Performance Management Plan For Landslide Limusine

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Performance Management Plan Teresa N. Banks HRM/531 February 9, 2015 It has been a joy working with Mr. Stonefield. While working hard to develop a performance management plan for Landslide Limousine, we must take into consideration the business performance and all the necessary things that need to be addressed. The business should be successful if the performance management plan (PMP) works entirely with the business strategy. “PMP helps employees to improve and develop their skill sets within their role, showing the organization commitment to the employee by providing them with ongoing career development and training by valuing and recognizing their contribution to…show more content…
A management framework plan will help his business make sure things are set up and completed. This structure helps aid in evaluating the company, as well as the employees. “Once employees are on board, their personal growth and development over time become a major concern. Change is a fact of organization life, and to cope with it effectively, planned programs of employee training, development, and career management are essential.” (Cascio, 2013, p. 287) In our previous conversation, Mr. Bradley expressed to our consultant; he desired to start Landslide Limousines in Austin, Texas. The primary goal was to provide a variety of first-class transportation for various customers by the limousine company. The plan for Landslide Limousine was to have at least 25 employees. He also mentioned he wanted to have a -$50,000 annual net revenue; with a growth of 5 percent within the first two years. Lastly, he stated he wanted the employee turnover rate to be at 10 percent. “Training consists of planned programs designed to improve performance at the individual, group, or organizational levels.” (Cascio, 2013, 290) Landslide Limousines must recognize the problems the employees might have and give appropriate tools. These tools ensure the employee perform…show more content…
Mr. Stonefield could easily monitor the internal decisions made throughout the company and make sure the employees work performance is in lines with what is \ working toward for his management strategy. REFERENCES Cascio, W. F., "Global Performance Management Systems," from The Handbook of Research in International Human Resources Management, Edward Elgar Ltd., 2006, pp. 287, 290. Heathfield, S. (2014). 360 Degree Feedback: The Good, the Bad, and the Ugly. Retrieved from http://humanresources.about.com/od/360feedback/a/360feedback.htm Cascio, W. F. (2013). Human Resources (Ninth Edition ed.). New York: McGraw-Hill Irwin. “360-degree feedback allows each individual to understand how his effectiveness as an employee, coworker, or staff member is viewed by others.” (Heathfield, 2014) Yale.edu. (2010, July). Yale university’s performance management system. Retrieved from http://www.yale.edu/hronline/focus/documents/2010JulyYALEPERFMGMNTGUIDERev6-7-10final.pdf http://www.hrinz.org.nz/Site/Resources/Knowledge_Base/IP/Performance_Management.aspx. Retrieved February 8,

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