A leading chemical and plastics solutions provider, Vienna-based Borealis AG is committed to innovation and developing learning opportunities across the business. Three years ago, Borealis implemented a new performance management process and in 2016 will be conducting an “aftercare” project to measure the effectiveness of that system. This article offers a concise overview of important lessons learned to date, and indications of Borealis’ future plans.
"Given its wide range of different potential purposes, it’s actually no wonder that the performance management process becomes ever more convoluted, just as its value is increasingly diluted. And if we keep doing the same thing, we’ll get the same — often ineffective — results. Our forthcoming aftercare project will therefore focus on what we feel to be performance management’s principal focus — perhaps unsurprisingly, that it should improve employee performance."
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