Managing Performance
The success of a company lies in the sum of the successes of its employees: Only with outstanding and motivated employees can Siemens meet – and even exceed – the expectations of its customers and investors. With people making the difference in our business they are one of Siemens’ biggest investments and we are focusing on a comprehensive approach towards managing and developing them.
Managing performance is the practice of actively using performance data to improve operations. In the field of people management, it involves business strategy and performance measures to establish individual performance targets and enable management to evaluate the achievement of these targets and, additionally, to evaluate the employee’s capabilities shown through his/her actions and behaviors.
Development of employees is a process that enables employees to increase their contribution to the organization – a contribution linking the achievement of results and individual’s capabilities to the goals and challenges of the organization – and to be rewarded and recognized accordingly.
Setting clear targets together
Target setting is the first step each year in managing performance at Siemens and aims to provide you with individual targets on how you can support the overall business targets. Targets are set in a partnership between you and your manager based on your role and responsibility in Siemens. What you gain is clarity – you know what we expect of you, the yardstick by which we monitor and evaluate your performance and potential.
Monitoring and evaluation of results
Monitoring aims to improve your performance through a continuous communication and coaching process with your manager during the year. It also assists the managers in the identification and implementation of interim actions in order to support you to achieve your targets.
Evaluation is an individual assessment of your performance and capabilities made by the Manager each year, taking your perspective on your target achievement into account. Each employee of Siemens is evaluated in terms of achievement of results and capabilities based the Siemens Leadership Framework. This evaluation is the bases for identifying your potential and defining relevant development actions suited best for you.
Feedback dialogue
Feedback on the outcome of the evaluation and discussion process is done as a dialog between you and your manager on an annual basis and based on your role and responsibilities, targets, analysis of performance, potential statement, and development and compensation actions. Your manager and you must plan appropriate development actions to enhance strengths or address identified improvement areas. Your development and performance improvement plan is defined.
Implementation of defined actions– Systematic development of your competencies
We systematically support the development of your personal and professional competencies and experience by implementing defined actions within the feedback dialogue. Implementation is focused on development and compensation actions.
Action can vary in many ways:
- International career prospects
Siemens has a presence in 190 countries around the world. Our job exchange enables employees to apply for vacancies in the organizations around the world. This allows them to find posts overseas acquire new competencies or make their next career move - Interesting assignments and projects
Siemens is an innovative company with a workforce of over 400,000. We can offer our people challenges in very diverse sectors and disciplines, as well as the opportunity to work on international projects. - Training and coaching
In every sector of the business, we offer tailored training programs – covering technical expertise, managerial skills, methodology and the development of personal capabilities. For particularly challenging situations, we provide support in the form of one-to-one coaching. - Compensation and benefits
We expect a high degree of commitment and outstanding performance from our employees. In return, you are entitled to expect an attractive and market oriented remuneration package from us.
As we see it, a good relationship between a company and its employees is built on career opportunities, vocational training programs, pay and benefits that are in line with the market as well as a working environment where people are motivated and are able to achieve a work/life balance.
