Dear Colleagues,
The annual performance review is the cornerstone of our performance management system. We need to accurately reflect how each of us performed against our objectives and other expectations in both our review conversations and the online forms. This is a vital component in ensuring fair decisions are made about rewards, as well as driving continued improvement in the organization.
Due to the impending merger between IPIC and Mubadala, we have been asked to conduct the year-end performance review process earlier this year and have the initial stage completed by Tuesday 22 November. We appreciate this is a relatively tight deadline, but to this end the system is now open, so please make arrangements to conduct IPC and IDP review meetings and enter and submit the completed forms in Oracle before that date.
It is important that the process is completed within this timeframe and, of course, with the appropriate level of quality. In order for this to happen, both managers and employees should take adequate time to prepare for the review meetings and ensure that performance is properly and accurately discussed and recorded in Oracle.
As a reminder, set out below are the key stages of the process and the associated requirements.
Please see below the process for the 2016 End of Year Performance Review/Individual Development Plan.
1. Review Meetings
All managers to hold individual review sessions with their direct reports; please schedule these meetings now. For the meeting to be an effective two-way conversation both employees and managers should take time to reflect and prepare for this session.
The discussion should:
· focus on how the employee has delivered against the performance objectives listed in the IPC;
· address not only what was achieved but also the reasons for the level of achievement, including alignment with MP Values and Core Behaviors;
· be honest, respectful and not avoid shortcomings. It is the responsibility of both parties to seek and give feedback in the process.
· agree development actions.
MP Values and Core Behaviors form an integral part of the assessment. You should refer to the Core Behaviors cards if you are in doubt as to expectations.
The end of year comments against each individual objective should be entered into Oracle by the employee and submitted to their manager for approval. The online approval of these comments by the manager is required to complete this step.
2. Provisional performance rating
When approving, the manager will also enter a provisional performance rating into Oracle. This rating is not shared with the employee; only the final rating will be shared and this will be done after review and endorsement by senior management and MDC (Stage 4 below).
These initial stages should be completed by close of business Tuesday 22 November, 2016
3. Assessment and Local Calibration
Calibration to ensure equity and fairness across departments, will be completed at BU or Corporate Center level. Ratings will then be reviewed by Functional Heads and their respective XLT member, before being reviewed by the XLT as a whole to ensure consistent calibration and that the distribution guidelines are met.
The final proposed ratings will then be submitted to MDC for endorsement.
4. Final Documentation & Communication
Once the ratings are endorsed (anticipated late December 2016), line managers will enter their end of year summary comments in Oracle, hold feedback discussions with employees and share the employee’s 2016 final rating. Employees will then complete their end of year comments in Oracle and submit this to their manager to conclude the process.
Further details on the process can be found in the attachments which include Oracle Performance Management User’s Guide, Performance Management Guide and MP Core Behaviors. Please read these carefully.
If you require clarification or have questions, please contact your local HR representative. Thank you, in advance, for your commitment and diligence in completing this important task.
Best Regards,