Performance Management Plan

Performance Management Plan

HRM/531 Human Capital Management

January 12, 2015

Performance Management Plan

"Think of performance management as a kind of compass, one that indicates a person’s actual direction as well as a person’s desired direction" (Cascio, 2013, Pg 332). In this paper we will be creating a performance management plan that will help guide the Landslide Limousine Company in a successful direction. Performance management systems have proved to be valuable tools for many companies. The plan will help to achieve the maximum effectiveness of each of your employees. It will not only provide an employee performance review but also assist management with working with employees to identify strengths and weaknesses in their performance. By implementing this plan, every person in this small company can identify ways to perform at their full potential.

Performance management framework to the organizational business strategy

The structure of the business strategy must consist of elective employee skills, methods used for measuring skills performance, process for addressing skills gaps, and elective employee feedback. As mentioned in earlier conversations, the Landslide Limousine Company plans to provide first class transportation for a variety of customers in the Austin, Texas area. There is anticipated net revenue of -$50,000 in the first year with an expected growth of 5% annually for the next couple of years. The plan is to operate with 25 employees with an estimated 10% turnover rate. After reviewing the details of their short-term and long-term plans, the goals are realistic and achievable. In order to maintain these projections while expanding the organization, management will need to align a performance management framework that works with the organizational strategy.

Organizational performance philosophy

The Landslide Limousine Company plans to provide a top notch transportation service that is second to none. It will allow their customers to have a feeling of royalty when being provided transportation to where ever their destination might be. Their clearly identified business vision and organizational goals will make it easy for them to target distinct areas of improvement. With the performance philosophy emphasized on customer service, the company will be able to build a reputation within the extremely competitive market. Including the development of employees in the performance philosophy will create an environment in which the employees feel like they are the reason for the success of the organization.

The job analysis process you will complete