Thoery
The goal of the HR system of Performance Management is to enhance employee actions in an attempt to achieve results that conform to the company's goals and visions. Upon studying Performance Management, I drew the conclusion that an effective manager will plan and implement an effective, efficient and comprehensive performance management system. To this end, successful management is tied to an individuals ability create a system in which team members have clear reasonable goals, a sense that they are related to company objectives, have sufficient resources and training, and receive timely useful feedback and constructive criticism. Through my studies regarding performance Management and Cybernetic Theory, I have formulated and broadened my own theories and perceptions regarding the importance of feedback and constructive criticism as it relates to the success of the HR system in attaining its goals and objectives. About a month and a half ago, I took a new job as a manager of The Drink Nightclub. Despite having almost 2 years of management experience, I have discovered that I have had to make several adaptations and learn several new skills in order to achieve the results that are expected of me. Currently, I am very happ
Needless to say, I am very happy with the reward system in place. Moreover, I find that the weekly meetings we have with the other managers in the company to be extremely effectively in delivering and receiving constructive criticism and feedback. During our private meetings, we discuss what I have accomplished in the last week and what I plan to accomplish (what are my goals?) for the upcoming week. Because our weekly liquor sales fluctuate $50 000 per week, a tenth of a percentage amounts to quite a bit. I find that our weekly meetings closely follow the process and ideas outlined in "Managing Team Process" by R. We are both aware that we each get paid a salary to do a specific job and are compensated for any work we do that exceeds what is expected of us. Furthermore, when we are working together on a busy Friday or Saturday Night, he watches me and confronts me when I have a free moment and asks me what I did in the situation he observed and further gives me alternative suggestions in handling a similar situation if it arises in the future. " They state that "when you have a competent, motivated, and trained individuals working as a team, you have a more powerful instrument for problem solving than any one of the individuals alone. As a group we decide which ideas will work best at this given time, but do not dismiss other ideas because they may work best at a later time. For The Drink, reward theory has proven to be very successful in contributing to the attainment of company goals. However, the other manager does not feel threatened by it at all because he receives bonuses in his departments. Our meetings focus on expansive idea generation and feedback. However, my bonus structure is based on performance and targets.
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