Implemented performance management system

Assignment Help Operation Management
Reference no: EM132673229

Accounting, Inc. is a consulting and accounting firm headquartered in Amsterdam, the Netherlands. Recently, Accounting, Inc.

Implemented a performance management system. The first step in the implementation of the new system was the development of a set of core competencies that would be used to evaluate most employees, regardless of function or level. In addition, each employee was evaluated using more job-specific performance dimensions.

As the first step in the communication plan, the employees received individual email messages, asking them to define what the core competencies meant to them and to give descriptions and examples of how each of the core competencies played out in their specific positions. Next, the company held meetings, handed out frequently asked questions (FAQs)

Sheets, and placed posters around the company, detailing how the core competencies were related to the organization's strategic priorities and how performance scores would be related to monetary rewards. In these communications, Accounting, Inc., detailed how the performance system worked, how the raters were chosen, how performance feedback was used, and other details about the system. The information also outlined the benefits employees could expect from the new system as well as employees' responsibilities regarding the system.

Please evaluate Accounting, Inc.'s communication plan.

Evaluate Accounting, Inc.'s communication plan. Answer these questions:

1. Specifically does the plan answer all of the questions that a good communication plan should answer?

2. Which question(s) are left unanswered?

3. How would you provide answers to the unanswered question(s) (if any). Why?

Reference no: EM132673229

Questions Cloud

What is the amount of the tax preference item : The option price was $130 and the fair market value was $130 on the date of the grant. What is the amount of the tax preference item
What compensation deduction is Andro Corporation allowed : Andro Corporation sold 500 shares of its stock to Nombeko, an employee, for $100 per share. What compensation deduction is Andro Corporation allowed
Which accounts are debited and which are credited : Cost of the sale of merchandise to a customer on account for $800, which cost $500, by selecting which accounts are debited and which are credited.
Why is organizations effort necessary : Right-size their information foot-print, using data governance techniques like data cleansing and de-duplication. Why is this effort necessary
Implemented performance management system : Implemented a performance management system. The first step in the implementation of the new system was the development of a set of core competencies t
Compute the monthly installments on the mortgage : Compute the monthly installments on the mortgage. What is the outstanding principal balance of the mortgage after 5 years (i.e., after 60 installments)?
Identify and describe one of the financial markets : Provide an example of the investment and financing decisions that financial managers make. Identify and describe one (1) of the financial markets.
For what amount will the corporation be denied a deduction : Robin, an executive, receives a golden parachute payment of $600,000 from his employer. For what amount will the corporation be denied a deduction
Reliability-validity in conjunction with employee selection : Discuss both reliability and validity in conjunction with employee selection.

Reviews

Write a Review

Operation Management Questions & Answers

  Favorable service characteristics of motor carrier

What are the favorable service characteristics of a motor carrier?

  Are any of the vertical value chain operations off-shored

Draw out the vertical value chain for your firm’s industry. List the major firms in each important activity along the chain. Note that a firm’s name may appear multiple times in the value chain. Is your firm highly vertically integrated? If yes, does..

  Explain the concept of the expected-value decision rule

Explain the concept of the expected-value decision rule. In your discussion, review how the expected-value decision rule played a part in a recent decision you made.

  Why do companies care about ethical behavior

Why do companies care about ethical behavior? Why is it important for companies to develop a code of conduct?

  What are the main methods of process improvement

What are the main methods of process improvement in healthcare and demonstrate your understanding of The Model of Improvement healthcare  with an example from your experience?

  Make callaghan added promise enforceable

Gregory agreed to buy an unframed oil painting from Callaghan for $489. Later, Gregory asked whether Callaghan would frame the painting at no additional cost. Callaghan agreed. Would Gregory have to provide additional consideration to make Callaghan’..

  Human resources textbook including donald super model

Cringes every time she sees a human resources textbook including Donald Super's model, which attaches ages to career stages.

  Mortgage has quoted interest rate

Your aunt sold her house on Dec 31, and to help close the sale she took a second mortgage in the amount of $10,000 as part of the payment. The mortgage has a quoted interest rate of 10%; it calls for payments every 6 months, beginning on June 30, and..

  The supply chain for the primary beneficiary demand

Should supply chain for secondary support items be the same as the supply chain for the primary beneficiary demand?

  Marketing-products was in the product life cycle

Marketing - Imagine that you're a product analyst working in a consulting firm. Your job is to evaluate where various products are on the product life cycle curve. Determine where each product is today in its product life cycle. Explain the elements ..

  Most effective corporate governance mechanism

Which is the following represents the most effective corporate governance mechanism?

  Analyze the inventories

Looking for OPM 500 Case 2, that answers this question. Analyze the inventories that are used to produce the Plasti-Brack product line. Determine an appropriate plan for improving the inventory situation. Justify your plan. Write a report to the VP o..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd