Posted: May 29th, 2023

Ace my homework – Write my paper – Online assignment help tutors – Discussion 2 MGT 520ACT-500-MASTER-Managerial Accounting

Ace my homework – Write my paper – Online assignment help tutors – Discussion 2 MGT 520
ACT-500-MASTER-Managerial Accounting
In your textbook, in Chapter 2, Figure 2-1, page 42, provides an overview of the performance management process and its associated components. There are many critical factors that contribute to the successful implementation of a performance management system. Failure to understand these factors can result in issues for organizations, leaders, and employees.

Consider the scenario below and explain how each aspect of the performance management process, as noted in figure 2-1, can be altered/addressed to ensure employees success.

Scenario

When Amal was hired on for her role as an Administrative Assistant to the Chief Executive Officer, she was thrilled about the opportunity to work for Organization ABC. Unfortunately, the information provided in her job description was limited. After a month on the job, despite receiving two days of training from the person Amal replaced, Amal’s supervisor noticed that her performance was inadequate. Amal’s current supervisor knows that she is a phenomenal worker, based upon past employer references.

Response Items to Address

To ensure Amal’s success, and the success of future employees, what aspects of the performance management process need revision? Also, how can future performance management aspects be successfully addressed?

Hint

When thinking of future performance management components, focus on performance execution, performance assessment, and performance review. When thinking about Amal’s experience in the scenario, think about prerequisites and performance planning.

Directions:

Ace my homework – Write my paper – Online assignment help tutors – Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate.
Your initial post should address all components of the question with a 500 word limit.

Prerequisites and Performance Planning: When Amal was hired, the information provided in her job description was limited. This led to unrealistic expectations of what the role entails. For future hires, job descriptions need to be comprehensive and accurately reflect key responsibilities, performance standards, and expectations. Goals and objectives also need to be established for employees through performance planning so they are clear on what is required of them.
Performance Execution: Amal only received two days of training from her predecessor, which was not enough for her to perform adequately in a new role. Organizations need to provide proper onboarding and training programs for new hires to set them up for success. A structured training plan outlining the skills and knowledge to be developed will help employees perform their jobs effectively.
Performance Assessment: After a month, Amal’s supervisor noticed her performance was inadequate but did not provide feedback or coaching. Regular performance assessments where supervisors monitor progress, provide guidance, and address any issues are important. Feedback should be constructive, specific, and focused on work quality rather than personality to help employees improve.
Performance Review: While the scenario does not mention a formal performance review, these annual or semi-annual meetings are key to evaluate an employee’s past performance and set new goals. For Amal, a review discussing her training needs and areas for development could have identified issues earlier and allowed for mid-course corrections.
To summarize, for effective performance management, organizations need to ensure job roles are clearly defined, provide proper onboarding and training, conduct regular performance monitoring and feedback sessions, and hold formal performance reviews. This will help employees like Amal understand expectations and receive the support required to succeed in their jobs. Proper planning and execution of each stage of the performance management process is important.

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