A COAL MINE IN SOUTH AFRICA HAS THE FOLLOWING CORE HUMAN CAPITAL VALUE CHAIN COMPONENT:
In addition to the share ownership scheme that is linked to performance, The mine also has a performance management policy. The purpose of this policy is for employees to have a clear understanding of the work expected from them, to receive ongoing feedback about how they are performing on expectations, to distribute rewards accordingly, to find development opportunities, and to discuss performance that does not meet expectations.
AS A NEWLY APPOINRED HR MANAGER WHOSE TASKED TO TURANROUND THE COMPANY, HOW WOULD YOU MEASURE THE EFFECTIVENESS AND SUCCESS OF performance management AT THE MINE? (700 words, use referneces)
Performance Management are activities that ensure objectives are met efficiently and effectively. Performance management strategies can be applied to an individual, organisation, department or in a process. It involves in:
For a performance management system to be effective it has to follow a cycle.

The steps to measure the effectiveness and success of the performance management policy in the mine are:
| Performance management objective | Success Metrics |
|---|---|
| Organisational performance |
|
| Individual performance |
|
5. Once the success metrics are determined then surveys can be conducted and data collected for evaluation. Both qualitative and quantitative data and tools are required for effective understanding of performance. Data can be collected through
6. Once the results have been analysed it will give a clear idea on how effective and successful the performance management policy was. The areas in which it can be improved have to assessed.
They most important thing in having an effective performance management system in the company is to involve the management , managers, supervisors and the employees in the mine on discussions of how to improve. this will help in improving the process and employees will take better ownership in implementing the new policies.
A COAL MINE IN SOUTH AFRICA HAS THE FOLLOWING CORE HUMAN CAPITAL VALUE CHAIN COMPONENT: Performance...