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6 pages/≈1650 words
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Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
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Topic:

Benchmark-Performance Management Cycle Plan. Management Essay

Essay Instructions:

Develop 1,500‐2,000 word, high‐level, Performance Management Cycle Plan. The plan should contain an introduction and conclusion that explain how effective performance management supports organizational strategy and HR goals.
The purpose of this assignment is to simulate the thought process that managers use when evaluating the various elements of supervision, performance management, and employee retention. The students are expected to produce a plan that includes:

1. Introduction of the organization that outlines the importance of performance management in organizations and performance management needs in the chosen organization.
2. Performance Management Process (Step 1). Performance outcomes for the company and performance outcomes for a selected department in the company. Students should include policies that support a culture of diversity.
3. Performance Management Process (Step 2). Develop employee goals, behavior, and actions to achieve outcomes.
4. Performance Management Process (Step 3). Provide support, supervision, and ongoing performance discussions.
5. Performance Management Process (Step 4). Evaluate performance of employees.
6. Performance Management Process (Step 5). Identify improvements needed.
7. Performance Management Process (Step 6). Provide consequences for performance results.
8. Evaluate HR management strategies including strengths and weaknesses of current training methods. Consider showing the link between how employee training supports HR goals including supporting a culture of diversity.
9. Proposed impact of the revised human resource management strategies (recruitment, performance management, and employee training) on employee retention.
10. Conclusion including human resource practices (performance management, training, and employee retention) and their contribution to the organization’s competitive advantage in the marketplace.
Incorporate three to five resources (including your course textbook) to support your paper.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
Benchmark Information
This benchmark assignment assesses the following programmatic competencies:
BS in Business Management- No Emphasis
5.3 - Examine human resource practices and their contribution to an organization's competitive advantage in the marketplace.
BS in Health Information Management
5.5 - Evaluate human resource management strategies and techniques to facilitate staff recruitment, retention, and supervision.
5.6 - Create programs and policies that support a culture of diversity.
If you need anything please feel free to contact me.

Essay Sample Content Preview:

Performance Management Cycle Plan at IBM
Student’s Name
Institution
Performance Management Cycle Plan at IBM
Performance management is a crucial part of any organization’s success, especially when it comes to the optimal utilization of human resources. At International Business Machines Corporation (IBM), an American multinational company dealing with technology, performance management has been given serious considerations (IBM, n.d.). The company understands that performance management not only influences effectiveness at an individual level but also at an organizational level. For constant improvement to occur within an organization, performance management has to be present (Cardy & Leonard, 2015). For IBM, constant improvement is a necessary element of the company’s success since it works in an industry that is prone to change and constant innovation and improvement are required. Some of the key performance management needs in IBM include hiring, monitoring, goal-setting, continuous feedback, and continual employee skills development (Kiron & Spindel, 2019). All these needs fall under the performance management cycle. The performance management cycle encompasses planning, monitoring, reviewing, rewarding, and controlling to ensure that organizational goals are met (Franco-Santos & Otley, 2018). This paper aims to benchmark performance management at IBM and provide an overview of an effective performance management cycle in the following sections.
Step One: Performance Outcomes of IBM
This section assesses the performance of IBM in terms of outcomes achievement. Performance outcomes address the achievement of goals such as the number of units sold, quantity of waste reduction, and the number of sales, among others (Cardy & Leonard, 2015). Performance outcomes are crucial as they help organizations examine their progress and identify the challenges. At IBM, the key performance outcomes are; impact on client success, innovation, business results, skills growth and development, and personal responsibility to teammates (Zillman, 2016). Impact on client success is especially a key performance outcome for the department of global business services which deals directly with clients from across the world. Responsibility to teammates is meant to promote teamwork and diversity. At IBM, performance outcomes are also addressed in terms of how well the company supports the women who work there. IBM has strived to ensure that women in the workforce are increasing and that their specific needs are met so that they work in a culturally diverse and competent environment (IBM, n.d.). One of the key policies that support cultural diversity at IBM is the creation of work-life and career development programs for women.
Step Two: Employee Goal Development
To establish and achieve performance outcomes, goals and behaviors must be developed (Cardy & Leonard, 2015). This entails ensuring that the goals of the company are clear to all employees at the very beginning. IBM focuses on goal and behavior development by allowing employees to match their goals with the ongoing tasks (Zillman, 2016). Employees provide and seek feedback at least once every month, rather than at the end of the year. To achiev...
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