Memo Performance Management Essay

Hi Marylee, having found our recommendations for the recompense and benefits strategy satisfactory to Clapton moneymaking(prenominal) Constructions needs I for fix next outline a public presentation direction picture. operation management (PM) includes activities which ensure that goals are consistently being met in an impelling and efficient manner. (Performance Mangement, 2013, para. 1). According to My Strategic Plan (2012), Performance vigilance is also known as a process by which organizations aline their resources, organisations and employees to strategic objectives and priorities(Glossary). The proceeding management system is part of the companies strategic plan in achieving the goals impersonate by each family. There has to be an ongoing communication process with the managers and the employees throughout the year as part of the consummation management plan. Below are actions that are part of the mental process management system. (Performance Management Mean ing, System And Process, 2013). Developing clear lineage descriptions and employee cognitive operation plans which includes the key go forth areas (KRA) and performance indicators. Selection of right come of people by implementing an appropriate selection process. Negotiating requirements and performance standards for measuring the upshot and overall productivity against the predefined benchmarks. Providing continuous coaching and feedback during the period of delivery of performance. Identifying the culture and learning needs by measuring the outcomes achieved against the setstandards and implementing effective development programs for improvement. Holding quarterly performance development discussions and evaluating employee performance on the understructure of performance plans. Designing effective compensation and issue systems for recognizing those employees who excel in their billets by achieving the set standards in accordance with the performance plans or quite exceed the performance benchmarks. Providing promotional/ travel development support and advocate to the employees. Performing clog interviews for understanding the cause of employee discontentment and thereafter exit from an organization.Effectively implementing a performance management system benefits the organization, manager, and employee in some(prenominal) ways. Your company will benefit with employee retention and loyalty, improved productivity, which will result in cost savings. The manager benefits are saving time, reducing conflicts, ensuring efficacy and consistency in performance. The employee has clear expectations of the job and clearly defined career paths. Providing open and transparent feedback will have a positive becharm on job satisfaction and loyalty. (Managementstudyguide, 2013).After implementing the performance management system in order for it to be effective the employees have to understand their roles and vastness to achieving the goals set forth. Making the employee aware of the goals and having a performance metric and job description in writing is the role of each manager to go over with the employee prior to started any job. The managers will go over the in detail the key result areas with the employee and set up a reward package if the goals are exceeded in these areas. Benchmarking is a method that cigaret be used to measure performance metrics. In the commercial construction battlefield quality, time and cost are very important dimensions measured against high hat practices and other companies in the business.Benchmarking will be invaluable to the success of the Clapton Commercial Construction. Benchmarking is a method to evaluate the performance, and will show the strengths and weaknesses within the company. Benchmarking will ensure the Clapton Commercial Construction can keep job costs, stave times, and productivity within the industry averages. It will give you the data prerequisite to see the areas that addit ional training isnecessary. The managers will be responsible to get the employees the proper on the job training to be the most plentiful while keeping costs down.The performance appraisal fortune of the performance management system is where the manager will twice a year evaluate the employees performance. The manager will do a mid(prenominal) -year PE to determine areas of improvement needed to achieve or exceed the goals and deadlines set forth. For the employees which fail to suit or exceed expectations based on the performance metric set forth at the beginning of the year can be put on a performance improvement plan (PIP). This plan will set expectations and guidance for the employee to follow to help meet expectations by the end of the year. The final PE of the year will determine if the employee qualifies for a allowance increase and bonus and how much it is. If the employee was put on a PIP and improved in the key areas and meet expectations set forth he/she will also be eligible for a salary increase and a bonus.The performance management system is an important component of the organizational strategic plan for measuring and analyzing data to measure the performance of the company. It requires the cooperation and support of all employees, especially upper management to be successful. The performance management is proactive system for managing the individual and organization to achieve in demand(p) results. (Performance Management Meaning, System And Process, 2013).ReferencesBenchmarking. (2013). Retrieved from http//Wikipedia. (2013). Retrieved from http//en.wikipedia.org/wiki/BenchmarkingManagementstudyguide. (2013). Retrieved fromhttp//www.managementstudyguide.com/benefits-of-performance-management-system.htmMy Strategic Plan. (2012). Retrieved fromhttp//mystrategicplan.com/resources/section/ semblance/Performance Management Meaning, System and Process. (2013). Retrieved from http//www.managementstudyguide.com/performance-management.htmPerfor mance Mangement. (2013, Septmeber). WIKIPEDIA, (), . Retrieved from http//en.wikipedia.org/wiki/Performance_management