Performance Management Assignment

Administrative performance plans focuses on the short term and on the internal factors that can be altered to achieve positive change in a company.The use of performance management impacts the employees of an organization in a variety of ways.During the first few weeks of implementation the employees should undergo an orientation period.

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The company has to determine if the firm has adequate financial resources to pay for the added compensation of the workers.

The corporate culture of the business is another factor that should be considered.

The corporate culture of a firm is enhanced by the use of performance management.

Firms that implement performance management typically experience a productivity boom.

Cooperation and teamwork decreases among the employees. Three ways to determine individual performance are personal observation, feedback, and performance reviews (Aprioritylearning).

When performance management is used competition among the laborers rises. Performance management affects the compensation that the employees receive for their labor.

Performance management helps improve the motivation of the workers.

It does a more effective job of rewarding employees that are performing.

There are various types of performance management plans that a corporation may select to use.

The two most prominent types of performance management plans are strategic performance management plans and administrative plans (Customwritingtips, 2013). As part of a strategic performance plan an organization must assess the external factors that affect the organization.