Performance Management Plan
Performance Management plan
Hrm 531
04/22/2014
Performance management plan is very important to every organization who intends to succeed. The aim of this guide is to provide concrete strategies and theoretical steps that can be used to better the performance management processes. As noted that Landslide Limousine Service, who intends on expand their business to Austin, Texas, it is important for the company to understand why it is not only important, but necessary to implement performance management plan. Some necessary plan includes
Alignment of Performance Management Framework
The importance of aligning management framework cannot be overemphasized, In Oder for any business to become successful companies must device a performance management framework. A performance management framework ensures that organizations aim are met. “It delivers a customary approach for describing processes and actions such as planning, modeling and monitoring; information types such as multidimensional, record based and text; business rules including calculations and logic; and user roles such as manager, shareholder, customer and staff” (Business Intelligent journal 2004) A framework also outlines the features of these building blocks and the ways they can relate with one another. Without a framework it would be very challenging to have a given business system care with a wide range of management practices. Even within the same organization there are a variety of methods and they change over time, so maintaining flexibility and stability are vital to avoid luxurious and extended re executions during application movements.
Setting up of Organizational Performance Strategy
The most important of all is set- up phases. It is important to note that the out ling of organizational performances goals strengthens the foundation for attaining organizational goals. (“Organizational Performance Strategy “, 2013). As stated that Landslides Limousine Services strategies to provide the best service and allows their customer have the best service during transportation. A clear business idea and implementation of realistic goals, helps when during pursuing of areas for improvement. Launching measurable such as performance management framework guarantees the business to see the numbers projected which is $50,000 in revenue and just a 10% turnover rate. Please be mindful that having the performances management strategy will prevent additional lost revenue, and turnover rate will not go beyond that target of 10%. Effective performance management bring into line the hard work of managers and employees to stimulate uniformity in performance reviews. We commend that you allow growth in business by providing adequate training and conducting