Developing Performance Management Process

Added on - 28 May 2020

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Running head: DEVELOPING PERFORMANCE MANAGEMENT PROCESSDEVELOPING PERFORMANCE MANAGEMENT PROCESSName of the StudentName of the UniversityAuthor note:
1DEVELOPING PERFORMANCE MANAGEMENT PROCESSEXECUTIVE SUMMARYPerformance management process is Human Resource function in which the performance of theemployees are assessed and analyzed in a systematic way. In the following essay a hypotheticalsituation of planning a performance management process of a simulated business organisationcalled Australian Hardware is discussed. The planning along with the implementation processesare elaborated along with.
2DEVELOPING PERFORMANCE MANAGEMENT PROCESSTable of ContentsINTRODUCTION...........................................................................................................................3DISCUSSION..................................................................................................................................3REVIEW OF THE BUSINESS INFORMATION PROVIDED.................................................3PERFORMANCE MANAGEMENT OBJECTIVES.................................................................5PROCESS DESIGN....................................................................................................................6CONSULTATION WITH MANAGERS....................................................................................7IMPLEMENTATION PROCESS...............................................................................................9REFLECTION...............................................................................................................................12OUTLINES OF THE MAIN FEATURES OF THE PERFORMANCE MANAGEMENTPROCESS..................................................................................................................................12FOCUSING ON ONE OF THE FOUR ABOVE ASPECTS....................................................13CONCLUSION..............................................................................................................................14REFERENCES:...........................................................................................................................15
3DEVELOPING PERFORMANCE MANAGEMENT PROCESSINTRODUCTIONPerformance management process is the method by which the permanent and thecontractual employees are monitored and their performance is evaluated and assessed (Brunnertet al., 2014). In the process, the overall performance of the organization as a whole and itsdifferent departments can be analyzed and assessed as well.In the following essay, a comprehensive performance management plan would bedeveloped and the implementation process discussed for the simulated business “Australianhardware”. The company in its simulated version has 138 hardware stores across Australia andemploys about 10000 staff. The company supplies high quality home furniture, hardware andbuilding materials.DISCUSSIONREVIEW OF THE BUSINESS INFORMATION PROVIDEDThe mission statement states that the company provides best standard hardware, gardenarticles, home wares and building material in the country, and the company is committed toprovide consumers low priced quality goods and expert service. The company’s vision is tobecome the largest hardware retailer in Australia. Therefore, there needs to be a comprehensiveand effective human resource process to utilize the full potential of each individual employee.The target market of the company has been divided into home wares, do-it-yourself articles, andtrade-persons. To achieve the vision statement the strategies adopted are to increase sales andmarket share, cost-cutting, maintaining and increasing quality of products and services. Theorganizational chart of the company is as follows.
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