P3 Performance Management

P3 Performance Management

The performance of our people is the performance of our business

We believe our people have the potential to be excellent. And when they excel, so do we. That means we get better results and achieve our business objectives with ease. We launched the Prysmian People Performance (P3) appraisal system to assess employee performance uniformly across the whole company (around 5,000 staff), and to improve support for our strategic operations.

Encouraging individual excellence for Group success

The prime goal of P3 is to engage each employee and align them with company goals, ensuring they see their daily contribution as important to the success of the business and have a clear and achievable framework for performance improvement.

P3 allows us to:

  • Align personal and Group objectives: incentivising employees to generate value that benefits both them and the entire organisation

  • Facilitate communication between managers and staff: encouraging open discussion and sharing of results and future action plans

  • Identify employees with leadership potential: allowing us to offer appropriate training opportunities and secure future success

Employees can propose their own goals and agree action plans alongside managers.

COLONNA 1

P3 implements the following steps, supported by an online platform:

 

  • Self proposal: employees can propose their own goals and agree action plans alongside managers.

  • Performance setting: establishing clear achievements and expected leadership behaviours.

  • Continuous feedback: clear, constructive discussion between managers and employees.

  • Self assessment: employees have the chance to rate and comment each of their goals, fostering a greater dialogue with their managers.

  • Overall Evaluation: appraisal of achievements against set goals.

  • Calibration: for balance and equity between teams and departments.

  • Feedback: managers meet individually with their team members, give the final-year feedback and discuss development plans for the following year.

COLONNA 2

Leading Change

Embracing Change

Demonstrates Strong Personal Commitment To Achieving Agreed Goals, While Maintaining Objectivity And Resilience In The Face Of Setbacks.

Dealing With Complexity

Understands Complex Issues And Translates Them Into Concise Frameworks. Remains Calm And Positive In Challenging Environments, Still Able To Find The Best Solution.

Enhancing Openess

Works Collaboratively, Listening To Others, Identifying Solutions And Sharing Learning. Ensures Insights Are Used To Improve Individual And Group Performance.

Driving Innovation

Fosters Creative Thinking That Improves Business Results; Develops Boundary-Breaking Ideas And Exhibits A Willingness To Adapt And Do Things Differently.

Leading People

Fostering And Building Teamwork

Promotes Teamwork And Facilitates Communication Between Groups; Involves, Drives And Motivates Others Towards Common Goals.

Encouraging Development

Committed To The Development And Coaching Of Team Members And/Or Co-Workers.

Acting As A Role Mode

Treats People Fairly, Shows Consistency Between Word And Action, Accepts Responsibility For Own Mistakes And Promotes Group Values (Excellence, Understanding And Integrity).

Leading Business

Leading On Decisions

Makes fast and effective decisions that drive excellent long-term performance and results.

Assuming Business As Own

Behaves as an owner of the business, managing issues with an entrepreneurial approach.

Sensing The Prysmian Group

Builds and maintains a wide-ranging interest in Prysmian Group business and markets (products, competitors, customers, market trends) and translates knowledge into business insight.