Clapton Commercial Performance Management Plan
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- Date Submitted: 03/30/2015 05:58 PM
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Performance Management Plan
Performance Management Plan
Clapton Commercial Construction is a company who is expanding its’ business into Arizona and is based in Detroit, Michigan. They have a net worth of $10,000,000, currently employs 650 people in the Detroit area, and will be increasing their staff by 20 percent in the Arizona area. Based on their historical data, their turnover rate is at 20 percent and are forecasting the same rate after expansion. Clapton Commercial Construction also expects that their current -3% revenue growth stays the same, at least for the first year. After completion of their Compliance Plan, we are now looking to provide them with a Performance Plan to assist with their transition into the Arizona area which will map the performance management framework and align themselves with the organizational business strategy.
According to Berkeley HR, performance management is an ongoing process of communication between a supervisor and an employee that occurs throughout the year, in support of accomplishing the strategic objectives of the organization. The communication process includes clarifying expectations, setting objectives, identifying goals, providing feedback, and reviewing results. (Concepts and Definitions, n.d.) “Overseeing performance and providing feedback is not an isolated event, focused in an annual performance review. It is an ongoing process that takes place throughout the year. The Performance Management process is a cycle, with discussions varying year-to-year based on changing objectives.” (Concepts and Definitions, n.d.) By utilizing performance measures Clapton Commercial Construction make lasting improvements to their organization which will result in well informed decision-making.
Alignment to Business Strategy
According to Lorri Freifeld, “One of the biggest challenges for any company lies in achieving organizational alignment: that desired state in which the entire enterprise is working together to...
Performance Management Plan
Clapton Commercial Construction is a company who is expanding its’ business into Arizona and is based in Detroit, Michigan. They have a net worth of $10,000,000, currently employs 650 people in the Detroit area, and will be increasing their staff by 20 percent in the Arizona area. Based on their historical data, their turnover rate is at 20 percent and are forecasting the same rate after expansion. Clapton Commercial Construction also expects that their current -3% revenue growth stays the same, at least for the first year. After completion of their Compliance Plan, we are now looking to provide them with a Performance Plan to assist with their transition into the Arizona area which will map the performance management framework and align themselves with the organizational business strategy.
According to Berkeley HR, performance management is an ongoing process of communication between a supervisor and an employee that occurs throughout the year, in support of accomplishing the strategic objectives of the organization. The communication process includes clarifying expectations, setting objectives, identifying goals, providing feedback, and reviewing results. (Concepts and Definitions, n.d.) “Overseeing performance and providing feedback is not an isolated event, focused in an annual performance review. It is an ongoing process that takes place throughout the year. The Performance Management process is a cycle, with discussions varying year-to-year based on changing objectives.” (Concepts and Definitions, n.d.) By utilizing performance measures Clapton Commercial Construction make lasting improvements to their organization which will result in well informed decision-making.
Alignment to Business Strategy
According to Lorri Freifeld, “One of the biggest challenges for any company lies in achieving organizational alignment: that desired state in which the entire enterprise is working together to...