Performance Management Plan Essay Example | Topics and Well Written Essays - 1000 words

Performance Management Plan - Essay Example In previous communications with me, the desire to expand your hotel chain was expressed. The strategy or objective for the hotel is to provide first-class catering services for various customers within the market. The expected net revenue for the first year is $100,000, 000 with an expectation of 15% increases in net revenue over the next several years and an estimated turnover rate of 5%. According to Atwood & Allen, the short-term and long-term goals for the company are seen as realistic in view of the first five years. The performance management framework will be effective in aligning the company’s goals and give a good foundation for its growth financially and win employee’s loyalty. The Company must identify the organizational performance theory by coming up with a strong strategic performance management framework (Dimon, 2013). The philosophy of the firm should be built on an appropriately structured customer service plan (Axson, 2010). It will help in competing in the high level of competition in the Indian market. The management has to ensure that the employees’ expectations are clearly defined in order to build a good reputation within the market ( Wade & Recardo, 2009). The job analysis process that will be used is engaging the employees in the job analysis processes by providing them with forms to fill (Dimon, 2013). The employees should have a chance to ask various questions about their duties they undertake and how it would influence the overall performance of the organization (Paladino, 2010). The management and the supervisors have to carefully look at the manner the employees undertake their duties and advice on the where possible to ensure that all goes well through an entire period on the job (Dimon, 2013). The managements should discuss with the employees the various challenges that they face in their line of duty and come to