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Learn the essential procedures and steps for effective executive performance management, including defining objectives, compiling scorecards, monitoring individual and group performance, and managing unsatisfactory performance. Get insights on performance levels, review processes, and how executive performance results are determined. Gain valuable measures and evaluation techniques to enhance overall company performance.
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Executive Remuneration and Performance Management Mercy Ranko General Manager: Human Resources
SUMMARY OF PERFORMANCE MANAGEMENT PROCEDURE • Procedure • Plan Performance Management • - Define strategic objectives • - Compile Executive Balanced Scorecards • - Compile Divisional/ Departmental Balanced Scorecards • - Formulate group objectives and performance standards • 2. Implement Performance Management • - Conclude Individual Performance Compact • - Monitor employee performance • - Conduct Interim Performance Review • Level 5: Outstanding: Work performance is exceptional and far exceeds the performance standard/ target required • Level 4: Above standard: Work performance is superior • Level 3: Successful: Work performance is good • Level 2: Improvement needed • Level 1: Unsatisfactory
SUMMARY OF PERFORMANCE MANAGEMENT PROCEDURE (cont.) 3. Review Performance Management - Collate and analyse annual Employee Performance Review results - Monitor performance management 4. Manage Unsatisfactory Performance - Identify unsatisfactory performance - Respond to unsatisfactory performance - Initiate the performance improvement process - Conduct the performance improvement process - No improvement - disciplinary process which may lead to dismissal - Appeals • Executive performance results are determined as follows: • 70% Individual • 30% Overall company performance
Status and filling of vacancies Note: PBMR is currently undergoing restructuring