Implementing a formal performance evaluation process

Reference no: EM133202289 , Length: Word count: 2 Pages

Assignment Task: Review the research you and your classmates did in the discussion relevant to change and in this week's discussion relevant to motivating employees. Look for patterns and connecting concepts. For example, during a period of change, what was most motivating for employees? Then review the chapter videos on performance evaluations, personality factors, and perceptions. Finally, construct a plan that you feel would most effectively motivate the human capital in the company you have been researching for your final project.

Your submission should address the following requirements:

1. Explain whether you will or will not implement a formal performance evaluation process and defend why or why not.

2. Describe reward system you will use to motivate your employees, in detail, and why you have included each element (base pay, commission, bonus, stocks, benefits, holiday, vacation, etc. (the list is endless, so be creative!).

3. Describe your approach to rolling out and managing the change process required to transition from the current reward system to your new system.

a. What strategies will you use to manage the change?

b. Will you be transparent in your communication or does some compensation information remain confidential?

c. What are the most likely roadblock or resistance to change and how will you plan proactively for success?

Your third milestone submission should follow APA format, be well supported with a minimum of five recent sources, and be a minimum of five pages long.

Reference no: EM133202289

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