future success series big 5 perf mngt system
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Future Success Series - Big 5 Performance Management, David F. Haworth, MBA, SPHRTRANSCRIPT
Big 5 – Performance Management System
David F. Haworth, MBA, SPHR
Big 5 Performance Management SystemRating and Ranking
Performance Assessment
Appropriate Salary Range
Differentiated Rewards
Awareness ImprovementMemo
Rating & Ranking
Based On Competencies and Core Values
Collaborated each Quarter by All Managers/Department Heads
Quarterly Report issue to Division Executive
Submission of Rating Tracked for Timeliness and Accuracy
Performance Assessment
Employee Owned and Driven
Manager Summarized, Discussed, and Documented
Initiated in Employee Anniversary Month, Mid-cycle (6 month point), and End of Cycle Reviews
Salary Ranges
Specific Salary Ranges Based on Market Research and Corporate Strategic Goals
Internal and External Equity Based Broad-banding
Job Families for Each Position
Differentiated Rewards
Rewards specifically Matched to Performance
Reward May be Based on Position in the Salary Range
Management Performance Assessment and Reward Includes Timeliness and Accuracy of Assessments of Direct Reports
Awareness Improvement Memo (AIM)
Philosophy of AIM is to Help Employee to Enjoy a Successful career Through Improved Work Performance
5 Necessary Aspects of All AIM:
Introduction of Performance Issue
Expectation of Role
Dates & Summary of Employee’s Current Behavior
Action Steps Toward Improved Performance
Potential Consequences
Awareness Improvement Memo (AIM) cont’d
Memo Must be Signed Immediately Signed by the Employee
Manager May Sign Stated the Employee Has Refused to Sign
Employee May Create and Attach a Written Rebuttal to the AIM
General and Reasonable Awareness, Time & Effort for Improvement as Appropriate
The AIM is AlwaysEmployee Improvement!