Performance Management
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- Date Submitted: 03/19/2016 01:49 PM
- Pages: 6
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Performance Management Plan
The performance management plan we will discuss is a management plan that indicates where Clapton Commercial Construction is at this point and where it will be expected to be after expansion. Company is a commercial construction business and is currently in Detroit, Michigan. Company currently has 650 employees and plans to expand to Arizona, thus adding 20% additional employees. Annual net revenue is 10 million with a revenue growth of -3%, which is expected to stay the same at least for the first year. The turnover rate currently is 20% and forecasting same rate after expansion.
Performance Management
Performance management is “a broad process that requires managers to define, facilitate, and encourage performance by providing timely feedback and constantly focusing everyone’s attention on the ultimate objectives” (Cascio, W., 2013). Employee performance management incudes:
• Planning
In the planning stage organizations identify performance expectations and goals desired of employees to achieve organizational objectives. It also supports tasks designed to accomplish higher levels of performance, and fosters persistence for higher levels of performance (Cascio, 2013). Encouraging employee’s involvement in the planning process will provide understanding of organizational goals; what needs to be done, why it needs to be done, and how well it should be done.
• Monitoring
Monitoring is the measurement of performance and continue feedback to employees and their work groups; with regards to progress of target completion. One of the reasons that performance management is not easy to execute within an entire organization is performance management demands daily commitment from management. By constant monitoring, supervisors will be able to identify unwarranted work performance at any time during the appraisal process. Being able to address such performance issue at the time of occurrence...
The performance management plan we will discuss is a management plan that indicates where Clapton Commercial Construction is at this point and where it will be expected to be after expansion. Company is a commercial construction business and is currently in Detroit, Michigan. Company currently has 650 employees and plans to expand to Arizona, thus adding 20% additional employees. Annual net revenue is 10 million with a revenue growth of -3%, which is expected to stay the same at least for the first year. The turnover rate currently is 20% and forecasting same rate after expansion.
Performance Management
Performance management is “a broad process that requires managers to define, facilitate, and encourage performance by providing timely feedback and constantly focusing everyone’s attention on the ultimate objectives” (Cascio, W., 2013). Employee performance management incudes:
• Planning
In the planning stage organizations identify performance expectations and goals desired of employees to achieve organizational objectives. It also supports tasks designed to accomplish higher levels of performance, and fosters persistence for higher levels of performance (Cascio, 2013). Encouraging employee’s involvement in the planning process will provide understanding of organizational goals; what needs to be done, why it needs to be done, and how well it should be done.
• Monitoring
Monitoring is the measurement of performance and continue feedback to employees and their work groups; with regards to progress of target completion. One of the reasons that performance management is not easy to execute within an entire organization is performance management demands daily commitment from management. By constant monitoring, supervisors will be able to identify unwarranted work performance at any time during the appraisal process. Being able to address such performance issue at the time of occurrence...