Maya has just been hired as the chief executive officer (CEO) to turn around Phoenix Solutions, a once-thriving tech company now struggling with declining revenues, high turnover, and employee engagement scores that are taking a nosedive. During her first week, Maya discovered that the performance management system was in shambles. Performance reviews consisted of vague feedback such as "meets expectations" with little explanation. Goals changed constantly and were often communicated through casual hallway conversations. Job descriptions have not been updated in years. Employee development was mentioned in reviews but rarely supported with resources or opportunities. Top performers received the same annual 2% raises as underperformers, leading to lower motivation and turnover.

It is clear that the organization needs to move in a new direction. Maya believes that the organization needs a new performance management plan. You are going to be a part of Maya's transformation team. As part of the team, you are going to help advance the organization from a struggling startup to an industry leader.

Read the following article: How to Build a High-Performance Culture Framework.

Then, create a PowerPoint presentation that includes an organization’s performance management plan by addressing the following:

• What are the key areas of an organization’s performance management plan?
• What is the importance of SMART goal setting when designing a performance management system?
• What is the role of a job description in a performance management system?
• How can performance management encourage employee development?
• What options can companies use to reward employee performance?

Use this template to complete this assignment: U4 IP PPT Template.