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Beach Rental Case study - Assignment Example

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Date Beach rental case study The rentals are located near universities so that the rooms can be rented out to students. The rentals have a process that includes agents, marketing majors, and the renters who are potential to the company. The rentals are strategically located so as to major on a ready market share…
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Beach Rental Case study
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Beach Rental Case study

That will ensure that they have good accommodation and a good environment in which the students can be working from. The efficiency of the company can be done by measuring of the efficiency of workers in the company. The measurement of performance by employees is a critical thing for ensuring that there is success in the running of a business organization. The measurement of performance is done so as to ensure that the employees of a company provide value for the money that they earn. Performance may be measured by the number of hours worked or by the quality of work done or the output that accrues from an individual or group of employees. The report will give details of a number of performance measurement metrics that may be used by the Company. Performance measurement metrics The measurement of the performance of employees is a thing that is advantageous to the company. Performance measurement usually ensures that there is equitable distribution of incentives. The performance measurement also ensures that there is increase in efficiency and productivity in the company. A performance metric that is effective should ensure that there is a gauge that is accurate and one that would ensure that the employees are valued according to their performance and output in the company. Productivity metrics One of the components of measuring the performance of a company or business is by the use of productivity. Productivity metrics usually measures the amount of work done by an employee within a specified time period. Employees usually have a different learning curve. That means that new employees would be less productive as compared to old and experienced employees. In a manufacturing company, productivity can be measured by the total output of an individual in a specified time period. In a sales department, productivity is usually measured by the total sales made by a single employee. Efficiency metrics Efficiency can be described as an attempt to increase on productivity by utilizing minimum resource or by the use of the most cost-effective method. Efficiency usually deals on cutting on time of production and the costs that are incurred during production. That can be done by the company introducing processes that are efficiency and using quality raw materials that are cheap so as to ensure that there is cost cutting. Training metrics Training among employees usually increase on the performance or productivity of employees. The training of employees would ensure that the employees use the most cost effective working processes. The training efforts should be quantified so as to measure the level of productivity that accrues from the training of employees. Goal setting The use of performance review systems that are collaborative usually ensure that supervisors and their juniors are able to set their own personal goals that should be achieved so as to increase the efficiency of the company or business. That can be termed as management by the use of objectives and that can be done so as to individually measure the performance of an employee. The employees of the company should undergo training so as to ensure that they are efficient enough in the execution of their roles in the business. Design process Analysis The first process that is involved in designing the training is analysis. The objectives and goals have to be analyzed so as to be able to develop the ... Read More
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