Performance Management Assignment Example | Topics and Well Written Essays - 750 words

Performance Management - Assignment Example in that respect argon various types of movement management plans that a corporation may select to aim. The two almost prominent types of surgery management plans are strategic public presentation management plans and administrative plans (Customwritingtips, 2013). Strategic plans channelise emphasis on the long term. As part of a strategic performance plan an presidential term must assess the external factors that affect the organization. Administrative performance plans focuses on the short-change term and on the internal factors that can be altered to achieve positive change in a company. The use of performance management impacts the employees of an organization in a variety of ways. Performance management helps improve the want of the workers. It does a more effective job of rewarding employees that are performing. The corporate culture of a warm is enhanced by the use of performance management. Firms that implement performanc e management typically experience a productivity boom. Using performance management can help track employee performance better. The total allowance of employees increases. Despite the benefits associated with performance management there are also cons associated with its implementation. Often work related mark increases as a direct consequence of the use of performance management. Cooperation and teamwork decreases among the employees. When performance management is used controversy among the laborers rises. ... Employees also feel a greater pressure to perform. Three ways to determine individual performance are personal observation, feedback, and performance reviews (Aprioritylearning). Performance management affects the compensation that the employees receive for their labor. The traditional compensation system of rules of paying a fixed salary or by the hour has proven to be ineffective. When employees are paid a fixed compensation for their work they lose motivation. In a co mpany that uses performance management the workers that achieve higher productivity receive higher reward. Low performers are adversely touched because they receive lower compensation. The compensation system under performance management is fairer. Companies obtain greater aptitude from its compensation plan under performance management. A lot of factors should be considered when starting a performance management plan. It is very important to properly train the workers on the different aspects and implications of the performance management plan. During the low gear few weeks of implementation the employees should undergo an orientation period. The skills of the workers should be aligned with the job requirements of the program. The company has to determine if the staunch has adequate financial resources to pay for the added compensation of the workers. The corporate culture of the business is another factor that should be considered. The impact the plan will have on employee rela tions must be assessed. Administrative expenses are likely to increase under performance management. The effectiveness of the plan must be tracked. Companies must take away the long term impact of using performance management and they also have to deal with the short term consequences. It is important to include a balanced