Human Resource Management in Business Essay

Hand out date 1st June Hand in date 15th JuneP5 explain how employee feat is measured and comedM3 explain how the results from quantity and managing instruction execution inform employee developmentD2 assess the importance of measuring and managing employee performance at work.For your final task in your new role as recruitment adviser 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 GuidanceMeasuring performancePerformance indicators (achievement against targets)Goal theorySMART (specific, measurable, achievable, realistic, time-bound)Targets eg sales targets, growth targets, financial targets, waiting times, pass rates, punctuality, attendanceBenchmarkingManaging performanceprobationappraisalsupporting employees eg mentoring, monitoring, buddyingoccupational wellnessmanaging workloadsdelegating authorityresponsibilitycapacity competenceautonomylinking rewards to performancedisciplineemployee development (training, learning, job rotation, accelerated promotion, personal, professional)To achieve a PASSYou provide need to appreciate that the maximum contribution is required from each employee at work.Jobs often have specific performance criteria associated with them, so sales staff whitethorn have to generate 50,000 of sales per month. This may be beca character there is a business objective showing a sales target of 6 cardinal for a sales team of 10 people.Individuals need to be monitored to ensure they are working effectively and meeting targets and standards set for them. Both above par and below par performance must be managed.To achieve a MERITYou must be able to identify suitable perfo rmance 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 used for them passing through a pay threshold may be the reward.Chefs may be judged on good reviews, gaining Michelin stars or the gross profit 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 needed to remedy poor performance.Employees may have good punctuality and attendance monitored as these are basic requisites for working satisfactorily for a majority of occupations.To achieve a DISTINCTIONYou must make judgements about the value of monitoring and managing employees. The benefits of performance management should be contrasted with the consequences of failing to manage performance.