Pure Energy
Rethink Everything
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It's that time of the year where employee ratings are being determined. I work at a large financial instituion and our rating system is a forced distribution system 1 - 5 (5 being best). The curve is something roughly 1s and 2s - 20%; 3s - 50%; 4s and 5s - 30%.
So far okay...but the language in the rating is something like this:
1/2 - Generally met expectations, but contributions are less than that of other associates.
3 - Met/Exceeded expectations and contributions are comparable to that of other associates.
4/5 - Met/Exceeded expectations and contributions are greater than that of other associates.
This rating is across the board and it's impossible for any manager to truly understand the contributions of all the associates that are in the evaluation pool. Additionally, it's a very secretive process with minimal objectivity. Everyone is required to complete a summary of accomplishments for the year, but there is little or no quantiative scoring to feed into the eventual ranking.
Three questions:
Fair process? Ultimately, it doesn't matter if it is or isn't; as a newly appointed People Manager, I have to support the process. Can anyone that has more experience with the process help me put a positive spin on the process (the corporate materials on this process are inadequate)?
Thanks
So far okay...but the language in the rating is something like this:
1/2 - Generally met expectations, but contributions are less than that of other associates.
3 - Met/Exceeded expectations and contributions are comparable to that of other associates.
4/5 - Met/Exceeded expectations and contributions are greater than that of other associates.
This rating is across the board and it's impossible for any manager to truly understand the contributions of all the associates that are in the evaluation pool. Additionally, it's a very secretive process with minimal objectivity. Everyone is required to complete a summary of accomplishments for the year, but there is little or no quantiative scoring to feed into the eventual ranking.
Three questions:
- To be fair should every associate know what every other associate they are being rated accomplished for the year.
- Should every associate know the rating of the associates they were rated against for the year?
- Departments are allocated their bonus pool based on the rating of the Senior Manager. Should that ranking be known to the associates in order to know what department they should be looking to move to for a higher bonus pool?
Fair process? Ultimately, it doesn't matter if it is or isn't; as a newly appointed People Manager, I have to support the process. Can anyone that has more experience with the process help me put a positive spin on the process (the corporate materials on this process are inadequate)?
Thanks