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Executive Remuneration and Performance Management

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

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Executive Remuneration and Performance Management

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  1. Executive Remuneration and Performance Management Mercy Ranko General Manager: Human Resources

  2. 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

  3. 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

  4. ILLUSTRATIVE MEASURES & EVALUATION OF OBJECTIVES

  5. ILLUSTRATIVE MEASURES & EVALUATION OF OBJECTIVES (CONT.)

  6. ILLUSTRATIVE MEASURES & EVALUATION OF OBJECTIVES (CONT.)

  7. ILLUSTRATIVE MEASURES & EVALUATION OF OBJECTIVES (CONT.)

  8. Status and filling of vacancies Note: PBMR is currently undergoing restructuring

  9. Thank You

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