Our performance management approach supports our aim for a high-performance culture in which our individual and team goals, as well as behaviours, are aligned to our firm’s purpose and business strategy. We want our employees to reach their potential and be fully supported in their work. Our Personal and Leadership Imperatives are fully embedded in our performance management approach, focusing on both what people achieve and how they achieve their goals. Including these behaviours in performance and feedback discussions allows for robust, future-focused conversations, better performance differentiation and transparent pay-for-performance.
Continuing from 2017 into 2018, we have widened our employee participation in the Performance Management pilot, where we are experimenting with the “rating-less” concept of Performance Management, in the process exploring more flexible, timely performance management approaches to strengthen Swiss Re’s culture of continuous feedback/dialogue, recognition of achievement and personal growth and development. We are committed to continuing to improve our programmes and capitalise on digitisation where possible, as we build our feedback culture.