Performance Evaluation and Compensation – Relevance of the Bell Curve
Another eventful year came to an end for the Indo-German HR Partner Forum, with the final meeting being hosted by Siemens at their R&D Building of their Kalwa Plant on 3rd November 2015. The topic, most relevant and apt around every year-end, was “Performance Evaluation and Compensation – Relevance of the Bell Curve”.
It was a well-attended session with Senior HR Professionals from Bajaj Allianz General Insurance Co. Ltd., BASF Group, Bayer Group, Bharat Forge, Bosch Group, Evonik India, Häfele India, LANXESS India, Mercedes-Benz India, Schaeffler India, Siemens Ltd., TÜV India, Volkswagen India, Wacker Chemie India were present at the meeting.
Two well-renowned consulting companies – Hay Group and Towers Watson – set the agenda for the day by sharing industry practices in the implementation of the bell curve. Thereafter, the hosts Mr. Ramesh Shankar, Executive Vice-President – Human Resources and Mr. Rupesh Basu, Head – Talent Acquisition, Human Resources shared Siemens’ practices, approach and experiences via a presentation. This was followed by a presentation on Bosch’s “Past, Present and Future” by Ms. Pallavi Shastri, General Manager – HR.
The most debated area to which the partners sought insight from each other was the availability of an alternative, effective system that can measure performance.
Post lunch, the group was taken on a factory tour of Siemens’ Transformer unit which was a fascinating experience for one and all especially for those from the automobile industry!