Establishing a high performance culture is a prerequisite for Covestro’s longterm
success. To do that, we need to build on our people and develop them as
well as grow our leaders. Involving all stakeholders creates the need for
transparency and the opportunity for employees to take an active role in shaping
our company. We need to reward our workforce for their contribution to our
company’s success. Looking at our structures, processes and frameworks, we
need to ensure that we are “high performance” at the core. Only if we constantly
adapt our behaviors to keep up with the market and continue to drive results, we
will become known as an exciting employer of choice.
Performance management is a leadership process that we see as one of
the biggest levers for fostering a strong performance culture.
Various colleagues around the globe have recently made it clear to us that they
wanted to be freed from administrative and system boundaries so that they
could effectively focus on what matters: managing employee performance
through regular and qualitative feedback on their employees’ performance
and development.
We listened carefully and decided to drastically simplify our performance
management approach:
As a people manager, you’re invited to grasp every opportunity for
providing your employees with what they deserve: quality time with you to
discuss how they can contribute to Covestro’s business results, how they
can live our C³ values and how they themselves can further progress and
develop.
With the introduction of the Covestro profit sharing plan, which is now decoupled
from performance management, you should agree on extended goals for your
employees, without worrying about a possible negative financial impact for them.
Make use of the various possibilities for honoring your employees for their
excellent performance: challenge them with exciting tasks, new responsibilities