Imagine that you are the HR Director of your Kuwait business. You have been asked by the company to design and develop a Performance Management System for the company Custom Essay

Imagine that you are the HR Director of your Kuwait business. You have been asked by the company to design and develop a Performance Management System for the company.
1. Business overview
• Company history, type of business, products, services
• Mission and vision statement
• Competitors
2. Performance Management
• Complete definition
• Benefits of performance management
3. KRAs, KPIs and KPSs
• Choose 3 Key Result Areas (KRAs) in the business and for each KRA write 3 Key Performance Indicators (KPIs) and 3 Key Performance Standards (KPSs)
4. Employee Performance Tracking
• Clearly explain 2 methods used to track employee performance (quantitative and qualitative)
5. Performance Standards
• Explain 3 reasons why employees fail to meet performance standards
• What can be done to solve these problems?
6. Feedback
• List and explain different types of feedback with examples
• Explain the benefits of feedback
• How can effective feedback be given?
7. Employee Reward Methods
• List and explain 4 different types of rewards
• Explanation of why each will work
8. Code of Conduct
• Create a code of conduct for your business – at least 5 rules and regulations explained
9. Risk Management Analysis
• List and explain at least 2 types of risks
• Provide an evaluation of the risks
• Provide solutions and management of risks

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