Performance management | Management homework help
Objective: Analyze performance management concepts and methodologies. Introduction: To be competitive today, companies are continuously evaluating the overall performance of every area in the business, which includes their employees. Companies look for multiple ways to train and develop employees, including using senior managers who coach and mentor others. To acknowledge and promote higher levels of performance and retain employees, companies implement various recognition programs. Additionally, managers must establish clear performance guidelines and correspondingly measure employee performance in ways that help the company meet its goals and the employees achieve performance targets. This essay will give you the opportunity to analyze performance management concepts and methodologies.
Deliverable: The essay for this lesson is required to be a minimum of 750 words that clearly demonstrate your understanding of the activity. Essays should have a clear introduction, thesis statement and conclusion, written in APA format (APAstyle.org). A minimum of three sources must be cited in-text and in the Reference list.
Step 1: Read the following scenario and questions, and then use what you have learned about this lesson’s objective to consider your responses. Rowdy, Inc. is an apparel company with a multicultural, multigenerational talent pool. Its clothing is manufactured in a large factory in China, its distribution center is in Des Moines, Iowa, its headquarters is in Los Angeles, and it sells all of its products online. The company has been experiencing a higher than normal turnover of its U.S.-based employees. In the last employee satisfaction survey, the employees complained that they did not feel appreciated by management and did not always understand their managers’ expectations. Based on the lesson’s main topics, explain the probable causes and what can be done to help increase employee satisfaction as well as employee and company performance.
•What can Rowdy, Inc. do differently with its view of human capital? In your response, suggest what Rowdy’s view of its human capital likely is at this time.
•What types of strategies can Rowdy use to train and develop its employees in ways that will promote overall company success as well as the professional success of employees?
•What factors seem to be impacting Rowdy’s employees? What types of recognition and rewards would be more advantageous for the multicultural, multigenerational talent pool at the company?
•What are three best practices Rowdy could use to be more effective with managing human performance?