Performance Management Cycle Plan
Develop a high level performance management cycle plan (850 words). The plan should contain an introduction and conclusion that makes relevant connections to course objectives. The body of the plan is an annotated presentation of the concepts listed in your Scenario Generator Report.
The purpose of this assignment is to simulate the thought process that managers use when evaluating the various elements of performance management. The students are not expected to produce a detailed plan. Rather, the expectation is that students demonstrate consideration of the multiple complexities involved in the performance management cycle.
Your Scenario Generator Report provides the context for the plan.
Carefully consider the characteristics of the various organizational descriptors in your Scenario Generator Report.
Thoughtfully discuss each listed item (2-3 fully developed sentences per item).
While APA format is required for the body of this assignment, solid academic writing is expected.
Module Scenario: Hiring Plan and Compensation Package Proposal
Type: Publicly Traded
Size: Large Corporation
Sector: Bank
Funding: Revenues based
Stakeholders:
Customers
Decision makers:
Executive Team
Formal organization:
For-profit corporation
Human Resources Department:
Strategic and Transactional
Stage in Organizational Lifecycle:
Maturity
REFLECT ON:
Question 1: Do organizational goals support the mission, vision, and values statements?
Question 2: Does the organizational structure support the strategic plan for the organization, communication, decision making, customer service, employee engagement and satisfaction, and cross department interaction?
Question 3: Are there apparent gaps in skills, talent, or diversity in the leadership team or staff?
Question 4: From a review of the information provided, what areas are in need of further development?
APA Format