The Ideal Performance Management System Essay -- Management Performan

A comprehensive performance management system will be thorough, inclusive, practical, meaningful, reliable, open, ethical, and correctable among other qualities (Aguinis, 2013). Additionally, the process of managing performance will be an ongoing process to include processes such as coaching and employee development. An ideal performance management system will serve an organization by developing satisfied and competent employees who are actively engaged in aiding the organization to reach their strategic goals, mission, and vision. Consideration of an ideal performance management system for a college of business shall be discussed to include the organizational strategy, systems, implementation factors, and employee development components. Organizational Strategy The primary objective of performance management is to assist organizations to achieve their strategic goals (Aguinis, 2013). These strategies initiate from the organizations vision and mission statements (Johnson, 2013). The performance management system, if effectively developed, will join unit and individual goals with the overall organizational goals so that all parties are working to achieve the same purpose (Aguinis, 2013). An additional benefit can be derived from the performance management plan because it serves to secure employee engagement in the organizational objectives (Aguinis, 2013). At the College of Business, the organizational purpose, vision, and mission are modified to adequately serve these objectives. Organizational Purpose The College of Business is committed to success. The success of students is a primary focus of this organization as a school of business. As an AACSB accredited college, the organization stands well positio... ...ormance appraisal look like? Journal of Applied Business and Economics, 12(1), p. 57-71. Oberoi, M. & Rajgarhia, P. (2013). What your performance management system needs most. Retrieved from http://businessjournal.gallup.com/content/161546/performance-management-system-needs.aspx Society for Human Resource Management. (2012). Performance management: Can our company’s vision and values be reflected in our performance management system? Retrieved from http://www.shrm.org/TemplatesTools/hrqa/Pages/Canourcompany%E2%80%99svisionandvaluesbereflectedinourperformancemanagementsystem.aspx The Deming Institute. (2014). Theories and teachings. Retrieved from https://www.deming.org/theman/theories/fourteenpoints University of Cincinnati. (2013). Vision, mission, and core values. Retrieved from http://www.uc.edu/business/index/about-us/vision-mission-and-core-values.html