Performance Management System: MylanGroup-IIIAgenda PMS Prerequisite Performance Planning Performance Execution Assessment and appraisal Conducting performance interview Performance renewal and re-contracting Importance of PMS Aout M!lan PMS at M!lanPMS" Introduction#$ Prerequisites$%$ Performance planning$&$ Performance execution$'$ Performance assessment$($ Performance review$)$ Performance renewal and re-contracting$#$ Prerequisites Prerequisites" Strategic planning$ *o anal!sis%$ Performance Planning Emplo!ees must +ave t+oroug+ ,nowledge of t+e performance management s!stem$ Meeting etween emplo!ee and manager$ Set SMA-. goals and measurement standards" -esults$ /e+avior$ 0evelopmental plans$&$ Performance Execution S+ared responsiilit! Emplo!ee responsiilit!" Commitment to estalis+ed goals$ Communication and update wit+ manager$ Manager responsiilit!" 1eedac,2 coac+ing and reinforcement$ -esource support$ Accurate oservation and documentation$'$ Performance Assessment and Appraisal 3+o s+ould appraise4 Supervisors$ Peers and team memers$ Suordinates$ &)5 degree feedac,$($ Conducting t+e Performance Interview Explain t+e purpose of t+e interview$ 0iscuss self-appraisal$ S+are ratings and explain rationale$ 0iscuss development plans$ Emplo!ee summar!$ -ewards discussion 6if appropriate7$ Set follow-up meeting$ Emplo!ee signature$ Supervisor recap$ Appeals process$)$ Performance -enewal and -e-Contracting 1inal step in performance management process$ -ead8ust ased on insig+t from completed process$ Plan for next performance management c!cle$Importance of PMS Supports a variet! of management function$ Identif!ing operating strengt+s$ Identif!ing operating wea,nesses$ .arget areas for improvement$ -ecogni9ing improvements w+en t+e! occur$Aout M!lan M!lanis a gloal generic and specialt! p+armaceuticals compan! founded in #:)# ! Milan Pus,ar and 0on Pano92 in ;irginia$ In #: