Allison found several job duties that were listed on her subordinate’s job description which are no longer part of the job. Also
, the company recently updated its strategic plan. Based on the new plan, Allison will add some related job duties to her subordinate’s job and communicate with her subordinate about the changes. Allison is engaged in
Performance Management refers to the systematic process that is involved in managing and monitoring the employee's performance and weighing it against their key performance parameters or goals such as Allison dies above with her subordinate. It has the goal of making sure outputs meet organization's goals efficiently and effectively. It may focus on the individual,organization, or other processes for particular tasks.
Explanation: Performance management refers to the strategic approach of meeting organizational demands and objectives. It usually involves a continual communication cycle between supervisors and employees by defining organizational objectives, clearly stating expectation required from the employee and providing regular feedback.
In the scenario above, job duties may continually change due to organizational demands and goals, therefore the development or update of job duties, replacing redundant with new demands. Thus ensures that performance level is in line with organizational demand and performance is kept at an acceptable level.
Explanation: profit equals the total amount of money made minus the production cost. In financial terms, you have a profit when the amount of revenue gained from a business interaction surpasses its expenses as well as cost and taxes.
