Discuss the importance of the performance management process and the steps involved. For this assignment, you will create your own performance management plan that includes response to the below :
a. How would you describe your company and employees? For example, what products or services does your company offer, and what tasks do your employees complete?
b. How will you assess employees? (For example, will you use performance appraisals? Will you rank employees?)
c. How will you provide feedback? What type of feedback will you provide?
d. Will you use micromanagement or macro management? What is the decision dependent on?
e. How will you reward the top employees? How will you handle lower-preforming employees?
For each of the above bullets, explain how you will address that aspect of the performance management plan using details and examples.