...Framework – Landslide Limousine HRM/531 February 3, 2014 Thea Miller Performance Management Framework – Landslide Limousine MEMORANDUM TO: Bradley Stonefield FROM: Atwood & Allen Consulting DATE: February 3, 2014 Subject: Performance Management Framework A strong performance management framework is essential to the success of Landslide Limousine. In order to have a successful performance management plan you must align the framework with your business strategy, consider your organizational philosophy, perform a job analysis to determine skills needed by employees, 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. In this memorandum Atwood & Allen will provide suggestions on how to create a performance management framework that sets Landslide Limousine on the path to success. Organizational Business Strategy In previous communications you informed Atwood & Allen that you want to start a Limousine business in Austin, Texas and that your business strategy is to provide first-class personal transportation to your customers. Additionally, you stated your anticipated first year net revenue will be approximately -$50,000, you expect a 5% net revenue increase over the next several years, and you estimate a 10% turnover rate. Based on your short-term and long-term goals Atwood & Allen believes Landslide Limousine has realistic...
Words: 1116 - Pages: 5
...Reflection/Training Plan Week 5 One of the best practices for a business is to have a solid need assessment, training method and training evaluation practice in place. In this paper we will go over the following: * Needs assessment * Environmental analysis * Organizational analysis * Demographical analysis * Operational analysis * Individual analysis * Training methods * Types of media * Learning principles * Training for learning skills or facts * Effectiveness of methods * Training evaluation strategies * Criteria * Pretests * Monitoring and observing training * Collecting feedback * Implementing feedback Needs Assessment Environmental analysis The purpose of the assessment phrase is to define what employees should learn in relation to job behavior. (Cascio 2013) For example with Landslide limousine all job duties and description should be defined and there should be training in place to make sure of the employees success. Organizational analysis Focuses on identifying whether training supports the company’s strategic direction, whether managers, peers, employees support training activity and what training resources are available. (Cascio2013) So with your current budget as a startup company we recommend you be conservative with your training since resources will be limited. We suggest a lot of training should be grassroots or hands on training. Demographical...
Words: 2266 - Pages: 10
...Landslide Limousines Performance Management Framework HRM/531 Professor Butler 2016 Introduction While creating a performance management framework for Bradley Stonefield of Landslide Limousine, it is important to take a look at the six characteristics that are a part of the process. It is also important to incorporate the four levels of training assessment when developing a comprehensive job analysis. The recommendations being provided for a performance management framework are also associated with the organizations business strategy put forth by Mr. Stonefield. As previously discussed the limousine service will be located in Austin, Texas with 25 employees planned during the first year. The Annual net revenue is expected to hit $50,000 with a revenue growth of 5% for each year after the first year. Mr. Stonefield has now predicted an annual employee turnover rate of 10% for the company. Using this information, a performance management framework was created to pinpoint the skills needed by the employees, organizing performance philosophy, and a job analysis process. This framework helps Landslide Limousine in describing and outlining procedures used to determine employee skills with an approach that also delivers effective performance feedback. Performance Management Framework and Business Strategy It’s important when creating a performance management framework that the framework goes along with the organizational business strategy. During his meeting Bradley Stonefield...
Words: 1237 - Pages: 5
...Performance management framework for Landslides Limousines HRM/531- Management Due: 10/19/2015 Instructor: Performance management framework for Landslides Limousines In a world of competitions, mergers and acquisitions, one constant fact remains; the quality of workforce as a major determining factor in a company’s success. Indeed, global competition has forced many companies to review their employee retention policies and strategies. In fact, talent acquisition and development have led to many business expansion while newly created companies are looking for the best model of talent retention. Our proposal to support Bradley Stonefield new business of Limousines services will be centered on diverse aspects of employee performance management. Mr. Bradley, many companies fail to align their business strategy with their workforce strategy but our recommendation will avoid this pitfall. Let us revisit the key business strategies of Stonefield Limousines Company. First, your exclusive use of a fleet of Hybrid and electric cars is a testament to your desire to have less impact on the environment and save the earth for future generations. Second, the use of technology as a way to secure rides helps Stonefield Limousines stay competitive in a market dominated by powerful ridesharing applications like Uber and Lyft. Third, the use of metrics to grade every single ride is a strategy at the heart of your customer service approach because the more data your business...
Words: 1018 - Pages: 5
...Management Hello Traci, I am delegated with the duty of developing a performance management plan, using the current organizational strategy to increase performance and identify performance gaps. Landslide Limousine is anticipating to have a -$50,000 revenue for the first year and expecting revenue growth of 5% each year. With 25 employees, Mr. Stonefield is estimating a 10% turnover rate annually for the business. It is essential to develop a performance plan to maximize performance and minimum the turnover rate. To develop a strategic performance plan, I will expound on the alignment of the performance management framework to the organizational business strategy and the organizational performance philosophy. I will also complete a job analysis process to identify the skills needed for the employees and define the methods for measuring the employee’s skills. Additionally, the performance management plan will include a process for addressing skill gaps and develop the approach for delivering effective performance feedback. Performance Management Framework to the Organizational Strategy According to Cascio (2013), “[p]erformance management requires willingness and a commitment to focus on improving performance at the level of the individual or team every day” (p. 359). It is essential to define what performance is to ensure Landslide Limousine employees understands what is expected. It is recommended that Mr. Stonefield administer performance appraisals, as they can serve as...
Words: 1740 - Pages: 7
...Performance Management Plan India C Harris HRM/531 March 30, 2015 Dr. Sanders Performance Management Plan Traci in the content of this paper is some recommendations to increase performance based on current business strategy regarding client Landslide Limousine Inc. Several areas relating to performance management will be highlighted and solutions of improvement identified. It is imperious to develop a strategy to increase performance and decrease the anticipated turnover rate of less than ten percent. To accomplish this task, I will identify key concepts that should be implemented within Landslide Limousine Inc.’s overall performance management plan. Alignment of the performance management framework Performance appraisals offer an important role in the global objective of performance management. To assist employees with the improvement of organizational standards and realize their full potential, a performance appraisal serves as a valuable tool; it provides information to both employees and managers for more accurate decision making. Appraisals identify strengths and weaknesses within an employee’s current position to see if further training is required or a promotion can be offered. Appraisals also provide feedback to employers by providing attention to developmental needs and highlight organizational issues. The management by objective (MBO) process establishes benchmarks employees are required to accomplish; it sets amenable standards by both employee...
Words: 1207 - Pages: 5
...Wilkins Performance Management Plan To: Bradley Stonefield Landslide Limousine Service Austin, Texas From: Atwood and Allen Consulting Date: 08 June 2015 Subject: Performance Management Plan Per our telecom, we have created a strategic performance management plan that will be crucial to the success of your organization, Landslide Limousine. The performance management plan that has been written will work in parallel with your business strategies to ensure a successful business operation. It is essential to define methods the company will use to measure employee’s skills, address skill gaps, and an approach for effective feedback. Atwood & Allen Consulting will provide information on creating a successful performance management layout for Landslide Limousine. Organizational Business Strategy As we have previously communicated, your aspiration to open Landslide Limousine in Austin, Texas has been articulated in detail. The strategy for Landslide Limousine is to arrange for topnotch transportation for customers on a multifarious level. Atwood & Allen have confidence in the businesses short-term and long-term goals are realistic. A strategic performance management plan will align the company’s goals, set the foundation for financial growth, and encourage employee loyalty. Organizational Performance Philosophy Landslide must recognize their organizational performance philosophy by creating a robust strategic...
Words: 1087 - Pages: 5
...Consulting have been working with Landslide Limousine with their Employment Law Compliance Plan, and their Compensation and Benefits Strategies recommendations. Next, we will like to explore a Performance Management Plan. According to the video, Performance Management 2014 by the University of Phoenix, “Performance Management Systems helps to achieve objectives in the strategic plan. It aligns all of an organization’s resources to achieve the best possible result. It is the process of creating a work environment where employees can perform to the best of their abilities.” Performance Management also focuses on teams and the organization as a whole. Atwood and Allen Consulting will begin assisting Landslide Limousine in this area. According to Cascio 2013, “At a general level, the broad process of performance management requires that you do three things well: 1. Define performance. 2. Facilitate performance. 3. Encourage performance.” Defining performance Landslide Limousine want to ensure that during the interviewing process, they clearly define performance. It must be understood by the employees what is expected of them. In Cascio 2013, it states, “A manager should pay attention to three key elements and they are goals, measures and assessments.” When employees have goals, they have a target they are aiming towards. They know exactly what they are trying to obtain or achieve. Therefore, it is imperative for Landslide Limousine to outline what performance means...
Words: 1207 - Pages: 5
...Landslide Limousines: Performance Management Plan N’Jheri N. Price HRM/531 Bradley Stonefield, the business owner of Landslide Limousines; a luxury car service in Austin, Texas started his business with 25 employees and expected $50,000 in annual profits. He intends to gain an increase of 5% over the next few years. His expected turnover rate is relatively low for the size of his organization (10%). However, in order for Mr. Stonefield to attain a level of success he wishes for his new business, and perhaps significantly lower his turnover rate, he must establish a set of guidelines to facilitate his efforts. This guide is a performance management plan. The performance management plan is a guide that will enable a high level of success and provides means to measure the effectiveness of business operation or employees. The performance management plan is a key component to the success of any organization usually established by the executive staff. In this case Mr. Stonefield and his business colleagues are at the executive level. They will outline key performance strategies, financial needs for operations, align goals and responsibilities for individuals in the company, and collect performance data from the different departments. The performance management plan is important as it can collect data and analyze the information against predetermined guidelines, goals, or objectives; usually specific to the task or function being reviewed. Individual goal and responsibilities...
Words: 1876 - Pages: 8
...Compensation and Benefits Strategies Recommendations Matthew High, Levuris Smith, Clinton Fowler Hrm/531 November 11, 2013 Samuel Hall Compensation and Benefits Strategies Recommendations In modern business different types of resources are used to accomplish company goals and compete in the marketplace. None of the other resources are as diverse and difficult to control as the human resource. Humans are needy and greedy. They need benefits and desire compensation. This makes it hard to control and maintain a stable workforce. This is why companies offer benefit packages and compensation to employees. Landslide Limousines is no exceptions to compete in the transportation marketplace they must maintain their employees and hold their skill personnel. In this paper, several recommendations benefits and compensation packages shall be made for Landslide. Results of a Market Evaluation On account of tight competition, hiring qualified and experienced limousine drivers in Austin, Texas for a small start-up business is challenging. Austin has a large number of competing limousine businesses operating in or near the Austin area. 441 competing companies in Austin create a number of issues when it deals with human resources. Among the problems one could expect in this market is high employee turnover because to low wages. Another factor to consider is the tightening of the US job market in current years. The number of qualified applicants is decreasing as the US economy improves...
Words: 1628 - Pages: 7
...Performance Management Plan Damon Perry HRM 531 July 5, 2014 John Henderson Performance Management Plan Creating a framework for performance management includes taking the steps to ensure that Landslide Limousines is a successful business venture. A performance management plan is an essential tool for a company to use as a structured interaction between a manager and a subordinate. It provides the opportunity for the individual success of all its employees, and the longevity of the company. Below are recommendations that Atwood and Allen consulting feels should be utilized to maximize the potential of Landslide Limousine. Performance Management In order for any business to become successful it is important for companies to implement a performance management framework. An effective framework allows the company to ensure goals are met, and internal decisions are made based off of employees work performance. Performance management aligns with the business strategy because the business strategy displays the vision and goals set by the company, and the performance management framework is another tool. This framework is also useful in measuring and ensuring goals are understood, and employees are given the best chance to succeed and help the business achieve its goals. (“Performance Management Framework”, 2013). To put together an effective management plan, you must include the five steps to an effective performance management plan: (1) setting expectations, (2) continuously...
Words: 1006 - Pages: 5
...WEEK FOUR HRM/531 September 30, 2013 Week Four While implementing a Performance Management Framework (PMF) for Landslide Limousine Service, who intends on expand their business to Austin, Texas, it is important for the company to understand why it is not only important, but necessary to implement this particular framework as a part of the company’s organizational business strategy. When establishing a new business, we highly recommend you start building this business venture by creating a framework for performance management. It’s vital that the framework include relatable employee job skills, the methods used for measuring these skills, the process for addressing skills gaps, and the approach for delivering effective performance feedback. Alignment of Performance Management Framework In Oder for any business to become successful it is important for companies to implement a performance management framework. A performance management framework (PMF) allows the companies to ensure goals are met and internal decisions are made based off of employees work performance. Performance management aligns with the business strategy because the business strategy displays the vision and goals set by the company and the performance management framework is another tool. This tools is use to measure and ensue these goals are understood and employees are given the best chance to succeed and help the business achieve their goals. Organizational performance...
Words: 1519 - Pages: 7
...Performance Management HRM/531 August 24, 2015 Performance Management This email serves as a recommendation for performance management for Landslide Limousine. The email was designed with the intent to increase performance at your organization based of your current business strategy, and the information the owner has provided Tracy. Looking at the organization there are many areas that can be improved and areas where performance management can increase. The new performance management plan will be based off of these areas. During Traci’s last phone conversation with Bradley Stonefield we were able to confirm key pieces of information to this performance plan. We know that the type of business is a Limousine service, and the business location is Austin Texas. We know that Bradley has a plan for 25 employees and he is predicting a 10% annual turnover rate. We know that he is expecting a -50,000 annual net revenue this year, with 5% growth for a couple of years. Ideally we would like to maximize performance to meet or exceed the 5% expected growth, and we would like to minimize the turnover rate to less than ten percent because turnover can be very costly. Aligning the performance management framework to the organization business strategy, Outlining the organizational performance philosophy, and detailing the job analysis, understanding the methods used for measuring an employee’s skills, outlining the process for addressing skills gaps, and outlining...
Words: 1663 - Pages: 7
...efficient method of performance management. According to Cascio (2013), performance management can be thought of as a compass (pg. 332, para. 3). A compass will indicate current location and be a guide towards a desired direction. Thus, performance management helps businesses understand the current state of an employee’s performance and the desired outcome and direction in which to monitor and measure. Ensuring that an employee’s efforts are having a positive effect on business strategy becomes a key component of performance management. Moreover, human capital and performance management involves understanding how to align human capital management efforts to business strategies. Therefore, understanding how to align limo driver behaviors towards business strategy will be an indicator of the effectiveness of Landslide’s Limo performance management system. To facilitate the effort of recommending a performance management plan several issues will be addressed. First, how to align performance management to business strategy will be examined. Second, the philosophy of the organization performance will be explained. Third, a job analysis process will be conducted to identify the skills needed by employees and methods for measuring those skills will be detailed. Next, the process or processes for...
Words: 1821 - Pages: 8
...------------------------------------------------- SUBJECT: Performance Management Plan for Landslide Limousine’s Greetings Traci, Thank you for this opportunity again to work with you and Mr. Bradley Stonefield on recommendations for his new company, Landslide Limousine’s, that he is opening in Austin, TX. Here is what I know so far about Landslide: 1. -$50,000 in revenue for the first year 2. Planning on 25 employees (administrative and drivers) I will be putting together some recommendations based on the current business strategy for a performance management plan that will be used to identify areas of improvement and areas of expertise. I have put these strategies together with the following in mind: 1. Maximize performance 2. Minimize turnover to 10% or less In order for me to do this, I will need to look at the topics listed to define the companies overall performance management plan. Alignment of the Performance Management Framework to the Organizational Business Strategy Performance appraisals are an important part in the overall objective of performance management. Performance appraisals serve as a tool to help employees improve their overall standards by helping them realize their full potential. It also provides information to employees and managers for decision-making. Appraisals provide reasons employees change positions rather if they need more training or promotion or need to be let go. They provide feedback to employees, provide developmental...
Words: 1268 - Pages: 6
