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Effective Performance Management A Case Study PPM 2023 2 Agenda Why performance management? What is the process? How to make it work? Value alignment / top down drive Linking rewards and development Aspects of infrastructure Communication/education Part of the culture Where to start? PPM 2023 3 Why performance management? ? Basic management cycle – Planning, anizing, staffing, leading, and controlling ? Fundamental corporate infrastructure ? Consistency in measuring/rewarding ? Sustainability in business and people PPM 2023 4 What is the process? ? Annual process – Past review and next goal setting – Appraisal process: rewards – Individual development planning – Ongoing review and documentation ? Global aligned PPM 2023 5 Philips Way: People Performance Management (PPM) is… …a process which helps to align personal and business objectives …driven by ‘the Philips way’: one culture, one brand, one pany one global approach for People Performance Management …supporting the improvement of business results for Philips PPM 2023 6 PPM: a cyclical process… PPM 2023 7 How to make it wo