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Performance Management Plan
Jenna Manalo
HRM/531 - Human Capital Management
October 6, 2014
Dr. Dennis Cashman

Performance Management Plan
TO: Traci Golman, Manager, Atwood and Allen Consulting
FROM: Jenna Manalo
DATE: October 6, 2014
-------------------------------------------------
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 needs and spot organizational problems. Using the management by objective (MBO) process establishes objectives that...

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