Performance Management is about arranging the
conditions of the workplace for individual, group, unit, division, regional,
and corporate success. Management requires that systems, processes and
structures are arranged carefully according to the laws of behavior to support
the necessary direction, skills, resources, and motivation people need to do a
job well, whether at the executive level or at the shop floor, in all types of
industries and across all kinds of business drivers of success. Performance
Management is about individual managers truly understanding how to ensure the
development of skills and provide sufficient training and coaching resources so
that each manager can be fairly measured by the success of his or her direct
reports.
As part of our service offering, Audit Department will
evaluate your mitigation of the following risks and will assist you in
potential improvement activities:
Setting Targets and Objectives
Agreement of Targets and Objectives
Targets and Objectives Development
- Objectives and targets are not consistent with recent
years’ performances, business environment and the strategy (short and long
term)
- Targets are too generic
- Unit targets and objectives are not aligned with the
Region / Category.
- Unit targets and objectives are not aligned with
Functional targets.
- Objectives and targets do not reflect the Unit Business
Risk Assessment
- Unit performance management activities are not performed
in line with firms requirements
- Targets and objectives are not defined by the appropriate
level of management
- Targets and objectives are not approved at Regional /
Category level
- Targets and objectives are defined or communicated too
late in the year
- Agreed targets are not known by the management.
- Activities are not properly allocated and set-up to
execute the agreed targets and objectives.
- Activities are not supported by proper resources in terms
of budget and people.
- Too many KPIs might be de-focussing
Monitor Performances and KPIs
- Financial & Non-financial indicators
are not correctly calculated
- Corrective actions are not taken and
communicated
- Budget changes have not been agreed.
- Issues and changes in the plan are not
promptly communicated
- Issues and changes that could undermine
the delivery of the plan are not reflected in Risk Management process
- Results and KPIs are not timely reported.
- Incompliance with the Financial
Forecasting policy
- Use of KPIs within the company is not
fully exploited
Our Country
offices in London, Hamburg and Milan will be looking forward to your individual
requests and can help you in defining the ideal package for your individual
requirements.
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