MIDNIGHT. In this group assignment we evaluate your ability to design a Performance Management System (PMS) in a business context Your group will create a fake company, imagining the organization is brand new. Your HR department has been tasked with creating a PM system to kdentify, measure, and develop all employees and the leadership team Step 1 Create Your Business - Your group is to create a fictitious organization being clear on its size, location, and industry. You may also consider adding additional information about your firm which may be relevant in supporting your PMS design - Be sure to identify the company's vision and mission statement. - As a group, decide what values are important to your organization (ie. workhife balance, customer satistaction, quality of work, opportunity for growth) Make sure to define these values in your write-up. How would your group reflect these values when measuring performance? Ster 2 Performance Management System Design - Your next job will be to design a PMS that you feel would best suit your organization. Will you use a results approach. behaviour approach, or both? Why? A suggestion would be to align various PMS purposes, values, and/or characteristics, which best amplify the culture you wish to create. Be sure to identify the culture of the organization. - Select one (1) aspect per group member of the PMS that your group will focus on. For example, you may choose to review the reward system, competencies, accountabilities, appraisal system, performance reviews, coaching Step 3 Select Aspects to Focus On - List challenges and strategies of each asnect (provcon list) - How would your HR department (if one exists) implement each aspect? How do they align to your companies' practices? How would you measure performance of each aspect for employees and for management? You may consider including some of the obstacles or barners you may face in ensuring successful implementation and/or day-to-day operation Step 4 Overall Considerations - Identify and list how your PMS and practices impact the overall motivation of your employees. What would motivate them to perform effectively and to achieve their personat and organizational goals? - Also, consider the strategy you would use in the design, implementation, and operation of your PMS NOTES: - Every company is different so dont be afraid to explore different approaches. If you design a company that has many Show Your Creativity existing competitors, be sure to articulate your differentiating factors. If you design a company that has no competitors, be: sure to articulate why there is a need for your company - There are many ways to present this assignment - from the perspective of HR, company owners, how to attract top talent, elc Consider your compary's go-to-market strategy. Who was asked to put this presentation together? - Any forms, process maps andior supporting documentation that your group has designed are to be included as attachments to your assignment. Ensure that you refer to your attachments or they will not be taken into consideration - Submit your assignment as one cohesive proposal You may do so in Microsont Word, Excel, PowerPoint, or any other computing software like Adobe Spark General Guidelines - Cover page, 12-point type, APA format, double-space, single sided, 1-inch margins and proper grammar and spelling if you use MS Word - You may consider presenting the assignment in creative formats (ie. using video, graphic design) - Plagiarism will not be tolerated. - Late penalty - assignments are due by midnight of the due date unless students have communicated a need with their Professor in advance. 5% late penally per day to a maximum of 35% deduction for late submissions. - Single submission will not be accepted and/or receive a zero grade unless previously negotiated - Students who do not select group members wilr have their teammales selected for them - A peer evaluation will be provided, which may impact individual marks at the discretion of the Professor - Students seeking assistance on this assignment are encouraged to reach out to their Professor - This assignment will be evaluated using the marking rubric found below (worth 100 marks). Any concems andior discrepancies must be submitted via email prior to the end of the semester