Group Performance Management
We strive to provide each of our people the opportunity to dialogue with their managers on individual performances, in light of predefined targets, and to be regularly assessed in a fair and transparent manner. We support the development and commitment of those who work for us to encourage higher levels of performance and to foster a culture of feedback, in support of the Group strategy.
Group Performance Management is a global process that was launched in 2016 to promote the engagement and empowerment of Generali Group employees in the implementation of the business strategy and in strengthening transparency and meritocracy.
In 2020, 99% of our people participated in a programme involving: defining objectives, assessing performance, feedback and individual development plans.
In our People Strategy - GPeople 2021, Performance Management continues to be a key priority to sustain our Business Strategy and foster a meritocratic and transparent feedback culture. Indeed, the Group Performance Management is still a crucial process to engage our employees towards achieving great performance results and to support their development whilst fostering a culture of meritocracy and fairness. Our aim is to have a full performance management by 2021, having a coverage on all the 4 phases of the process: goal setting, performance appraisal, definition of an individual development plan and a feedback dialogue between managers and employees.
Furthermore, we are working to review our Group Performance Management to support our people and managers whilst working in new and more hybrid ways. Increased flexibility, timeliness and simplification will be key success factors to ensure that our reviewed process will continue fostering engagement, development and performance in the future.