Performance Management Plan
Human Capital Management - HRM531
Kathy Butler, Professor
University of Phoenix
Bradley Stonefield the owner of Landslide Limousine, a small business in Austin, Texas, has hired by Atwood and Allen Consulting to create a performance management plan. Most entrepreneurs are not aware what it takes to hire the right employee and this may cause problems or questions of concerns. The purpose of this essay is to outline a performance management plans and provides principles and strategies on how to hire employees, manage his employees and how the right employee can impact the success of his car service business.
Bradley Stonefield is trying to build a company of morale, create loyalty and increase overall productivity but in order to do this he will need to implement a performance management plan. Mr. Stonefield is mindful of a performance management plan being a continuous cycle and is willing to receive feedback and our recommendations on how he should proceed. Employee performance management should be outlined as follows:
1. All work should be planned in advance; this will allow goals and timeframes of completion could be set by the employee
2. Monitor and keep track of development, progress, growth potential and job performance
3. Develop a training strategy and provide training based on work assignments.
4. Evaluate and rate each employee fairly and equally which will help to summarize their job performance.
5. Reward great performance with raises and/or job promotions.
The most crucial element in creating a performance management plan is to define an employee’s goals and providing the proper strategies to accomplish those goals and meet the company’s expectations. The process of setting goals should be created and agreed upon by the manager and the employee. An employee should have a description of his or her job responsibilities and based on that a...