Ilsc business college bsbmgt502 assessment version

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ILSC Business College: BSBMGT502 Assessment Version 2.0518 Page 10 of 25
IMPACT TRIVIAL MINOR MODERATE MAJOR EXTREME PROBABILITY RARE Low Low medium High Medium UNLIKELY Low Low Medium Medium High MODERATE Low Medium Medium High High LIKELY Medium Medium Medium High High VERY LIKELY Medium Medium High High High RISK MANAGEMENT ASSESSMENT Risk Severity Likelihood Risk Rating Control methods Don’t speak about the conference outside the company with people who really don’t work there High 15%-30% Improbable High Information could have the competitors -Sign a confidentiality clause -take a legal action Giving information about the meetings or the clients and disclose personal data Major 30%-50% Possible Medium take a legal action Internal Audit Don’t achieve the goals that we have made at the beginning of the project Minor <15% Low Performance evaluations Oral and written reports Ratio analysis Insufficient planning time High 15%-30% Medium Statistical Control Break-Even Analysis Task 5. Describe why each component of the performance management and review process below used in your department is important. ILSC Business College: BSBMGT502 Assessment Version 2.0518 Page 11 of 25
PERFORMANCE MANAGEMENT PROCESS (or SYSTEM) Process Description (what is it aimed at) Recruitment Good recruitment is vital for every organisation - finding the right people for the right roles at the right time. It ensures that the workforce has the relevant skills and abilities for the organisation's current and future needs. Effective resourcing is not just about filling an immediate vacancy but about having an impact on the long-term success of the business, using workforce planning data to understand what skills are needed for organisational performance. 1 Development/Training Ensures that knowledge and skills stay relevant and up to date. It also allows employees to be more aware of changing trends and directions in bizOps Coaching The objective is to achieve effective results, motivate and satisfy employees, regardless of the position they have in the company. In the process of business coaching, the figure of the coach is also very important, as he is the leader and the one in charge of growth personal and professional of his team and himself Monitoring/review In our company we are monitoring the feedbacks from our customers and always improving day by day for our clients. Also, Monitoring and evaluation helps with identifying the most valuable and efficient use of resources 2 Termination It is important because you need to be focused if the employee’s performance below what Is required for the job or even if they are not achieve their goals. Task 7. Evaluate, rate and document Sharon’s performance results over her first three months using her position description, performance standards and measurements. You should also include the KPIs previously developed for her. You can take liberties here to assess her situation . Please not only mark her as Satisfactory or Unsatisfactory but also provide brief explanation .

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