Clapton Commercial Construction is currently located in Detroit, Michigan and planning to expand its business in Arizona. The company has net revenue $10,000,000 and expected to stay the same revenue growth at -3 % at least for the first year. They have 650 employees and add additional 130 employees to a new office in Arizona. The company’s turnover rate is at 20% and they try to remain at the same rate after expansion in Arizona. Our team will provide them with a performance management to achieve their business success into the Arizona market.
Business Objectives
The first step for performance management is the business strategy. Managers and employees need to define their goals and set them up with the mutual goals. The process of establishing the strategy must be a collaborative work between managers and employees. Once establishing the strategy, the company should focus on the goal. There is main task of a performance management for Clapton Commercial Construction.
• Reduce turnover rate by 10% within the first of the fiscal year.
Due to expanding to Arizona, it might be difficult for managers and employees in Detroit, Michigan to follow up their new strategy. There will be new 130 employees in Arizona and the company makes sure to help them fit in the company’s frame and philosophy. This process will be accomplished by temporary or permanent transferring employees from Detroit HQ who provides high efficient training, job performance and company’s culture.
In addition, managers will keep communicating with new employees in Arizona. Managers need to encourage their employees’ progress in order to increase employee’s productivity. It is important for the managers and employees to ensure their own goals on the right step. This performance will be an initial process to reach their goal in the first year and success their business in the new market area.