Study On Performance Management Of LC Project Management Company

With economic globalization and upgradation of marketing competition, the competition among enterprises is finalized into the competition on human resources. And HR competitiveness primarily comes from performance management, which is as the quintessence of human resource. Thus, the best way for the company to gain the dominance ahead of its adversaries is to establish an adaptive and efficient performance management mechanism to upgrade its HR competitiveness.Tianjin LC Project Management Company (referring to LC PMC hereunder) is a consulting firm in the power construction field, primarily engaging in the coal-fired power construction project domestically and overseas.The author of the paper has conducted an in-depth study on LC PMC and re-designed the HR performance management mechanism with application of modern HR management theory and research method. It puts forward the adaptive performance management mechanism for LC PMC on the basis of company's practice with reference to the abundant first-hand information. At the outset of paper, the author makes a conceptive overview to performance management theory, such as introduction to performance management, the main methods of performance management. After that it also makes an analysis on LC PMC's HR status, performance management, and performance evaluation and discovers that the previous performance management system has already hindered company's development. Therefore, based on the research and analysis of performance management system of LC PMC, the author identifies its problem and its root cause. So the author proposes some contributive suggestions for performance management by application of KPI evaluation methods, BSC (balanced score card) and etc. And finally, the author makes assessment on the new performance management system to verify its practicability and applicability.