Our approach
Our 12,700 people deliver on the promises we make to our customers, shareholders and the community at large. That’s why finding the right people is important, and investing in ways to keep them engaged is critical.
To ensure our long term success we believe in having the right people, in the right roles. Our ongoing success relies on us recruiting and retaining the right people now and developing their talent into the future. As a result we are investing in Group-wide leadership programs to ensure we develop future leaders across the organisation.
All organisations face the challenge of getting the right people in their business to drive the right results.
And for insurers, which need to attract people with specialist skills such as underwriting and claims management, it is particularly important to:
- Develop talented people into future leaders;
- Engage our people and driving high performance by creating the right culture; and
- Provide a safe working environment.
Attracting and retaining the right people
Our approach to employee attraction and retention has two key elements – diversity, including work-life balance, and opportunity.
Our approach to diversity helps us attract and retain the right people from the widest possible pool of talent. A workforce that matches the diversity of our customers helps us to recognise and meet customer expectations more effectively.
To support this we have developed a range of programs to help our people work more flexibly, giving them options to meet their needs and changing circumstances. These include programs such as 12 weeks’ primary carer (parental) leave to help us retain our people when they start or expand their families.
We offer flexible work arrangements including career breaks, working from home, compressed working weeks, job-sharing and flexi-time. We are committed to making these available at all levels of the organisation, including management, and we provide managers and employees with the tools and support to more effectively live that flexibility, such as laptops or mobile phones.
Opportunity is another key element in our attraction and retention strategy. We develop talent through training programs, supporting extra curricular training and education and providing financial and leave support for those pursuing tertiary education and professional qualifications.
To help our people perform at their peak, we have developed performance management frameworks across the Group, which link individual objectives to Group and divisional strategy, and ensure performance is appropriately measured and rewarded. We link Group and divisional strategy focused on financial, customer, process and people objectives to individual scorecards for each of our people, against which their performance is assessed. Our philosophy is that of paying for performance – rewarding those people that consistently perform above expectations
Developing talented people into future leaders
Our approach to developing talent is underscored by our Talent and Succession Pathway. This enhances management and leadership capability through structured identification and assessment processes, with tailored development plans for our high performing-high potential employees.
At a Group level, we run an Advanced Leadership Programme, designed to provide a development pipeline for our top tier of talent. The program, run over 18 months, is offered to those identified as future executives, from IAG’s domestic and international operations. The aim of the program is to expose the participants to a range of different scenarios and help them explore and develop the skills they need to manage these challenges.
Each of our operating businesses is responsible for developing talent management programs for staff within their divisions. For example, the IAG Corporate Office, has a Leadership Development program for its senior management group, with a Manager Development Program for the manager level. In the UK, IAG has developed a suite of leadership initiatives including the certified Institute of Leadership Management (ILM) program and ‘Leading Edge’, a residential management development program.
Our culture
Our culture defines who we are and, just as importantly, the behaviour we expect. It colours every facet of our employees’ workdays, so it is a powerful tool for attraction, retention, and productivity.
In keeping with our devolved model, which gives our operating businesses autonomy and accountability, each division has its own culture, built around those things that IAG values:
- Performance, in the way that we collaborate to deliver the highest level of sustainable business outcomes for our shareholders, people, customers and communities;
- Integrity, through the application of the highest standards of honesty and openness in our interactions with colleagues, customers, shareholders and other stakeholders;
- Respect, in the way that we treat our customers and colleagues, and for the diversity that they represent; and
- A considered sense of urgency, in the way that we approach our business with a ‘can-do’ attitude.
Whilst these values are consistent across all of IAG’s businesses, each business is able to add to these values should they wish, to reflect the unique characteristics of their particular business, and within this framework each of our businesses has developed and communicated their values. For example IAG’s Corporate Office also values Teamwork. This recognises the importance of the Corporate Office, a relatively disparate group of functions including information technology through to asset management functions, working together to provide one seamless service to the other business in the IAG Group.
Across the IAG Group we are focused on building sustainable, constructive cultures. This includes providing our people with clarity on how our values translate into behaviour. For example, Direct Insurance has developed the DI Employee Pledge and Leadership Pledge, which give detailed guidance on values aligned behaviour, and which feed into performance management and reward.
Engaging our people and driving high performance
We need to ensure our culture, flexibility and diversity initiatives, opportunity and leadership programs are truly providing the work environment that attract and retain the right people that we want working at IAG.
We seek our peoples’ views to ensure we are achieving this, through regular surveys, run locally and globally.
While the surveys are tailored to each individual division and their needs, they include a core of common questions designed to ask our people how they:
Think: Do they have a rational understanding of the organisation’s strategic goals and values, and how they fit together?
Feel: Have they been able to nurture an emotional attachment and sense of pride about their workplace?
Act: Are they motivated and willing to go above and beyond in their job? And do they intend to stay with the organisation?
The results are communicated to all key stakeholders, and managers are responsible for discussing the outcomes of the surveys with their teams, and working together to develop and execute action plans to address areas for improvement. The results then feed into our people strategy for the coming year.
Providing a safe working environment.
Safety at work is a basic right and expectation of our people, and we are all responsible for this. We have reinvigorated our Health and Safety Management System to improve the way we manage health and safety in our workplaces, ensuing that it mirrors the requirements of the relevant standards. The system incorporates a framework outlining the company commitments, management system, roles and responsibilities, reporting and auditing, which ensures that IAG and its people are working together to meet their safety obligations.
Our Health and Safety Policy identifies the actions we take to create a safe work environment for our staff, contractors and other suppliers. We have very clear framework that guides the reporting of incidents and risk management practices to meet our goal of eliminating workplace injuries.
IAG's Health and Safety Program operates across the business, with a detailed monitoring and reporting framework that tracks our progress. Divisional Health and Safety Management Plans are in place to ensure priorities are assigned and targets are set for improvement. The Health and Safety Program and Divisional Health and Safety Management Plans are reviewed annually as part of the normal business planning process.
A Health and Safety Leadership Team has also been established, which includes the OHS Manager, Group Risk and Compliance and divisional HR Senior Managers, operating to address key safety risk issues with cross-organisational impact and ensure adherence to the Health and Safety Framework. Complementing this team is a Health and Safety Community of Practice, which includes divisional Health and Safety co-ordinators, and operates as a cross functional / cross divisional team to share knowledge, expertise and experience and work on shared elements of the safety program. These groups work together to achieve greater efficiencies and improved safety practices across the Group.
Read more [+]
Our performance
To ensure our long term success, we are focused on having the right people in the right roles. We are also looking to the future and investing in Group-wide leadership programs to ensure we have a strength of talent across the organisation.
It is important that our 12,705 employees, split between our Australian, New Zealand, Asian and UK business are engaged and productive, to enable us to deliver on our corporate strategy so each year IAG looks at the engagement of our employees.
Our engagement score across the Group for the past year was 80 per cent. This result represents a small decline from last year, despite considerable organisational change, and continues to exceed the benchmark for global financial services companies as set by our survey provider, Towers Watson. We will continue to invest in programs to strengthen employee engagement over the coming twelve months.
In Australia, engagement has fallen from 85% last year to 80% this year, although in our New Zealand business there has been a small increase in engagement, reflecting their continued focus on becoming New Zealand’s best workplace.
2010 was the fourth year that our Asian businesses participated in the annual engagement survey. Whilst seeking honest feedback from staff through the survey was culturally challenging initially, the participation rates have remained high. The results have indicated where opportunities exist to further build employee engagement, and have provided the basis for action plans designed to create an environment where workplace engagement can be optimised.
Turnover and Absenteeism:
Staff turnover in our Australian business has increased slightly from 19.7% to 21%. This has been driven by an increase in employee initiated turnover, as the employment market picks up, while employer initiated turnover has fallen following the completion of our efficiency program in 2008. Conversely in our New Zealand business, there has been an overall reduction from 15.2% in prior year to 14.8% in the current year although there has been a slight increase in employer initiated turnover due to restructures occurring in the business. In particular in our New Zealand business, this rate of turnover is significantly below the market benchmark.
Turnover in our UK and Thai businesses is being reported for the first time this year. In the UK, turnover was 19.2%, with Thailand recording a turnover figure of 13.1%.
In our UK business, a number of departmental restructures and the closure of our Southampton office drove staff turnover. Looking at the turnover experienced in our Thai business, this is considerably lower than our other businesses and reflects the economic uncertainty since the global financial crisis. Job opportunities across the market have decreased and uncertainty grew due to Thailand's period of civil unrest. Consequently more employees have chosen to remain with their existing employers.
This year we have introduced a new indicator that looks at the level of turnover of staff employed within the last year. One third of new recruits in Australia are leaving within the first year of tenure. Addressing this will be an area of focus for this year.
Absenteeism remained reasonably stable, increasing from 4.5% to 4.7% in Australia, and decreasing from 3.9% to 3.5% in New Zealand, and 2.9% in our Thai business.
Diversity:
Diversity is an area of historical and future strength for IAG. Our approach and philosophy is described in the Diversity case study within the Key Risks and Opportunities section of this website.
Our diversity has remained stable and while we have a higher proportion of women in our workforce – just under 60% across all our businesses - this is not being reflected in our senior management positions. There has been a slight increase in women in senior management in New Zealand, from 24% to 26%, and a slight decrease in Australia, from 27% to 26%. The percentage of women making up the executive management ranks has remained steady at 22% for both Australia and New Zealand. Both our Thai and UK businesses exceed these levels, with 27% and 35% of women in senior management positions respectively, putting women in senior management levels at 26.5% for the whole Group.
This year we have also reported on the number of women on our Board. Yasmin Allen and Anna Hynes have been long standing members of our eight person board, with Yasmin also chairing IAG’s Audit, Risk Management and Compliance committee and acting as a member of the IAG Nomination, Remuneration and Sustainability Committee.
We not only look at gender diversity from the absolute number of males and females employed within our business, but also from the perspective of how they are remunerated. With more males in senior management positions than females in our businesses, there continues to be a perceived skew in our salary ratios towards males.
| Male to female salary ratio |
| Staff members | Pay ratio AU 2010 | Pay ratio NZ 2010 |
| General employees | $1.14:1 | $1.16:1 |
| Managers / Senior Specialist level | $1.16:1 | $1.19:1 |
| Senior Manager level | $1.09:1 | $1.19:1 |
| Heads Of level | $1.01:1 | $1.03:1 |
Breaking the figure down by hierarchy illustrates that at more senior levels, pay ratios are equal across the genders i.e. males and females in similar / the same jobs, earn the same/ equal pay. However, at lower levels of employment within the organisation, males are earning more than females for the same role. Clearly, understanding the source of the differences in these pay scales warrants significantly more attention.
Increasing the diversity of IAG’s workforce, using the widest possible definition, is a priority for IAG. The IAG Diversity Working Group, chaired by the Group CEO, is tasked with implementing programs to further boost IAG’s diversity. Programs already in place, such as 12 weeks paid parental leave and flexible work practices, are designed to encourage diversity by enabling those with different needs and responsibilities outside the workplace to work in a way which suits them. These practices have resulted in an increase in the full time/part time ratio in Australia, from 18% to 19%.
An important mechanism for attracting and retaining the right people is ensuring performance is appropriately rewarded. Like many aspects of IAG’s sustainability approach, talent management and performance is handled by each operating business in a manner which suits their business needs. However, each division shares a focus on:
- clearly defining expected behaviours and key performance indicators across a balanced scorecard focussed on financial and customer metrics, processes and people;
- ensuring performance indicators are clearly measurable and linked to business objectives; and
- directly and appropriately rewarding performance and behaviour.
IAG takes the health and safety of its employees very seriously therefore we have been disappointed to see deterioration in our Lost Time Injury Frequency Rate figure in Australia compared to prior years. Investigation of this highlights that some of the rise has been due to improved capture of lost time injury data. With LITFR of 3.0, we are well above the industry best practice benchmark of 2.1, so there is further work to be done. The Health and Safety Leadership Team and Community of Practice are working with the business leaders to improve our safety performance.
Due to recent changes in NSW legislation, an opportunity arose in 2010 for IAG to apply for entry into the Retro Paid Loss Premium arrangement with WorkCover NSW. Under this new arrangement, IAG’s premium for workers compensation claims is closely linked to our claims performance and our safety performance.
In order to take advantage of this opportunity, we had to demonstrate clear minimum standards in the way we respond to Health and Safety matters, how we educate our staff and foster a positive culture towards safety. IAG was able to meet the requirements for entry into the Retro-paid loss premium arrangement which we attribute to the changes made to our OHS Management Framework and Program over the last twelve months.
Case studies
In the case studies below we share some of the initiatives that have driven our workforce performance, as well as some of the challenges that we have faced during the year.
Developing leaders
Flexibility in action
The employee value proposition
Buildings for an engaged workforce
Retaining the benefit of experience in Asia
Taking the pledge
| Developing leaders |
|
It’s not just about having the right leaders today, but also having leaders into the future.
To ensure these leaders keep rising to the top, IAG has developed the Advanced Leadership Program.
The program takes talented leaders, and puts them through an intensive series of workshops spread over a fifteen to eighteen month period, to prepare them for future executive roles.
Participants are drawn from all divisions across the Group. They are either directly nominated for the program by their divisional CEO, or they come to management’s attention through IAG’s Senior Talent Programme, which sees members of IAG’s executive team update the Board and executive on the development progress of key leaders in their division.
One of these is Fiona Michel, now Head of Global Human Resources in IAG’s Corporate Office, who took part in the Australian Leadership Program while running IAG New Zealand’s HR team.
"The program opened my eyes to potential I hadn’t previously seen in myself, and it challenged me to seek opportunities I might not otherwise have sought," she says.
"It gave me an objective view of where I am, what my strengths and areas for improvement are, and something tangible to work towards."
Fiona says the program also gave her a deeper insight into other areas of the Group.
"Because the participants come from across IAG, I had the opportunity to build a network of peers with people I wouldn’t normally deal with in my day to day work.
"The program also has a focus on fundamental skill building such as financial acumen, and you learn how to manage a portfolio, and because of that I would now be much more open to a secondment to a profit and loss business."
The Advanced Leadership Program exposes participants to a range of business scenarios to strengthen their executive competencies. Participants are required to undertake a project which will be implemented within their business units, undergo a ‘day in the life of a CEO’ workshop, and are asked to formulate the business and communication response to a crisis scenario.
"Some of the sessions were very intense, and the program provided us with a safe environment to learn some of these skills, such as fronting a media conference, rather than needing to learn these on the job," Fiona says.
"We also had some great, thought provoking speakers, who challenged us to think about and address controversial topics.
"And for me, one of the best benefits was that the program encouraged me to push myself outside my traditional boundaries, to know what I want, and to prepare myself for the next step."
Read more [+]
|
BACK TO TOP
| Flexibility in action |
|
An important part of IAG’s approach to retaining talent is offering flexible work arrangements.
This helps us retain good people, even when their personal circumstances or lifestyle aspirations change.
One of these people is David Malss, Business Intelligence Manager in Enterprise Information Technology.
David wanted to move his young family to a smaller community, but was concerned he couldn’t realise his dream of living on the South Coast of NSW while keeping his city job.
However after one of many visits down south, he decided it was time to see whether a permanent move was viable.
"We visited the South Coast a lot, and we wanted to bring up our young children in a village atmosphere rather than in a big city," he said.
"I approached my manager about working more flexibly, and she asked me to develop a proposal which would work from a commercial as well as a personal standpoint, and which wouldn’t disadvantage the business or our customers."
IAG offers a range of flexible work options, from part time to job sharing to working from home. David’s proposal was that he work two days a week from home for a trial period – and three years later, he’s still doing it.
"When I first started working from home I contacted my main customers and they were comfortable with it. In fact many of my customers are outside Australia so it doesn’t matter where I am when I talk to them, as long as they can reach me when they need to," he says.
"Possibly one disadvantage is less face to face time with my team, but we manage this."
David says since working from home, he has become more productive, with less travel time and less interruption during his working day.
"My engagement has never been stronger, I feel very positive about my role and the company," he says.
"I’m more productive, not because I’m scared I might lose the arrangement if I don’t deliver, but because I feel like I’m doing a better job, I’m more motivated."
Read more [+]
|
BACK TO TOP
| The employee value proposition |
|
Having the right people in the right job is critical to sustaining business success. As the competition for talent intensifies, the need to attract, recruit and retain the right people is even more acute.
One of the strategies CGU, IAG’s intermediated insurance business, has undertaken to address this challenge is to define and embed its Employee Value Proposition (EVP) and Employment Brand.
Simply put, an EVP is a shared understanding what people most value about working for CGU and what differentiates the business from other employers. CGU then utilises that information to communicate to prospective and current employees about what they can expect when employed by the company - and can feel confident that CGU can deliver against that employment promise.
Through a number of strategic interviews and focus groups with high performers across the business, CGU defined five key themes that underpin what its people value about working with the company:
- Our Journey – CGU’s goal is to be Australia’s leading intermediated general insurer. Our people’s commitment to our journey makes this an exciting time of transformation and opportunity.
- Our People – an environment of mutual respect, where our people care about their customers and each other. Our people receive the encouragement and support they need to achieve both their individual and team goals.
- Our Reputation – CGU’s reputation goes beyond market performance. We are committed to being there for Australians in their time of need, we go beyond the paperwork.
- Our Flexibility – we aim to recognise our people’s commitment to delivering CGU’s goals by providing flexibility in different forms for different individual needs.
- Our Benefits – we value our people’s contribution through great benefits. Short term incentives, paid maternity and paternity leave, as well as 13% superannuation and extensive discounts on insurance and associated products are just the start.
The overarching CGU EVP and key themes reflect the consistent elements that people value across the business. In addition to this, unique EVP statements have been developed that reflect what people value at a business unit level; they are being used to support managers in effectively communicating what CGU's points of differentiation are as an employer, and also to ensure alignment between what CGU’s people want and what the company delivers as their employer.
Read more [+]
|
BACK TO TOP
| Buildings for an engaged workforce |
|
Auckland’s five star green rated NZI Centre has won nine architectural awards since it was opened in June 2008, and much of the interest in the building has centred on its environmental sustainability features.
But the NZI Centre is also helping IAG New Zealand with another key element of sustainability – workforce productivity and engagement.
When IAG New Zealand commissioned the NZI Centre, the environment was only one consideration. The company also wanted a building which encouraged a positive culture and sense of wellbeing.
To gauge how well the building has delivered on this objective, IAG New Zealand surveyed its people before and after moving into the new building.
All areas measured demonstrated an improvement in workplace performance, for example:
- There was a 61% increase in those who believed the design of the workplace aligned with IAG New Zealand’s culture;
- Around 24% saw an improvement in personal workspace
- There was a 29% increase in overall environmental comfort.
- Nearly 60% say the look and feel of the workplace has improved.
- There was a 23% increase in those who believe the workplace supports creativity and innovation.
- Employees found it 30% easier to locate and access information, people and facilities.
- There was a 16% increase in ease of interaction with other staff.
- Employees saw a 24% increase in phone and data services
- There was a 43% increase in collaborative workspaces in the building.
These improvements together assist in improving our overall workforce culture and engagement, have a positive impact on productivity and assist in reducing absenteeism and turnover, helping IAG build not only sustainable buildings, but a sustainable workforce.
Read more [+]
|
BACK TO TOP
| Retaining the benefit of experience in Asia |
|
When IAG invests in a business, it does so for the long term. We choose the partners that we work with carefully and then work together with our partners to add value to the company.
In the context of our Asian businesses, where relationships assume particular importance in business, selecting the right employees to work with our international business partners is crucial. It is a very challenging process to not only find the right person but then ensure that the international move that they make works from both a work and personal perspective. We understand that the success of this value creation and capability transfer depends not only on contributing insurance best practices including product, pricing and risk management, but on doing this via high calibre employees who can build relationships, be effective in a multi-cultural setting and who are motivated to make a difference and contribute their expertise.
IAG’s Asia division achieves this with our capability transfer program, which involves IAG people being placed with our joint venture partners. This not only provides benefit for our Asian business and partners, but also provides an important development opportunity for our people, who are able to hone and refine their skills and ultimately use these enhanced skills for IAG’s benefit.
We have for several years been running a capability transfer program with our partner in Malaysia. This has involved people being placed in the business long term, as well as experts flying in on short term secondments for specific initiatives and programs. Expanding product lines is just one of the indicators of success that we have seen result from a secondee bringing their experience to the business.
From an individual perspective, working in a capability transfer role can be both rewarding and challenging.
Aidan Pallister has recently returned from four years working with IAG’s businesses partners in Asia, including the AmG joint venture in Malaysia, and Safety Insurance and NZI Thailand in Thailand.
His dual role saw him focus on partner selection in developing new businesses and partnerships, and transferring key capabilities to existing partnerships.
“Working in Asia has been a tremendous development opportunity both personally and professionally,” he says.
“It enhances your ability to manage through influence rather than direct control because usually the business you’re working with doesn’t report to you. And it gives you an end to end view of the business, because you’re working across all areas of the operation.”
“There are some challenging aspects, such as difficulty in maintaining networks back home and a lot of time travelling and away from family, and anyone working in this type of role needs to be prepared for that. But overall, it’s been a very positive experience.”
Of course the Asian business is sourcing this pool of talent from our other divisions and IAG Asia works very closely with the other IAG Divisions to identify and source talented employees with quite specific skill sets who will meet the requirements of the role and will be effective in the Asian market. No division wants to lose their talented individuals therefore the on-going challenge is to find the right person at the right time, and match the Asian assignments with career and development plans.
To support our people while they are in a capability transfer role, IAG has developed programs and processes to support those in capability transfer programs before, during and after their secondment.
Before their departure, secondees are provided with briefings on the environment and the challenges they may face to support their own decision-making and enhance their effectiveness in the new setting. And for longer term assignments where the employee relocates with his or her family, pre-departure support activities are also extended to their spouse.
While on secondment, employees are encouraged to keep in touch with their home colleagues and networks, and are kept up to date with changes within their originating business, to facilitate their re-integration when they return.
Before coming home, IAG Asia holds a series of discussions with those on secondment, to make sure the right role is found for them on their return. And after they’re back, a post-assignment review process ensures their experience is captured, and used to improve IAG’s partnering programs. The process also teases out the employee’s key learnings during their secondment, allowing them to assess how best to use those learnings in their post-secondment role.
Aidan Pallister says long term secondees should start planning for their repatriation at least six months before they return.
“A lot has been done over the past few years on developing the repatriation process, and I felt I had very good support when returning to Australia, in particular with finding a role to go back into,” he says.
Read more [+]
|
BACK TO TOP
| Taking the pledge |
|
An organisation’s culture is influenced by the behaviour of its people. So ensuring behaviour is aligned with values is crucial to building a high performance culture.
And it’s easier to encourage the right behaviour if you first define it.
This is the thinking behind the Direct Insurance (DI) Pledge, a set of behaviours which all Direct Insurance employees are asked to adhere to.
The DI Employee Pledge clearly sets out what each employee is accountable for (for example, owning their own performance), how they will behave to deliver on that accountability (for example, translating feedback into action) and what behaviour they will avoid (for example, ignoring feedback or making excuses for non-performance).
Performing in accordance with the DI Employee Pledge has been added as a goal to all Direct Insurance performance plans, ensuring that people who demonstrate the right behaviours and who are high performers, are appropriately recognised.
As part of this goal, Direct Insurance employees discuss with their manager how the behaviours in the Pledge relate to their role, and how the behaviours should be demonstrated.
Together with their manager, employees identify their strengths and opportunities for growth, and create a development plan which identifies the behaviours which need to be demonstrated. The development plan should also address how development should be monitored and the timeframe for improvement.
The DI Employee Pledge is supported by the Leadership Pledge, an extended set of accountabilities and behaviours against which all Direct Insurance people managers are measured.
As with the DI Employee Pledge, the Leadership pledge forms a performance review goal against which a leader’s performance is measured.
To be successful under this goal, leaders must proactively identify opportunities for self improvement and create a development plan to support their achievement, by providing evidence of how they have embedded the behaviours set out in the goal into every day practice.
The Leadership Pledge sets out accountabilities (for example, to build an external outlook and be commercially astute), links these to broader business outcomes (for example, achievement of growth targets), gives examples of the right behaviours (for example scanning for risks internally and externally and reporting when things are ‘not right’) and outlines behaviours to be avoided (being internally focussed, operating in a vacuum).
Kevin Cleland says implementing the Leadership Pledge has paid dividends with his team of seven direct reports.
Kevin, who manages the retail business insurance sales team in Direct Insurance, uses the Pledge as a framework for performance discussions and goal setting with his team.
"It helps me guide discussions with my team, and helps my team understand the bigger picture, and how what they do aligns with our division’s strategy," he says.
"We first used the Leadership Pledge in performance discussions early this year, and it really helped in terms of highlighting peoples’ strengths and areas for improvement against the Pledge, and allowing us to develop concrete action plans to close the gaps."
Kevin says he has already seen a significant improvement in the performance of his business unit as a result of the Pledge.
"I worked with my direct reports to rate them against the behaviours in the Pledge at the beginning of the year, and at our half yearly performance reviews we saw a big improvement. In some cases people moved from one or two out of five, to three or four. Focusing on the Pledge has helped my team identify ways in which they can do things differently, in some cases changing the way they’ve done things for years."
But Kevin says the real value of the Pledge is in broadening his team’s focus to encompass behaviours as well as performance.
"In the past we’ve focussed on money but not on behaviours, but if you’re always looking at the scoreboard you can’t focus on playing the game well," he says.
"Now, my team understands that if you get the behaviours right, you can’t help but improve your financial performance. And we’re seeing that flow through to the performance in our business unit."
Read more [+]
|
BACK TO TOP