What is an EPMP?
An “Executive Performance Management Process” is the process of goal setting and managing performance between:
- The board of directors and the CEO
- The CEO and his/her direct reports (executive team)
Clear objectives and unambiguous metrics are the basis for any EPMP.
Balanced scorecards are the most commonly used tools for managing, evaluating and rewarding executive performance.
The value of a
well-designed EPMP
A well-designed EPMP allows the boards of directors and the executive team to maintain clarity and focus on what is most important and relevant to drive the strategy of their organisation forward. In short it ensures:
- That both are rowing in the same direction.
- That performance can be managed during the year, and simply evaluated at the end of the year.
- That the performance of executives can be measured, managed and rewarded, i.e. that there is a clear line between performance and reward.
- Simplicity.
Our Deliverables to You
Depending on a client’s requirement, Al Massar Declan can provide an end-to-end a solution:
Scorecards:
o Corporate-level: Between a board of directors and a CEO.
o Executive-level: Between a CEO and his/her direct reports.
Briefing and presenting to boards of directors
Facilitating performance review meetings
Variable Pay Plans
Policies
Our Credentials and
Our Approach
Al Massar Declan has 25 years’ global experience in designing and implementating executive performance management processes and executive variable plans in banks throughout the GCC and globally.
Al Massar Declan is committed to sustainable solutions. Hence, the scope of each assignment is tailored to our client’s requirement and with full reference to any constraints.
Our hallmark end-to-end and fully-fledged approach is:
- An in-depth review of our client’s strategic plan to secure agreement on performance metrics and objectives.
- Facilitating workshops or offsite events attended by the executive team.
- Designing a “corporate-level” (“enterprise”) scorecard.
- Designing of “executive-level” scorecards.
- Designing of variable pay plans
- Writing policies for the performance management process and variable pay plans.
- Presenting to boards of directors.
- Evaluating implementation and identifying, and addressing, any issues.
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