Study On Performance Management System Of LH Company

In recent years,China’s economic structure is facing great pressure of transformation and upgrading,and the business environment of enterprises is also undergoing profound changes.In order to achieve greater development,it is particularly important for enterprises to acquire core competitive advantages.In the process of rapid development of enterprises,more and more business managers pay attention to human resource management which has also developed into an important tool to carry corporate culture and expand talent skills,and has risen to an extremely important factor in achieving corporate strategic objectives.With the continuous promotion of the policy of "cutting overcapacity,de-stocking,de-leveraging,reducing costs and improving weak links",the competition in the chemical industry is increasingly fierce,and most of the chemical enterprises are facing greater survival pressure.Reasonable and effective performance management can not only measure and evaluate the work quality and workload of human resource,but also play an incentive role for excellent talents,which will effectively improve the core competitiveness of enterprises.This paper takes LH Industrial Co.,Ltd.as the research object.Firstly,this paper elaborates the performance plan,performance monitoring,performance evaluation and performance feedback of performance management system by summarizing the research conclusions of domestic and foreign scholars on performance management system and making clear the definition of performance management and performance appraisal.Secondly,it introduces LH Industrial Co.,Ltd.from three aspects:company profile,organizational structure and human resource structure.Based on the questionnaire and interview on the existing performance management of the company,it is found that(1)the target index setting is out of line with the company’s strategy,(2)the performance appraisal cycle and the main body setting are unreasonable,(3)the communication and feedback mechanism of performance management is incomplete,and(4)the systematic cognition of performance management is not clear.These four aspects sum up the problems existing in the performance management system of LH Industry Co.,Ltd.Finally,this paper defines the design principles and objectives of the performance management system of LH Industrial Co.,Ltd.This paper also adjusts the current assessment cycle of the company,and constructs a relatively complete indicator system based on the company’s long-term development strategy.In addition,the newly designed performance management system also comprehensively adjusts the assessment subject according to the specific situation,endowing the Department’s direct leaders with more management authority,which can facilitate the supervision of the daily work of the leaders,and continuously promote the improvement of work efficiency and work quality.The newly designed performance management scheme emphasizes more on the communication before performance appraisal and the feedback of appraisal results.Meanwhile,it adjusts the corresponding scoring method reasonably and adds the self-evaluation part for employees.In addition,the performance management plan also includes the performance satisfaction survey.If employees are dissatisfied with their personal performance appraisal,they can appeal to leaders or departments concerned,in order to ensure that the results of performance appraisal are fair,just,objective,authentic and effective.The performance appraisal plan defines the performance improvement plan,so as to give full play to the positive incentive effect of performance appraisal on work and to fully take advantage of the performance appraisal results.The corresponding organizational,systematical and evaluating measures are proposed in this paper to ensure the smooth implementation of the new design of performance appraisal program and to achieve the expected results.Based on the analysis,designing and optimization of the performance management system of LH Industrial Co.,Ltd.,we hope to promote the core competitiveness of the company greatly,and also provide theoretical reference for other chemical enterprises to optimize and improve the performance management system.