Performance Management Plan
Performance Management Plan
HRM/531
February 2, 2015
Juan M. Barraza
Compensation and benefits concerns are very important to employees and employers. A lot of the top performing employees are drawn by successful organizations, as well as the organization providing a detail compensation and benefit plan. Now it is time to focus on the performance management structure that will help you succeed in your business. In this document I will focus on different aspects that will help you launch a well-done performance plan. This plan will also help you increase the performance of your associates and prevent a high turn over. Performance management is part o Lean Manufacturing, and even though your company does not belong to manufacturing, we can implement it and get good results. Performance Management is about letting you employees know the health of the company and taking the appropriate actions to prevent a decrease in performance, efficiency, high costs, etc. The first objective in implementing Performance Management is that there must be a commitment between the associates and the organization to improve the performance. Communication plays an important role here, the objectives must be clear in order to have a good communication between departments and this will arises alignment. As part of having a good communication, employees must have clear their responsibilities, goals ad how they are performing. You must also be prepared to correspond to the good performance of your associates; you must also create a plan for professional growth for them. Associates tend to be motivated and work as a team in continuous improvement projects and finding ways to improve the quality of the organization. The second objective would be setting up system a method to measure the performance of your employees. We already talked about how to measure the health of your company and we talked about Key Performance Indicators as a method to measure the
HRM/531
February 2, 2015
Juan M. Barraza
Compensation and benefits concerns are very important to employees and employers. A lot of the top performing employees are drawn by successful organizations, as well as the organization providing a detail compensation and benefit plan. Now it is time to focus on the performance management structure that will help you succeed in your business. In this document I will focus on different aspects that will help you launch a well-done performance plan. This plan will also help you increase the performance of your associates and prevent a high turn over. Performance management is part o Lean Manufacturing, and even though your company does not belong to manufacturing, we can implement it and get good results. Performance Management is about letting you employees know the health of the company and taking the appropriate actions to prevent a decrease in performance, efficiency, high costs, etc. The first objective in implementing Performance Management is that there must be a commitment between the associates and the organization to improve the performance. Communication plays an important role here, the objectives must be clear in order to have a good communication between departments and this will arises alignment. As part of having a good communication, employees must have clear their responsibilities, goals ad how they are performing. You must also be prepared to correspond to the good performance of your associates; you must also create a plan for professional growth for them. Associates tend to be motivated and work as a team in continuous improvement projects and finding ways to improve the quality of the organization. The second objective would be setting up system a method to measure the performance of your employees. We already talked about how to measure the health of your company and we talked about Key Performance Indicators as a method to measure the
References: Lean Six Sigma Resources. Retrieved January 29,2015 From http://www.beyondlean.com/