Preaching to the choir, I know.
The thing that bothers me the most about the new ranking system is I have NO IDEA where I rank among my peers when I get “Strong” year after year with little feedback from line manager other than trite BS like “keep delivering.” Never have gotten share awards either, which in itself is worrying (despite manager claiming it’s very competitive at my JG).
everyone gets a strong. You can imagine how much work actually gets done
I received a 2.0 last year. Not sure what wording that was but that's the first I've ever got it. Worked my a-s off though and not worth it in retrospect.
If 80% of people are put into the same box, it’s pretty obvious what to do. Do just above the bare minimum. Rest and vest.
15% get higher. Guidance for underperform is "up to 5%."
Each group gets a small percentage of outstandings to give out. My group tries to give it to someone ranked higher but never twice in a row. It's kinda BS but we're going to give it out (would prefer that we were allowed 1-2 more highers).
PSP is a set percentage per JG. It seems like there are fewer given to JG4 and 5 but those were always the exception.
Does anyone get outperform? I've never seen that but know it exists. I've seen higher.
Please think about the share holders. We need to make them richer.
I heard today it was not going to be an open offer but selective. A tap on the shoulder the gather your belongings and leave. This will be interesting.
Line manager here. Previous reply is 100 percent on the money. It gets more competitive every year.
the truth about the new system is everyone is expected to default to strong. Doing your day job really really well is strong. There are only two ways to get higher than strong. One is to do something extraordinary outside of your regular role and few people even get opportunities to do that. The other is to have a manager who is interested in getting you a higher rating and is able to out-battle the other managers in the IPF departmental meeting where someone has to go down for someone else to go up plus you have to have done something that added enough value to the company to justify the rating. They have also tightened up on PSPs in the last few years. We used to have more options to give them but it is harder now.