Performance management plan Essay Example | Topics and Well Written Essays - 2750 words

Performance management plan - Essay Example Conclusions and recommendations 11 7. References 13 8. Appendices 15 I. Tables 15 II. Figures 17 Executive Summary: The report is an analysis of performance management system at the multinational IT giant Accenture. The analysis was carried out on the basis of learning from literature related to a comprehensive performance management. Literature teachings highlight following points about effective performance management: 1. Performance management is a comprehensive process of assessing organizational performance with respect to all its stakeholders. 2. The Balanced Score Card system provides a comprehensive and flexible framework to translate organizational strategies to measurable objectives. 3. The Management By Objectives approach provides a good model to manage performance at individual level. 4. Performance measurement is only a part of performance management. 5. Performance management comprises of all activities that enhance employee motivation, commitment, performance and lear ning. Thus, approaches such as performance appraisals, performance development plans, feedback, performance review etc should focus towards enhancing employee commitment, motivation, performance and learning. These points have been applied to performance management system at Accenture in order to assess its, and the same is validated with information obtained from web sources related to the company. 1. Introduction Effective performance management