Memo Performance Management Essay Example
MEMORANDUM
TO: Marylee Luther
FROM: Greg Daley
DATE: September 1, 2013
SUBJECT: Performance Management Plan
CC: Traci Goldeman
Hi Marylee, having found our recommendations for the compensation and benefits strategy satisfactory to Clapton Commercial Construction’s needs I will next outline a performance management plan. “Performance management (PM) includes activities which ensure that goals are consistently being met in an effective and efficient manner.” (“Performance Mangement,” 2013, para. 1). According to "My Strategic Plan" (2012), “Performance Management is also known as a process by which organizations align their resources, systems and employees to strategic objectives and priorities”(Glossary). The performance management system is part of the companies strategic plan in achieving the goals set forth each year. There has to be an ongoing communication process with the managers and the employees throughout the year as part of the performance management plan. Below are actions that are part of the performance management system. ("Performance Management - Meaning, System And Process", 2013).
▪ Developing clear job descriptions and employee performance plans which includes the key result areas (KRA') and performance indicators. ▪ Selection of right set of people by implementing an appropriate selection process. ▪ Negotiating requirements and performance standards for measuring the outcome and overall productivity against the predefined benchmarks. ▪ Providing continuous coaching and feedback during the period of delivery of performance. ▪ Identifying the training and development needs by measuring the outcomes achieved against the set standards and implementing effective development programs for improvement. ▪ Holding quarterly performance development discussions and evaluating employee performance on the basis of performance plans. ▪ Designing effective compensation and reward
TO: Marylee Luther
FROM: Greg Daley
DATE: September 1, 2013
SUBJECT: Performance Management Plan
CC: Traci Goldeman
Hi Marylee, having found our recommendations for the compensation and benefits strategy satisfactory to Clapton Commercial Construction’s needs I will next outline a performance management plan. “Performance management (PM) includes activities which ensure that goals are consistently being met in an effective and efficient manner.” (“Performance Mangement,” 2013, para. 1). According to "My Strategic Plan" (2012), “Performance Management is also known as a process by which organizations align their resources, systems and employees to strategic objectives and priorities”(Glossary). The performance management system is part of the companies strategic plan in achieving the goals set forth each year. There has to be an ongoing communication process with the managers and the employees throughout the year as part of the performance management plan. Below are actions that are part of the performance management system. ("Performance Management - Meaning, System And Process", 2013).
▪ Developing clear job descriptions and employee performance plans which includes the key result areas (KRA') and performance indicators. ▪ Selection of right set of people by implementing an appropriate selection process. ▪ Negotiating requirements and performance standards for measuring the outcome and overall productivity against the predefined benchmarks. ▪ Providing continuous coaching and feedback during the period of delivery of performance. ▪ Identifying the training and development needs by measuring the outcomes achieved against the set standards and implementing effective development programs for improvement. ▪ Holding quarterly performance development discussions and evaluating employee performance on the basis of performance plans. ▪ Designing effective compensation and reward