Performance Management - Research and Assessment Term Paper

Performance Management - Research and Assessment - circumstance Paper ExampleSM Energy Company has a goal computer programning sessions which undertakes development of goals by the employees which be later approved by managers (Aguinis, 10).The business strategy in SM energy is through through cascading goals in order to support the process of performance management effectively and efficiently. Board of directors is the ones who sets and approves the goals and the goals are communicated to the organization by the management. The company has formulated preparedness and education for workers which are formulated based on performance management. Performance management is an ongoing activity. Each employee should be kept updated thus why training is vital (Rausch, 34).SM Energy employees views performance management as effective and fair because they do not dispute its process. Evaluation of performance is through with(p) twice per year. Employees should be clearn the chance to gi ve their opinions concerning performance management thus enhancing the handling performances issues that are difficult.Poor performance is well addressed in SM Energy Company. It is majorly based on progressive discipline. Before taking disciplinary actions, coaching is done first and later performance improvement plan is used to address the line. Performance improvement plan is described as a structured document that discusses mainly the problem or the influence of the problem on department, person or the organization. It acts as a letter of warning before one is concluded from the organization.There are several bank bill that SM energy company employs like any other(a) organization to determine whether the performance management process is effective. The first one is that at the end of distributively year they observe the distribution of ratings. This means that majority of the employees are meeting their set goals. Another measure is Lake Woebegone effect, this is the feelin g that each person should be above average