HRM W4 Performance Management Plan

Topics: Goal, Skill, Evaluation Pages: 4 (1043 words) Published: February 26, 2014

Performance Management Plan
HRM/531 Human Capital Management

To: Bradley Stonefield
Landslide Limousine Service Austin, Texas
From: Atwood and Allen Consulting
Date: February
Subject: Performance Management Plan

A strategic performance management framework is essential for the success of Landslide Limousine. The performance management plan must align with the business strategy to ensure the business is successful. The organizational philosophy and job analysis will help the company define skills needed by employees. It is important to determine methods the company will use to measure employee’s skills, address skill gaps, and an approach for effective feedback. Atwood & Allen Consulting will provide information on creating a successful performance management framework for Landslide Limousine. Organizational Business Strategy

In previous communications with Atwood and Allen, the desire to start Landslide Limousines in Austin, Texas was expressed. The objective or strategy for the limousine company is to provide first-class transportation options for a variety of customers. The anticipated net revenue for the first year is $50,000 with an expectation of 5% increases in net revenue over the next several years and an estimated 10% turnover rate. Atwood & Allen believes the businesses short-term and long-term goals are realistic for the first few years. A strategic performance management framework will align the company’s goals, set the foundation for financial growth, and encourage employee loyalty.

Organizational Performance Philosophy
The company must identify the organizational performance philosophy by establishing a strong strategic performance management framework. The philosophy of the business should be built on excellent customer service to compete in the existing competitive market in Austin, Texas. Employee expectations must be clear to help build a positive reputation in the market. To...

References: Cascio, W. F. (2013). Managing Human Resources: Productivity, Quality of Work Life,
Profits (9th ed.) Boston, MA: McGraw-Hill/Irwin
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