Question

Conduct an Internet search to find companies noted for best practices in management development. Describe what these best-practices companies do in management development. What are the similarities across companies? Describe any major differences.

Answer 1

(ANSWER):- Here are world's six Compnies with best practices in management development.

1. ACCENTURE:-

For the purpose of more accurate solution accenture is abandoning the annual review in exchange. The company employees with best in performance management systems tend to be the employees that are the most narcissistic and self-promoting. The new model is designed maintain the ongoing performance discussions between employees and their managers better in company . Accenture had been properly preparing to improve up to 90% of its old methodologies with a new process.Company start rolling out in September 2015. The focus of the company is on immediate performance development, rather than an annual forced ranking based on the past year’s metrics, and is using an internal app to help those within the organization relay feedback.

2. ADOBE:-

Adobe is one of the most known in the spate of performance management improvements. The company has generated the statistics to prove that regular feedback and check-ins make sense. The  turnover of voluntary have been cut by some 30% after the establishment of a frequent check-in program.

3. GOOGLE:-

The performance management strategy of Google has always been fairly nontraditional.Setting goals for the employees has been a n important objective of Google since the beginning Instead being in formal ranking.Google managers continue to refine this strategy to train employees toward creating and achieving their objectives.

4. CARGILL:-

Cargill which is the  food producer and distributor at Minneapolis was suffering from the problem of engaging and motivating its 155,000 employees worldwide. In 2012 company introduced its “Everyday Performance Management” system, which was designed to incorporate daily encouragement and feedback into on-the-job conversations. After the managers constructive feedback company has recorded measurable improvements that was forward-looking, instead of reviewing what had happened in the past.

5. GENERAL ELECTRIC:-

Companies performance management improvement earlier this year is appriciable.Company is still heavily depends on managers, who meet with employees at the end of the year Under this new system . The only difference is that they will be guiding employees and coaching them on their track to meeting their objectives under a much less rigid framework.For delivering more regular feedback Company is also establisng an app .

6. ELI LILLY:-

From a long time Company in progressive inestablishing unique Human Resource best practices and benefits which include job sharing and family help perks. Company leader's tried to adhere to the theme of “trust" by redesigning its performance management process. The purpose of the new process is to empower employees to take more initiative and voice their ideas

The companies have one thing in common which is establishing their focus from dictating what employees should do at work to helping develop their skills as individuals.So that employees can achieve the organisatinal goals in order to enhance the organisational ranking.

The major differences rellies in the methods of developning companies managment system as some companies use feedback method another focus on developnig skills in the employees.