Performance Management in the Companies BMC and HFO MRA Essay

Performance Management in the Companies BMC and HFO MRA - Essay ExampleA virtual organization is wholeness where managers and employees have appropriate performance management using it naturally in the course of their work. This involves planning as a regular system where concerned parties premise distinct goals of a telephoner. Give feedback to employees and work groups after monitoring and measuring performance on their progress towards reaching their goals. After managers set higher standards to their employees they win care to develop the skills needed to achieve them. Additionally, effective performance management ensures that after the accomplishment of the mission, employees receive their rewards either formally or informally to secern their actions (Performance Management). The importance of performance management is to have a motivated workforce, improved management control, direct financial interest like an ontogeny in sales and reduced costs of production.By adopting performance management, BMC Company has a better management control system that is responsive to employers needs. The online system ensures that BMC Company gets the right hand information to make decisions at all times. It also provides a well-communicated and documented process that simplifies strategic planning. HFO MRA works towards having a motivated workforce that ensures a companys continuity and achievement of goals. The company believes in measurable objectives where every employee knows their role in the bigger picture. This enables a company to achieve its goals.At HFO MRA Company, there is a higher probability of career development than in BMC. In case an employee review is not up to the standards, the company arranges for training for this individual employee. Employees receive superfluous rewards for longevity in terms of holidays which motivate them. The monitoring system is better than in BMC because of the involvement of managers and supervisors who constantly lo ok forward to evaluation without concentrating on previous(prenominal) mistakes. This gives employees a guarantee of their importance in the company. By rewarding employees longevity, HFO MRA ensures that it keeps its employees longer in the company ensuring the continuity of the company.