goal of presenting information.ppt................x
Salauddinawan1
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Jul 29, 2024
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About This Presentation
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Size: 395.04 KB
Language: en
Added: Jul 29, 2024
Slides: 9 pages
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The G oal Of This Presentation To P rovide Information
Performance management development system A Performance Management Development System is a structured approach used by organizations to enhance employee performance, productivity, and development . Strategic Focus Redesign the performance management system to improve worker output. CTO's Vision Improved management/leadership responsibilities, individual accountability, and well-defined position definitions. Business Drivers Give updated performance management a priority . Enhanced Accountability To encourage ownership and significant contributions, strengthen individual accountability. Leadership Clarity Specify management and leadership responsibilities to ensure efficient governance, coordination, and decision-making . Remuneration Alignment To reward excellent performance and stay in line with goals, tie remuneration to performance results. Executive Agreement The construction of a performance management system has the unanimous approval of the executive committee, indicating a common commitment and understanding.
TAILORED Leadership Development Pipeline The Leadership Pipeline is a framework for understanding how to create great leadership at all levels of management. Personalized Interview Structure The company modified the interview style to fit its distinct language and culture in order to customize the development of its leadership pipeline. Testing and Refinement The interview format was tested and feedback was gathered prior to implementation. These steps allowed for clarification and improved efficacy of the format. Team Training Structured interviewing, data recording, and analytic methods were taught to a core project team . Coaching Sessions with CTO To hone their talents, team members practiced under the guidance of the Chief Technology Officer. Geographic Coverage In order to ensure participation from all significant heritage firm locations, interviews were held throughout North America and Europe .
The first determination was that the tailored leadership pipeline structure for the firm was constituted of five leadership levels.
EVALUATION . Evaluation is the process of assessing or judging the value, quality, or importance of something based on specific criteria or standards . Intermediary Metrics It is frequently more trustworthy to evaluate success using intermediary metrics like attrition rates and survey patterns. Financial Performance in 2006–2007 The years 2006 and 2007 were the company's best financially. External Factors The prosperous economies of Western Europe and the United States at the time probably had an impact on these favorable results . Emphasis on Concrete Results The company's success was probably aided by its emphasis on concrete. Individual Accountability During this time, achieving effective results might have been significantly aided by emphasizing individual accountability . Success Factor Although favorable economic conditions were a factor, the company's success during this time was probably mostly due to its emphasis on individual accountability and outcomes. Lesson Learned Even in prosperous economic times, performance may be enhanced.
EMPLOYEE CLIMATE SURVEY RESULT Employee climate surveys are studies of employees' perceptions and perspectives of an organization. Confidentiality For reasons of privacy, specific findings from the employee climate survey are not shared. Pulse Study Findings A late-2006 pulse study revealed notable advancements in each of the thirteen organizational climate factors examined. Quality Improvement Notable progress was made in the Quality parameter, which includes methods for managing and communicating performance better. Leadership Progress According to the poll, there have been good advancements in leadership, pointing to enhanced organizational leadership procedures. Morale and Loyalty Boost signifying heightened employee engagement, contentment, and dedication to the company. Overall Positive Trend The pulse study's findings point to improvements in a number of areas that support a positive work environment
TURNOVER RESULT "Turnover result" often refers to a measurement of a business or company's financial performance. Turnover results provide an indication of the overall financial health of the company, sales growth, and business operations 1. 24% Drop in Total Turnover (2005 to 2006) 2 . 14% Increase in Turnover (2007 ) 3 . Remarkably Low Turnover Among High Potential Managers
ANECDOTAL EVEDIENCE Anecdotal evidence is evidence based only on personal observation, collected in a casual or non-systematic manner. Favorable Reaction The professional services sector has expressed excitement about applying Pipeline ideas . 2 . Increased involvement Compared to previous attempts, there has been a noticeable rise in involvement, suggesting a change in mindset regarding performance management programs. 3 . Leadership Support T he input from the leadership team is consistent with observations from other firms, 4. Results and Accountability A major cultural shift has occurred as debates about leadership now primarily focus on the terms results and accountability. 5 . Conceptual Elegance Pipeline principles are seen to be easy to implement and theoretically elegant. 6. Broad Application Personnel inventory, training planning, and selection. 7 . Integration with Compensation New management compensation plans are linked to performance management systems that prioritize results