Human Resource Management in Business Essay

Hand step to the fore date 1st June Hand in date 15th JuneP5 let off how employee mathematical process is measured and managedM3 explain how the results from measure and managing performance inform employee usingD2 assess the importance of measuring and managing employee performance at work.For your final assign in your new role as recruitment consultant of Daves Management you have been asked to investigate and write a report on how different organisations measures and manages the performance of their employees. They would also like you to explain how the results from measuring and measuring performance help with employee development. To conclude the report they would like you to assess the importance of measuring and managing employee performance at work Further Guidance bar performancePerformance indicators ( handment against targets)Goal theorySMART (specific, measurable, achievable, realistic, time-bound)Targets eg gross revenue targets, increase targets, financial targe ts, waiting times, pass rates, punctuality, attendanceBenchmarkingManaging performanceprobationappraisal reinforcement employees eg mentoring, monitoring, buddyingoccupational healthmanaging workloadsdelegating authorityresponsibilitycapacity competencyautonomylinking rewards to performancedisciplineemployee development (training, learning, job rotation, accelerated promotion, personal, professional)To achieve a PASSYou will need to appreciate that the maximum piece is required from each employee at work.Jobs often have specific performance criteria associated with them, so gross revenue staff may have to generate 50,000 of sales per month. This may be beca do there is a business objective wake a sales target of 6 million for a sales team of 10 people.Individuals need to be monitored to ensure they be operative effectively and meeting targets and standards set for them. Both above par and below par performance must be managed.To achieve a beYou must be able to identify suitab le performance indicators to use with individual employees and show how the individuals performance can be improved through the use of performance management.Experienced teachers may be judged on examination pass rates and might be utilise for them passing through a pay threshold may be the reward.Chefs may be judged on good reviews, gaining Michelin stars or the gross earnings margin of dishes and maybe used as a way of deciding whether they will gain a pay rise.Not all employees are judged in the same ways as, so different performance indicators are used to manage them.Attending a course maybe necessitate to remedy poor performance.Employees may have good punctuality and attendance monitored as these are basic requisites for working satisfactorily for a mass of occupations.To achieve a DISTINCTIONYou must make judgements about the revalue of monitoring and managing employees. The benefits of performance management should be contrasted with the consequences of failing to manag e performance.