We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Human Resource Management Mod 5 Case Assignment - Essay Example

Comments (0) Cite this document
Human Resource Management Mod 5 Case Assignment Name Professor Institution Course Date In the current business environment, the success of any organization largely depends on the ability of the company management to implement an effective as well as efficient performance management system…
Download full paperFile format: .doc, available for editing
Polish This Essay95.4% of users find it useful
Human Resource Management Mod 5 Case Assignment
Read TextPreview

Extract of sample
"Human Resource Management Mod 5 Case Assignment"

Download file to see previous pages A competitive advantage is achieved through hiring of talented individuals, placing such individuals in appropriate positions and aligning their individual performance with the objectives of the organization (Carraher, Buchanan & Puia, 2010). As a human resource director of a China-US venture, I would like to address the critical issues that need to be addressed in developing, implementing, and evaluating a performance management system within the organization. Developing a performance management system An effective and efficient human resource system within the organization needs to include a wider scope beyond the human resource profession. This is to ensure that the organization learns more about the evolution of other sciences and their influence on the measurement systems. The foundation of our performance management system should be anchored on three factors including efficiency, effectiveness, and impact (Dessler, 2006). The three factors form the basis within which we will be operating our performance management system. Efficiency entails delivering human resource programs that ensure frugal utilization of organizational resources such as funds and time. We should ensure that our performance management system does utilize the minimum possible amount of resources while promising maximum rewards. In order to ensure effectiveness, the performance management system should impact on employees in terms of improving their overall performance. In the case of impact, we should select the greatest pool of employees in terms of talent and include them in the performance management system to ensure the best results. The second step in the development of a performance management system is the development of performance benchmarks. This stage involves aligning the goals of the organization to the best practices of both the Chinese as well as the American human resource industries. This is to ensure that there is incorporation of standards from the two industries for the sake of the diversified employee workforce. The performance benchmarks should be established in terms of employee satisfaction, organizational performance and customer satisfaction (Carraher, Buchanan & Puia, 2010). The goal of our performance management system should be to perform better than the industry benchmarks hence creating a competitive advantage. The third step is the development of data systems and portals that will collect information on employee performance and relay them to the decision making process for evaluation. Organizational information is one of the greatest assets than organization can have hence the need to develop a comprehensive data system. Our organization will make performance evaluations based on facts hence improving its performance management. The fourth and last step is the development of balance scorecards. The scorecard summarizes all the functions of the performance management system and aligns them to the strategic goals of the organization. It also includes the cost implications of the system. The performance management system will be implemented and evaluated using the balance scorecard so as to ensure that the system remains appropriate to the goals of the organization throughout the two stages. Implementing a performance management system Chinese are the dominant in the organization in addition to the fact that the organization is based in China. This implies that the critical ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Human Resource Management Mod 5 Case Assignment Essay”, n.d.)
Human Resource Management Mod 5 Case Assignment Essay. Retrieved from https://studentshare.org/management/1452135-mgt509-human-resource-management-mod-5-case-assignment
(Human Resource Management Mod 5 Case Assignment Essay)
Human Resource Management Mod 5 Case Assignment Essay. https://studentshare.org/management/1452135-mgt509-human-resource-management-mod-5-case-assignment.
“Human Resource Management Mod 5 Case Assignment Essay”, n.d. https://studentshare.org/management/1452135-mgt509-human-resource-management-mod-5-case-assignment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Strategic Corporate Finance Mod 5 Case Assignment
A company can borrow from a bank or offer stocks and bonds in the open market. It can spend or invest the cash in current or future projects that will increase the worth of the firm and maximize the wealth of its owners. The process of deciding which projects to invest in and which not to is called Capital Budgeting (Brigham & Ehrhardt, 2010).
5 Pages(1250 words)Essay
Human Resource Management Case Assignment
In this case, it means that organizations evaluate individual performance in determining the amount of compensation or bonus rewards. There are three consequences related to the pay for performance compensation strategy and they include: i. Employees with outstanding performances have the potential of getting the greatest rewards.
5 Pages(1250 words)Essay
MGT506 - Strategic Leadership, Mod 5 Case Assignment
A common saying has been circling around and saying that that a good leader must be the people’s worker rather than the ruler of the people. This is just one among the various theories that try to justify and define what a good leader should be in the real sense.
5 Pages(1250 words)Essay
BUS599 - Integrative Project, Mod 5 Case Assignment
So you should have a good idea of what these are from your previous analysis. One Reinforcing Loop Sales demand: This is an example of a reinforcing loop in the food market. In the food market, increasing sales demand before attending to limits of finances may lead to emergency of problems like loses therefore to increase sales demand, one has to attend to the financial limits first.
5 Pages(1250 words)Essay
ITM501, Management Information Systems & Business Strategy, Mod 5 Case Assignment
nagement, for not having a better term, knowledge management must be remembered in forming an IT team or delineating new software or hardware programs. Everyone has knowledge but putting all that knowledge together is what allows us to step ahead of all the others. This paper
3 Pages(750 words)Essay
MGT501 - Management and Organizational Behavior Mod 5 Case Assignment
(Kennedy, 1998). This same generation bring with it other issues that must also be controlled such as office chatter and office politics. Learning how to deal with those and prove to this new generation that you are the leader of choice
4 Pages(1000 words)Essay
BUS503 - Org. Change and Transformation Mod 5 Case Assignment
fore, part of the job of management is to assure that not only have they planned the change, planned for the change, but they have also planned for the resistance. This paper will discuss the resistance to change and their cause and effect in the NASA situation. There are, in
3 Pages(750 words)Essay
MGT509 - Human Resource Management Mod 1 SLP
This paper will take a look at the recruiting, selecting and onboarding processes at the Coca Cola Company today and suggest improvements to some of these
2 Pages(500 words)Essay
MGT509 - Human Resource Management Mod 3 SLP
The Ambivalent Sexism Inventory Scale as developed on the website of Scott Plous, a professor at Wesleyan University traces our biases in our attitude towards women along two dimensions: hostile sexism and benevolent sexism. The first is our negative attitude towards
2 Pages(500 words)Essay
Human Resource Management 323/Assignment#5
Researchers have made efforts to define bullying precisely. Many researchers agree that bullying is an offensive behavior carried out with malice with the purpose of intimidating or hurting the victim. Other bullies seek to humiliate the
8 Pages(2000 words)Assignment
Let us find you another Essay on topic Human Resource Management Mod 5 Case Assignment for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us