This website uses cookies to ensure you have the best experience. Learn more

The Ideal Performance Management System Essay

2933 words - 12 pages

A comprehensive performance management system will be thorough, inclusive, practical, meaningful, reliable, open, ethical, and correctable among other qualities (Aguinis, 2013). Additionally, the process of managing performance will be an ongoing process to include processes such as coaching and employee development. An ideal performance management system will serve an organization by developing satisfied and competent employees who are actively engaged in aiding the organization to reach their strategic goals, mission, and vision. Consideration of an ideal performance management system for a college of business shall be discussed to include the organizational strategy, systems, implementation factors, and employee development components.

Organizational Strategy
The primary objective of performance management is to assist organizations to achieve their strategic goals (Aguinis, 2013). These strategies initiate from the organizations vision and mission statements (Johnson, 2013). The performance management system, if effectively developed, will join unit and individual goals with the overall organizational goals so that all parties are working to achieve the same purpose (Aguinis, 2013). An additional benefit can be derived from the performance management plan because it serves to secure employee engagement in the organizational objectives (Aguinis, 2013). At the College of Business, the organizational purpose, vision, and mission are modified to adequately serve these objectives.

Organizational Purpose
The College of Business is committed to success. The success of students is a primary focus of this organization as a school of business. As an AACSB accredited college, the organization stands well positioned to ensure that students succeed in business after their tenure with the college. The college is also committed to “excellence, integrity and professionalism” (University of Cincinnati, 2013, p. 6). It is essential that everything the college does upholds the highest degree of ethical standards and is in consideration of others. The college also seeks to promote innovative thinking in its practices as well. Additionally, the college is committed to developing lasting relationships with stakeholders that will serve to benefit both parties (University of Cincinnati, 2013).

The vision statement of the College of Business is “we are in the business of building successful futures” (University of Cincinnati, 2013, p. 1). The Dean will notify audiences that this simple statement is broad in scope. The vision is not simply to build successful futures for the students served, but this vision extends to all stakeholders. This vision serves to place the responsibility on everyone within the college to ensure that what they request, perform, or expend should result in success for any number of stakeholders. In other words, it ties the daily tasks of employees to the organizations objectives (SHRM, 2012). The...

Find Another Essay On The Ideal Performance Management System

Performance Management Appraisal System Essay

562 words - 2 pages The execution performance management requires the participation of numerous players (Managers, supervisors, and subordinates). For the system to succeed and accepted, clear understanding about the system is needed for effective implementation. Supervision and explanation of performance appraisal system is very crucial element for performance. ‘‘Merely developing a model of the strategy does not ensure the strategy will be successful.’’ Othman

Employee Performance Management System Essay

3822 words - 15 pages the behavior and results that accomplish their mission. Thus, performance management and appraisal system has had myriad definitions, few of which have been listed below. (Napier,1986)Performance measurement is the "heart and soul" of the performance-based management process. Flowing from the Schafer Corporation al mission and the strategic planning process, it provides the data that will be collected, analyzed, reported, and, ultimately, used to

The Importance of an Organization's Performance Management System

1391 words - 6 pages One of the many ways to measure an organization's success in meeting or achieving its strategic objectives is to evaluate the performance of its employees. This evaluation, if it is to be effective or of substantial value to the organization, it needs to be systematic and purposeful. In order to explain the impact that a performance management system can have on other areas of human resource management, it is necessary to define the relationship

Evaluating a Performance Management System

2080 words - 9 pages Executive Summary The Performance Management (PM) system refers to the organization activity to ensure that employees work is aligned with the company strategic objectives, vision and the goals are met consistently and efficiently. Performance appraisals and awards systems are tools of PM that can improve the work performance of employees by helping them realize their full potentials in carrying out their organization mission; ensure that

Remuneration and Performance Management System

1926 words - 8 pages The correct remuneration and performance management system is an ongoing discussion as it plays an integral part in organisations. Pfeffer (2005) argues that wage compression and symbolic egalitarianism is the best practice to gain competitive advantage, however other theorists advocate a ‘best fit’ model depending on the organisational strategic plan. This essay explores these arguments by demonstrating how culture, the job, and organisational


1961 words - 8 pages LIFE CARE CENTER PERFORMANCE MANAGEMENT SYSTEM Introduction Building a performance management system (PMS) that’s effective to developing short and long term goals for future organizational success must incorporate everybody from upper-management to entry-level employees. However, it takes leaders and followers to be on the same page in order to make that plan standout and become effective. That means establishing a developmental plan

The Importance of Performance Management

2156 words - 9 pages no formal review. I approached the manager to discuss his practices around performance management. He explained that his system was simple. If the employee is doing what they were supposed to do, he would give them the standard raise. I asked what he did with employees that were not performing adequately. To explain his approach, he gave me one example. An employee who was not performing had not received a raise in over 3 years. His

Performance Management Within the Workplace

2488 words - 10 pages Performance Management Within the Workplace The basis of the mainstream of performance appraisals within the modern workplace is one person (a manager or executive) rating one more, an intrinsically individual process. There are distinction such as 360 degree appraisals that include the judgment of others such as clientele and peers/colleagues in the process but it is the action of one person transitory judgment upon

Evaluate the suggestion that there is no ideal management style

747 words - 3 pages to make their own decisions this style is the most effective and productive. This idea is supported by Likert in his management systems where he believes that the exploitative- authoritative management system is essential for theory X type of workers.In a democratic management style manager allows the workers to play a full part in decision making. Thus compared to autocratic, a democratic style encourages suggestions and discussion of problems

The Mayo Clinic: A Performance Management Assessment

2363 words - 9 pages understanding of effective performance management practices. Accordingly, this paper reviews the Mayo performance management system from four perspectives (a) leadership strategy, (b) performance measurements, (c) human resources management, and (d) the alignment of performance with strategy. The discussion concludes with an assessment of the alignment of the elements comprising the Mayo performance management system with recommendations for

Performance Management at the University of Ghana

990 words - 4 pages Performance Management at the University of Ghana The Balme library at the University of Ghana as implemented a performance management (PM) system to serve their diverse customer base. However, there have been issues with the PM system that was put in place. Some issues are the lack of a job analysis, employees are rated on vague items, and management does not work with the employees with feedback or development. Out of these issues the most

Similar Essays

The Benefits Of A Performance Management System

642 words - 3 pages systems. Dynamism of change and diversity, however, have mounted pressure on HR specialist and management team to refine, modify and or make more strategic method to performance management. This takes many forms e.g. Mbo, ‘hybrid’ systems, BSC, 360 degree and ranking & rating system. These forms are necessary in order to stay competitive and need effective management. The research is to find out trends in performance management that have

The Ideal System Essay

1268 words - 5 pages The Ideal System Conservatism tends to create threat to its citizen's lives by striving for money and power at the expense of its people. Stalin was a status quo thinker and during his reign in Russia places called the Gulags existed, they were camps positioned in the northern and north-eastern parts of Russia, in vast and uninhabited

Performance Management System Essay

919 words - 4 pages Organizations derive competitive advantage by outperforming rivals in the execution of activities required to ensure optimum operational effectiveness in providing products and services to customers (Porter, 1996). Operational effectiveness depends largely on the extent to which the organization’s performance management system (PM) is capable of developing the knowledge, skills, and abilities of its people (Allan, 1994). Thus, knowledge of

Performance Management System Essay

928 words - 4 pages ).” In an effort to standardize the employee evaluation system across all five divisions, the organization developed a standard performance management system in 2005. According to Aguinis, there are fourteen characteristics that form an ideal performance management system and Boulder County Public Health’s performance management system will be evaluated to see which of these characteristics their system has. Characteristics of an Ideal