Performance Management Process_Year review-2013_all
-
Upload
rasel-kabir -
Category
Documents
-
view
132 -
download
0
Transcript of Performance Management Process_Year review-2013_all
LOGO HERE
Md. Rasel KabirAssistant Manager-HR, NHPLMeeting Room, 4th January, 2014
Year Review and Performance Appraisal
Agenda
Overview: NOVO Healthcare and Pharma Ltd. A Company with Innovations Our Strength Year Review: 2013 Our Goals in 2014 Performance Appraisal: 2013
2
3
NOVO: A Concern of United Group
One of the Leading Business Conglomerates in Bangladesh
Over 35 years in Business 32 Different Companies including:
United HospitalUnited International UniversityUnited Power etc.
4
An Overview: NOVO (Contd…)
Established in 2004 Started Marketing Activities in April, 2006 Two Different Plants Having WHO GMP
Certificates Producing Finished Dosages Forms and
Pellets Over 100 Products
5
An Overview: NOVO (Contd…)
Over 700 Employees Including a Sales Team of 400 FF
Covering 460 Upazilla/Thana Growing at 32% Over Last Year No. 1 in Pellets Business in Bangladesh Supplying to Govt. Hospitals/World Bank
Projects Exporting to Vietnam, Philippines &
Myanmar
6
An Overview: NOVO (Contd…)Dosage Forms
Tablet Bulk Pellets Toll Manufacturing: Vials & Ampoules
Capsule Liquid Orals (Syp. & Susp.)
Taste Masked Suspension with Microcapsules
Oral Gel Dry Suspension
Cream & Ointment
7
A Company with Innovations…
First Time in Bangladesh
A C
ompa
ny w
ith In
nova
tions
…
A C
ompa
ny w
ith In
nova
tions
…
A C
ompa
ny w
ith In
nova
tions
…
A C
ompa
ny w
ith In
nova
tions
…
A C
ompa
ny w
ith In
nova
tions
…
A C
ompa
ny w
ith In
nova
tions
…
14
A Company with Innovations…
Vegetable ShellNew Generation Capsule Shell
15
Our Strength• We Produce Unquestionable Quality Products
• We Have Two Different Plants
• We Have Some Unique Formulations
• We Supply Our Pellets to Over 120 Companies in
Bangladesh including Incepta, Radiant, Opsonin etc.
• United Hospital Regularly Using Our Products
• We Export Our Products to Vietnam, Philippines, Myanmar & Preparing for Africa
• We will Produce Liquid Products for Beacon in 2014
• We have Supplied Over 2 cr. in the CMSD in 2013
• Belongs to United Group (Corporate Culture)
16
Our Weakness
WE DO NOT KNOWWHAT IS OUR STRENGTH?
Year Review: 2013
Formulations PelletsTarget: 40.00 Cr. 12.00 Cr.Sales: 33.26 Cr. 8.60 Cr.Achv. %: 83.15 % 72.00 %.
Institutional Business: Total Delivered 2.10 Cr.
Business Review: 2011-2013
Sales (in ‘000)
2011 2012 2013
224,139 252,699
332,663
80,090 77,500 86,143
Yearly Sales in ‘000 figuresFormulations Pellets
Growth:32 %
Growth:11 %
Business Review: 2011-2013
2011 2012 2013
73.67 76.53 79.43
26.33 23.47 20.57
Sales Contribution in %Formulations Pellets
Major Events: 2013
Renovation of the Mirpur Plant
Purchasing of new Tab Press Machine
Introduced vegetable shell
Toll agreement with Beacon for Liq. products
Performance Management ProcessYearly Review: 2013
Md. Rasel kabirAssistant ManagerHR4th January, 2014
What is Performance Management?
Performance Management is a process for establishing a shared understanding about what is to be achieved and how it is to be achieved.
It is an approach to managing people that increases the probability of achieving success.
Performance Management Process
Supporting
Review
Planning
· Setting objectives· Create development plans
· Periodic reviews of progress on- job accountabilities- Behaviors & values- Development plan- On the Job training
Formal review of: - Objectives/KPIs, values & behaviors- Overall rating- Make final comments- Modify accountabilities, measures and - Development plans
PERFORMANCE
Establish job accountabilities andperformance measures:
· Setting objectives· Create development plans
Planning Supporting Review
Performance Management Process
Performance Management Process
Planning Supporting Review
Support through Informal coaching:
Periodic reviews of progress on- job accountabilities- Values & Behaviors- Development plan
Performance Management Process
Planning Supporting Review
Formal review of:
• Job objectives/KPIs, Values & Behaviors• Overall rating• Make final comments• Modify accountabilities, measures and• Development plans (where needed)
Performance Management Tools
1) Individual Objective Alignment2) Performance Appraisal3) Individual Development Plan
Individual Objective Alignment
a) Financial Objectives(Which is set inline with the business objectives
of the organization)
b) Functional Objectives(Which is related to individual job description)
Setting of Individual Objectives
What is Performance Appraisal?
The process by which a manager or leader: (1) Examines and evaluates an employee’s
work behavior by comparing it with preset standards,
(2) Documents the results, and
(3) Uses the results to provide feedback to the employee to show where improvements are needed and why.
Objectives of Performance Appraisal
1.To maintain records in order to determine compensation packages, promotions, salaries raises, etc. 2.To identify the strengths and weaknesses of employees to place right person on right job. 3.To maintain and assess the potential present in a person for further growth and development. 4.To provide a feedback to employees regarding their performance and related status. 5.To review and retain the promotional and other training programs.
Appraisal Parameters
Objective Parameters Behavior & Value parameters
1) Competent
2) Innovative and Creative
3) Leadership
4) Pro-active/Simplicity/Action… 5) Empowerment/Accountability/ Assignment6) Commitment/Self-Discipline/ Punctuality
7) Respect/Trust/Honesty/Loyalty
Performance Ratings
A• Exceeded Expectations
B• Fully Met Expectations
C• Partially Met Expectations
No numbers!
“Two Dimensional” Performance Rating
A •Exceeded Expectations
B •Fully Met Expectations
C •Partially Met Expectations
A• Exceeded
Expectations
B• Fully Met
Expectations
C• Partially Met
Expectations
Objective Behavior & Values
Performance Rating Matrix
OBJECTIVES
(QUANTITIVE)
A Exceeded expectations
SUPERIOR RESULTS,
UNSATISFACTORY BEHAVIOURS
A/C
SUPERIOR RESULTS
A/B
EXCEPTIONAL PERFORMER
A/A
B Fully met expectations
`
GOOD RESULTS, UNSATISFACTORY BEHAVIOURS
B/C
STRONG
PERFORMERB/B
SUPERIOR
BEHAVIOURB/A
C Partially met expectations
UNSATISFACTORY PERFORMER
C/C
GOOD
BEHAVIOURS, UNSATISFACTOR
Y RESULTSC/B
SUPERIOR
BEHAVIOURS, UNSATISFACTOR
Y RESULTSC/A
C Partially met expectations
B Fully met
expectations
A Exceeded
expectations
BEHAVIOUR & VALUES (QUALITATIVE)
What is your role?
Role of the Associate
Providing input to and fully understands the Annual objectives
Continuously reviewing own performance against the objectives
Demonstrating a willingness to undertake stretched goals and to remain flexible in a constantly changing environment
Proactively initiating the Performance Management process if not done so by the manager
Associates works to maximize their performance by:
Role of the Manager
Ensuring individual goals and objectives are aligned to business goals, Setting SMART objectives, Supports stretched performance
Conducting regular performance dialogue with the associate, Initiating the PMP at each step
Demonstrating fairness in performance evaluation and compensation management
Communicating rating to associate after it has been calibrated and fully agreed upon by all necessary stakeholders
Ensuring the Performance Management System is fully implemented in their area of responsibility
The Manager supports the performance of their direct reports by…
Role of the Manager’s Manager
Developing his/her organizational strategy, ensuring that the strategy is aligned with the overall Company Business goals
Holding his/her direct reports (Line Managers) accountable and responsible for the achievement of the established goals
Holding his/her direct reports (Line Managers) accountable for the performance and development of their direct reports (associates)
Ensuring appropriate calibration of year-end performance ratings across his/her organization
Approving final performance rating of associates
The Manager’s Manager sets the overall business and performance objectives and expectations by…
Role of Human Resources
Giving clear guidelines on the process
Being available to offer advice and coaching to line managers and associates
Facilitating performance and reward calibration meetings
Ensuring that the Performance Management System is fully implemented within the area(s) they support
Keeping records of all employee’s PMP data
The Human Resource Manager supports the process by…
Confidential, for internal use only 40
Let us start the PMP (Objective Setting)
• PMP starts with setting individual objectives which are aligned with company overall goals
• Line manager will set the objectives for his/her associate(s) and will finalize these objectives through an one-to-one discussion with the associate(s)
• Once the objective setting is done both manager and associate will sign in the appraisal format
• Original copy will be retained by the associate for the year end performance dialogue. One copy will be with the manager and one copy to HR
Confidential, for internal use only 41
Let us start the PMP (Yearly Appraisal) • Based on these objectives and behaviour/values
achievement associate will complete his/her self-appraisal ratings
• Line manager will have a performance dialogue with his/her associates(s) at the end of the year to complete the manager’s ratings
• (IMPORTANT: At this stage performance ratings must not be consider as final or granted)
• After completing all the performance evaluation/rating line manager will then organize a formal discussion with his/her reporting manager (next level manager) for finalizing the yearly rating of his/her associates.
Confidential, for internal use only 42
Let us start the PMP (Yearly Appraisal) • Based on the FINAL performance ratings line manager
& Next level manager will recommend promotions/up gradations/increments/development needs etc.
• To avoid any misunderstanding line manager will inform his/her associates the final rating only after being approved by the next level manager or by the management
• Based on the FINAL performance ratings line manager will prepare an Individual Development Plan (IDP) for the associate (if required)
• After completing the appraisal process original copy to be submitted to HR for further procedures
Tips for Preparing for a Performance Appraisal Meeting
Schedule early. Ask direct reports to rate their own performance
using copies of the appraisal form. Minimize surprises during the appraisal
meeting by giving feedback on a regular basis. Don’t keep people in the dark until the annual review rolls around.
Make information gathering ongoing. Don’t wait until the week of the appraisal meeting to gather important information about the associate.Performance Review_Ideal.flv
Be prepared to discuss specific examples of good and poor performance.
If possible, meet in neutral territory. This helps establish open communication.
Avoid sitting behind a desk – a desk symbolizes authority.
Choose a business time and setting. Don’t schedule a performance appraisal meeting over lunch.Performance Review_Summary.flv
Tips for Preparing for a Performance Appraisal Meeting (contd…)
Any Question?
THANK YOU ALL…