Aligning Talent with Performance Strategies and the Resulting Employee Engagement
Companies who want to achieve outstanding performance needs to be clear about their business strategy and objectives. Their strategy needs to be understandable and consistently applied. It needs to be part of the organization’s Culture. Once understood, the organization’s reward strategy needs to be aligned with achieving those business objectives. The approach seems logical, but it takes a coordinated, concentrated effort to accomplish such an alignment. Studies have shown that if followed, tying business strategy to performance management will reap improved organizational performance.
Another important component of organizational performance is having the right talent, in the right place at the right time; in other words, talent management. Understanding what competencies are required to accomplish the business objectives is the starting point. Then, ensuring that your talent reward strategy is aligned to your business performance will help keep the right employees engaged. Engaged employees put in more discretionary effort, result in more satisfied customers and ultimately lead to improved organizational performance.
Optimizing sales effectiveness and employee engagement is mission critical in these challenging economic times. Learn how Key Bank is evolving into an organization striving to change their culture by aligning performance management and talent management and ultimately, driving a more engaged workforce.
What you’ll learn:
How Key has evolved in the area of Incentive administration, from decentralized to centralized administration
How a state-of-the art solution can provide insight into sales expenses and incentive compensation.
How Key is transforming itself into a culture of Performance Management
How Talent Management and Performance Management functions have become integrated
What benefits are expected as a result of all this change
Who will be presenting:
Gwen Braverman, CCP
SVP, Key Bank
Mgr of Performance Management and Talent Intelligence