Essay about HRM 561 Week 4

1141 Words Jul 21st, 2015 5 Pages
To: Traci Goldman
From:
Date: July 20, 2015
Week 4 - Large Company Summary
Re: PERFORMANCE MANAGEMENT

Hello Traci, I will be putting together some recommendations based on the current business strategy to increase performance. I will be choosing different topics that will produce a successful performance plan that the large corporation can identify areas for improvement and areas of expertise. I understand that Bollman Hotels is projecting to retain its 15% net revenue for the first year of operations in India and will be growing its employment rate by 20%. It is imperative to come up with a strategy to maximize performance and try to minimize the 5% turnover rate. In order to achieve these numbers I will need to look at the topics
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This allows an opportunity to be involved in the performance appraisal process.
2. Organizational performance philosophy for Bollman Hotels is committed to aligning the performance management system that will reward excellence and performance. It will allow the employees to be more motivated and perform at a higher level, which will in turn create consistency with their reviews. The managers and employees must work as a partnership or team to ensure performance planning, reviewing process, and development phases. This can all be designed to help individuals accomplish their goals and achieve excellence in all of their efforts.
3. Job analysis is the next step to consider the skills necessary for employees by job functions. To achieve the job analysis process one must consider the skills necessary for employees’ separated by job title or function. Employees can understand what the vital aspects of their jobs are by analyzing the entire job function and process. This process should include an explanation of primary job functions, how to produce them, and who is responsible for all parts, and the qualifications needed for all steps. Defining the key duties of each job function will benchmark all key elements to determine a systematic process. By identifying each job title or job function will allow management and staff to outline performance standards more

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