The effective management of performance requires a solid understanding of the performance domain which enables to asses and improves performance, not only of the individual but of the organization as a whole. In view of the recent economic crisis and its after effects on business world including JVA Corporation, many firms have changed their strategy to cost cutting strategy while some have gone bankrupt. JVA Corporation’s decision to shut down its international operation is not advisable considering the fact that the livelihood of thousands of employees depend on the company. Therefore, to avoid the closure, this document proposes to review the employee performance as well as the organizational performance on half yearly basis which will allow the employees to earn rewards rather than traditional method of increase. In this scenario, employees, whose performance is not up to the standard will not receive any benefits.
One of the worst scenarios that the CEOs consider themselves to face is the need for demonstrating the ability to develop the required performances and skills of the employees through training and development programmes. Apart from that the HR roles are being scrutinised continuously in terms of developing strategies for enhancing the performances of the employees that can add value to the organisation’s objectives.
This makes the customers who have the desire, the means, and the ability to purchase such products and services fail to go for them. If any product or service does not meet the customer satisfaction goal, then t causes customer dissatisfaction. Customer dissatisfaction presents challenges to many organizations.
Overall profitability of JVA Corporation is assessed by reviewing appraisal process, performance management system and compensation packages offered so that appropriate proposal is submitted by Human Resource (HR) department. For every organization, PMS is a vital tool for motivating employees and guiding them about performing in organization so that they can improve their skills and perform their job effectively (One Step, 2010; Virani, 2012).
Performance management can in other words, be referred to as any systematic process by which the overall performance of an organization can be improved through the improvement of the individuals within a team organization.
The firm was a great innovation that drastically expanded as movie houses and marketers were attracted by the new innovative stunts. The growing interests in the company were portrayed by the drastic growth after its invention, with its employee base expanding to more than a hundred.
This rule must be the same employees in the USA and for the other international locations. Through consultation with workers and their unions, priorities, and preferences for the nature of compensation should be established, and some local variation may be agreed in the form, though not in the level of non-core compensation offered
nization Behavior Modification is defined as the organized and efficient implementation of behavior technologies in order to enhance or improve performance of employees and workgroups in the company (Mawhinney, 2011; Ugboro & Obeng, 2000). The OBM plan will help to identify and
4 pages (1000 words)Research Paper
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Managing performance in competitive business environment, where human resource is considered as the most vital resources of an organization, is essential for retaining the best talent in the industry by reviewing their performance and rewarding them accordingly…