| Based on our past
experience, and to strengthen the responsibility
of our people managers for having a positive
impact on the business and the career of their
employees, CHD Developers redesigned the entire
goal setting framework in which all employees
establish their annual goals and have their
performance assessed. The new goal setting programme is a key element in
CHD Developers
management system for accountability on issues
related to business performance, managerial
excellence, training and development and
corporate responsibility.
The changes in the goal setting programme now
provide opportunities for expanded recognition
of all above-average performers, clarify
consequences for the lowest performers, and make
managers and executives more accountable for
their roles as managers of people and not just
of business results. This is a significant
change from the fixed payments tied to
assessment ratings in the past. Today at
CHD
Developers, funding for the Performance Pay is
based on targets and year-end scores. Central to
the program’s redesign is a commitment that no
managers will be held to any prescribed outcomes
for an individual’s performance appraisal
ratings on statistical distributions or budget
factors.
|
