Performance Management Plan
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- Date Submitted: 12/05/2013 05:52 PM
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Performance Management Plan
Stonefield is starting up a new limousine business, Landslide Limousine, located in Austin, Texas. Creating a performance management plan is an important building block to starting and maintaining a successful organization. For this plan to function correctly by contributing to the success of the organization, it is essential that it covers four key components: The managers will provide employees with constructive performance feedback, employee’s aptitude levels, the process in which the aptitude is measured, and the method for handling areas where employees are not meeting organizational standards.
The performance management plan is part of the substantial blueprint that the guidelines that support the system of a successful business. It is true that the effects of superior quality service will cause successful customers’ satisfaction. Landslide Limousine will deliver that service as promised in their cultural beliefs. The company’s has an expectancy of -$50,000 in revenue and a 10% turnover rate therefore the business has confidence that the objectives are obtainable in the initial year. The main underlining purpose of the performance management plan is to guarantee that the revenue does not fall below its target value and that the turnover rate does not rise above its target turnover rate. The performance management plan will see to effectively meeting the company’s targets. Company objectives must be well planned and precisely followed. This will help in the support of successful employees and improve company’s revenue. This is an excellent start in getting the company off the ground and helps the success of keeping the company in good standing as the business continues to evolve. Employees are the representation of the company. They are the first face the customers will see. Therefore, we strongly suggest that employees contain the required skills to be fully competent on and off the job field. Also their...
Stonefield is starting up a new limousine business, Landslide Limousine, located in Austin, Texas. Creating a performance management plan is an important building block to starting and maintaining a successful organization. For this plan to function correctly by contributing to the success of the organization, it is essential that it covers four key components: The managers will provide employees with constructive performance feedback, employee’s aptitude levels, the process in which the aptitude is measured, and the method for handling areas where employees are not meeting organizational standards.
The performance management plan is part of the substantial blueprint that the guidelines that support the system of a successful business. It is true that the effects of superior quality service will cause successful customers’ satisfaction. Landslide Limousine will deliver that service as promised in their cultural beliefs. The company’s has an expectancy of -$50,000 in revenue and a 10% turnover rate therefore the business has confidence that the objectives are obtainable in the initial year. The main underlining purpose of the performance management plan is to guarantee that the revenue does not fall below its target value and that the turnover rate does not rise above its target turnover rate. The performance management plan will see to effectively meeting the company’s targets. Company objectives must be well planned and precisely followed. This will help in the support of successful employees and improve company’s revenue. This is an excellent start in getting the company off the ground and helps the success of keeping the company in good standing as the business continues to evolve. Employees are the representation of the company. They are the first face the customers will see. Therefore, we strongly suggest that employees contain the required skills to be fully competent on and off the job field. Also their...