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Btec Business Level 3 Unit 3

Decent Essays

Unit 3 - Discussion Board 3 – Human Resources
Mequlito Q. Ragin
9/1/2015
Managing employee performance The components of a successful performance management system will help with defining; the plans to increase profits and the margin objectives. This includes having objectives for your individual employees, managers and anyone that contributes to the overall goals. Keeping a well-defined program will relate back to the planned and projected targets you have put in place in each entity of your company. Having a strong documented plan will also increase the trust factor within your customer base, along with your employees. In addition to having a documented plan, one of the major components of the performance management system includes a job …show more content…

So what are they? 1. Performance Planning. 2. Performance Appraisal and Reviewing. 3. Feedback on the Performance followed by the personal counseling and performance facilitation. 4. Rewarding good performance. Typically, this is done on an annualized basis with each employee. Though the planning cycle listed above, and driven from the company’s standards, or your SOP’s. So your company or the company you work for should try putting together a set of targets for each task given or assigned. After this is done you will be measuring and monitoring the performance relative to the actual task goals systematically on a month to month basis or quarterly in addition to …show more content…

If you like try visiting this cite -http://www.siefer.com/how-to-motivate-employees-with-incentive-plans.html Again, having a measurable tool in place that you can use for monitoring performance against your goals and budget only means; you will have to have continuous discussions with all of your associates, about performance. This will keep everyone fresh and create new opportunities in the future.
In conclusion, the best performance system is only as good as the people who carry out the task, track the task and those individuals that hold others accountable for the overall success of the company. So to have high performance in every task and each company, it all falls back on leadership. Leadership has nothing to do with titles, seniority, or one’s positon within the company. It involves everyone!
So what is

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