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Performance Management Framework

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Performance Management Framework
Brian McMorris
HRM/531
May 19, 2014
Tina R. Walker

Performance Management Framework
Performance Management is what an organization puts in place to ensure they are successful and stay in front of their competitors. Managing performance is the most critical task of any executive or manager. When organizations are able to succeed at this task, their performance management processes will allow for communication of their strategies, measurements, reporting and monitoring of progress in order to manage and improve business performance. You can define Performance Management as a set of processes, usually supported by information technology, which is used to improve the strategic decisions people make every day. The quality of employee’s decisions will separate successful companies from the rest.
Aligning Organizational Business Strategy
Businesses strategies are created to track the means in which a business sets out to achieve its desired goals. It can be simply put as long-term business planning. It is typical for a business strategy to cover a period of about 3-5 years. A business strategy is focused on the major resource that will be used to ensure business will be able to perform adequately. Strategies also consider what products to allocate major resources to and how much product will need to be used. Performance Management, strategic and business goals should coincide and flow throughout the organization. Employees should easily observe a direct link between what they must accomplish and the organization’s vision, policy and goals. These should be replicated in each employee’s performance plan as well as in the competencies needed for success. To make sure there is full coverage of all of the important strategic elements; organizations will use performance frameworks for devise strategy. The one most frequently used

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