Performance Management Plan
Performance management is critical for any organization. Without it, goals and metrics could not be met and the organization would ultimately fail over time. Great thought and consideration must be given when developing performance management frameworks for an organization that are relevant to the type of business as well as promotes the overall goals of the company. The purpose of this paper is to outline the proposed performance management plan for Bradley Stonefield and his limousine business and the benefits to the organization by following this plan.
Too frequently, businesses tend to equate performance management as simply providing the employee with a yearly review with which to develop their skills. Organizations that do not focus on this critical process and allow it to be simply an afterthought will find that their success can be severely hampered by it. In fact, a recent survey conducted stated that 58% of businesses rate their performance management systems as a “C” or below. Many businesses have failed to keep up with recent technology and have let their performance management systems lag behind (Vorhauser-Smith, 2012).
For Mr. Stonefield’s business to be successful, proper attention needs to be paid to these details and the plan needs to be embraced by all levels of employees. To begin with, the plan needs to define the performance expected, help the employee understand how to achieve this performance and facilitate their success, and to provide a benefit to encourage the achievement of the performance. To do this, Stonefield must set goals that are relevant to the business and that are achievable (Cascio, 2012, p. 333).
Goals that can be defined and used for Stonefield’s business can include the following:
Attendance goals (all employees)
Performance goals (ie: accident free, percentage of uptime for vehicles – for drivers and...