The Value A Performance Management Program Essay

968 Words Apr 17th, 2016 4 Pages
The value a performance management program brings to the organization is resolute, however, let begin with the process, first area of the performance management program is the planning stage, which is vital to the business success; it comprises the vision, mission and otherwise out of the box philosophy. It tells the direction you want your business to go, alternatively if you’re not certain where you want this direction to be, then your efforts are without significance. Therefore, the planning will define precisely where it is you want the business to go.
The next step consists of monitoring in order for your performance management program to be successful HR must closely monitor. This process entails monitoring every department and employee of the business to cover its objectives. However, all departments and employee will be given opinions consisting of but not limited to recognition, incentive or helpful reproach. Organization 's performance management program efforts will be achieved, by closely monitoring these steps, however, if areas appear to come up short, you will need to initiate a strategy that will enhance these areas, such as additional training. Incentives all employees must be rewarded for exceptional performance on the job, with this your employee will feel valued for their performance that will reflect upon the success of your business.
Incentive can range from financial incentives, and or company recognition, these steps will enhance company…

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