HR Lineup December 2020

HR LINEUP DECEMBER

10

discussion with the employee occurs to discuss the past year’s performance prior to this date. Managers of employees par- ticipating in the Annual Incentive Plan (AIP) will also assess the performance of the goals linked to employees’ Individual Per- formance Measure (IPM) by applying “what” (results) and “how” (behaviors) logic and award one consolidated IPM%, input into a new AIP tab in the HR Group Tools (HRGT) system. Training on the IPM will be available in early December, and HRBPs will support the process. AIP 2021 plan direction, business measures and key changes from 2020 will be communicated by Business Area/Function leaders in mid-January, confirming the performance priorities for 2021. While the final PDA rating for 2020 perfor- mance is due January 24, the system will remain open to enable the entry of up to six (6) performance goals for 2021. You

have the choice as a manager to include a discussion regarding goals during any performance discussion that may be held before January 24, or to have a separate discussion regarding goals, finalizing the plan for 2021 with your employee before submitting in the system for them to acknowledge and sign off by February 28. All of these activities around discussing and assessing performance, and making compensation-based decisions, are a key responsibility for all people managers, and we appreciate your efforts and your com- mitment to making the time to focus on them. Please see below for a summary of the key dates for line managers relating to the single cycle process; additional infor- mation will be shared in the coming weeks. Please reach out to your local HRBP or compensation and performance team member with any questions. Single Cycle Calendar • December 1 – systems open for PDA and AIP IPM % entries • December 18 – employee self-assess- ments due in system • January 24 – final PDA ratings and AIP IPM % recommendations due in system AIP IPM% recommendations will be reviewed and should not be communi- cated to employees until after the review is completed in mid-February • Latest by February 1 – AIP 2021 plan let- ter (does not include numerical targets) issued to employees via managers • February 1 – salary planning begins • February 28 – performance goals and employee sign-offs due in system • Mid-March – compensation statements and AIP 2021 plan letter (including targets) issued to employees (managers in CC)