 | Global Careers |
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Performance management
Performance Measurement and Management (PMM)
Our Performance Measurement and Management (PMM) process is designed to recognize and reward individual contributions to team success and reinforce our meritocratic, performance-oriented and client-focused culture.
PMM is a continuous cycle of objective setting and performance review that is characterized by transparent methods and continuous open dialogue. By highlighting new skills to build and identifying obvious gaps, it also provides a framework for your personal and professional development.
TopHow it works
At the beginning of the year, you agree specific objectives with your line manager and identify development areas. Setting clear objectives helps you, your manager and your team to align your actions to our strategic priorities and values.
Having meaningful goals that you work hard to achieve brings personal satisfaction and proof of accomplishment when you look back at the end of the year. And by setting ambitious targets, you can develop new competencies that can further your career growth.
During the year, you concentrate on achieving your objectives. This is supported by continuous feedback and may include interim evaluations. Feedback focuses on understanding and reinforcing successes as well as addressing shortfalls. We consider the feedback dialog between managers and their teams essential to a climate of continuous learning and professional growth.
Towards the end of the year, you and your manager assess your achievements against these targets to evaluate your individual contribution, identify your strengths and pinpoint areas of focus for the forthcoming year. In many instances, feedback is gathered from multiple sources. This helps ensure fairness and build a more complete picture of your contribution in all areas.
What it means
PMM results influence decisions on salary increases, individual incentive awards and promotions. Top performers receive proportionately higher rewards. But most importantly, PMM enables you to take greater responsibility for the direction and fulfillment of your UBS career.
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