Purpose of Strategy Planning
In this module, you will examine the components of
Purpose of Strategy Planning
In this module, you will examine the components of a strategic plan and evaluate the relationship between strategic plans and their accompanying performance management systems. You will also explore the strength and effectiveness of compensation and reward systems in a performance management system in relation to organizational goals.
Discussion Question
Question Requirements:
Chapter 3 discusses various aspects of strategic planning. As noted in the textbook, it is important to link performance management to strategy. For this discussion board, please consider the scenario below.
Scenario
You are the newly hired HR Director for a large healthcare organization, which serves elderly individuals. Over 1,000 healthcare employees (e.g., physicians, nurses, etc.) are employed by your company. You have been told, by the leaders of your organization, that the performance management system used by the company is not fully aligned with the organization’s strategic plan.
For this discussion board post, please address the following:
Explain why the job descriptions for all workers must be in alignment with the organization’s mission, goals, and strategies.
Address how you can effectively communicate the strategic plan to all organizational employees.
Why does the organization’s compensation strategy need to be aligned with the company’s strategic plan?
Directions:
Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate.
Your initial post should address all components of the question with a 600 word limit.
Learning Outcomes
Evaluate the design and implementation of performance management systems.
Analyze the components of strategic planning in performance management.
Compare the role of reward systems and their relationship to performance management systems.
Readings
Required:
Chapter 3 in Performance Management: Performance Management Process p. 60-70
Sowa, J. E. (2020). Reinvigorating the spirit of strategic human resource management. Public Personnel Management, 49(3), 331-335.
Sanders, K., Jorgensen, F., Shipton, H., Van Rossenberg, Y., Cunha, R., Li, X., Rodrigues, R., Wong, S. I., & Dysvik, A. (2018). Performance‐based rewards and innovative behaviors. Human Resource Management, 57(6), 1455–1468.
Recommended:
Chapter 3 PowerPoint Presentation from Performance Management
The, E. (2020, January 30). How to implement a new performance management plan. Rise. Retrieved from https://risepeople.com/blog/performance-management…