Performance management in a changing context: Monsanto pioneers a competency-based, developmental approach

Article Abstract:

Monsanto Co. developed the Performance Enhancement Process (PEP) as an alternative to traditional performance management systems that it found to be unsuited to the prevailing lean economic climate. PEP focuses not on employee performance, but on the context in which performance occurs. It promotes organizational clarity and establishes a solid relationship between the human resources function and the company's business objectives. Monsanto's adoption of PEP signals its shift from performance management to employee development. The chemical company seeks to simplify goal setting and to facilitate the evolution of the supervisor's role from evaluator to coach. It introduced a system of 360-degree feedback to assess PEP's performance and to ensure continuous development.

Chemicals & Allied Products, Chemical Manufacturing, Methods, Case studies, Chemicals, Monsanto Co., MTC, Employee performance appraisals, Performance appraisals

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Benefits in Russia - is there an emerging pension market?

Article Abstract:

An analysis on the current present pension system in Russia, on the three main components of the pension system, which are social security, mandatory pension schemes, and non-mandatory pension schemes, is presented. A case study on the pension benefits, offered by a German multinational chemical manufacturer, to its Russia employees, is discussed.

Germany, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Russia, Compensation and benefits

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Organizational learning and compensation strategies: evidence from the Spanish chemical industry

Article Abstract:

The impact of compensation policies on organizational learning, in the context of Spanish chemical sector, is examined.

Forecasts, trends, outlooks, Wage Administration, Spain, Motivational Techniques, Forecasts and trends, Compensation management, Market trend/market analysis, Employee motivation, Organizational learning

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