Performance Management Plan
Plan Criteria
Explanation
Provide a description of your company and employees.
The company is question is Allure Car Company. The company is in its first year and has twenty-five employees. The company operates out of New York. In addition, the owner of the company expects that the business will generate about $100,000 in revenue in its first year and a growth of 5% every fiscal year subsequently. More so, the company expects a turnover growth of 10% every year from now on for a period of three years.
How will you assess employees? (For example, will you make performance appraisals? Will you rank employees?)
The basic approach that I will use to assess the employees of the company will be through a behavior-based rating system and a secondary evaluator that is based on the results of the employees. In particular, I will appraise the personnel using the Likert scale, which is a very common approach for several surveys and performance measure. The scale will evaluate the performance of the personnel according to the following norms and grading criteria:
1. Always performing
2. Very often performing
3. Fairly often behaving
4. Occasionally performing
5. Never performing
How will you provide feedback? What kind of feedback will you provide?
I intend to carry out rankings and performance measures regularly...
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