examine the key components and strategies involved in designing an effective performance management system that fosters goal alignment and facilitates employee growth. Additionally, you’ll discuss the benefits of such a system and provide practical considerations for its implementation using the job you have identified in previous module assignments.  For this paper, consider the following questions: ·         Why are performance management systems important?  What are the benefits? ·         Considering the job you identified in previous module assignments, what are the Key Performance Areas (KPA) or Key Results Areas (KRA) for this position? How do the KPA/KRAs align with the organizational goals? What supports are needed to enhance the employee’s performance? ·         How do you propose measuring the KPA/KRAs? Describe your proposed assessment procedures and annual timeline cycle. ·         How would you address performance that does not meet expectations? ·         What organizational factors  must be considered when implementing a new performance management system? What resistance might you encounter?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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examine the key components and strategies involved in designing an effective performance management system that fosters goal alignment and facilitates employee growth. Additionally, you’ll discuss the benefits of such a system and provide practical considerations for its implementation using the job you have identified in previous module assignments.

 For this paper, consider the following questions:

·         Why are performance management systems important?  What are the benefits?

·         Considering the job you identified in previous module assignments, what are the Key Performance Areas (KPA) or Key Results Areas (KRA) for this position? How do the KPA/KRAs align with the organizational goals? What supports are needed to enhance the employee’s performance?

·         How do you propose measuring the KPA/KRAs? Describe your proposed assessment procedures and annual timeline cycle.

·         How would you address performance that does not meet expectations?

·         What organizational factors  must be considered when implementing a new performance management system? What resistance might you encounter?

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