing objectives; first encompasses paralleling the business present state to the targeted state. This objective is to expand into commercial contracting markets and to improve profit margins while increasing market shares. Secondly, to expand services and decrease operating costs by increasing the sales department sizes. The company should begin offering servicing items within the city of Phoenix for the preparation opening of an office.
Our recommended strategic plan assists with the company in shaping the issues which must be reviewed, corrected and addressed both for the employees and on the organizational end of the corporation. Organizational and individual performance management systems must align with the business strategy. This Construction's strategic plan will include an expansion into office buildings and commercial spaces contracting the market which will improve profit margins. The other is to expand services and increase more options for the customers. By, offering employees' encouragements and rewards to upturn sales. Also, we can also offer a retention bonuses and production awards, this could also assist in retaining employees, decrease costs and minimize turn-over rates. With this plan, we can begin marketing and offering more services in the Phoenix area in preparation for our expansion within one year.
...