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Typically, having employees’ productivity assessed against agreed benchmarks enhances managers monitor if the personnel is meeting the expectations set. As a consequence, the workplace performance influences employees’ payments: increased productivity leads to higher financial benefits, while low productivity attracts reduced levels of the salary.
The third session on the first day of Kaplan Norton Masterclass was Setting Stretch Targets: Selecting and Funding Strategic Initiatives.
Metso, a global provider of industrial machinery, presents its performance results of 2010 under the Financials section on its website, a truly impressive display of performance communication good practice. The section is well structured with Financial Targets, Key Drivers for Performance, Quarterly and Annual Figures and Calculation of Key Figures content available.
One of the workshops held at the Balanced Scorecard Forum 2011 Dubai, Executing Strategy with Balanced Scorecard, facilitated by Aldo Labaki & Roberto Wyszkowski, Palladium UAE, generated an environment of open discussions, including time allocated to questions and answers.
SABMiller plc, one of the world’s largest brewers present across six continents, implemented the Sustainability Assessment Matrix (SAM), a bespoke management system (SABMiller, 2011) that enables the company to monitor the performance of the operating businesses against the 10 sustainable development priorities set:
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