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Performance management, often referred to as PM includes various activities in which ensure that goals are consistently being achieved in an efficient manner. Performance management tends to focus on the performance of an organization, an individual department, an employee or set of employees, or even a product, process or service, as well as many other areas. A strong performance management framework is essential to the success of any business. In order to have a successful performance management plan you must align the framework with your business strategy. It’s important to consider your organizational philosophy, perform a job analysis and from there, determine skills needed by employees. Then, one must decide on methods you will use to measure employee’s skills, determine a process for addressing skill gaps, and an approach for delivering effective feedback. As stated in the communication from Atwood & Allen, we must provide suggestions on how to create a performance management framework that sets our company on the path to success.

Organizational Business Strategy
The business planned discussed with Atwood & Allen determines that we at Bollman hotel chains are planning on making an entry into the international market. The company is currently based out of Minneapolis, Minnesota and is planning on branching out to India. We have approximately 25,000 employees, and we plan to increase our workforce by 20% in the new country. We have an annual net revenue of $100,000,000 and expect our current 15% revenue growth to stay the same, at least for the first year. . Based on historical data, our turnover rate is 5%. We’re forecasting the same rate after the expansion. We believe a well thought out performance management framework will align these goals, encourage employee longevity, and set the foundation for future financial growth.

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