HR Lineup December 2020

HR LINEUP DECEMBER

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One theme of the ABB Purpose is Creating Success through our customers and our employees to reach new levels of performance. — PDA and Single Cycle

As managers, we take ownership for our own and our teams’ performance to drive our business forward. We have the cour- age to communicate openly and honestly about performance and rewards; we care about our teams and what they do, collab- orating to identify and measure perfor- mance in order to recognize and reward achievements; and, we are curious and ac- tively seek and give feedback to ensure we perform to our best and learn from our successes and failures. As employees, we acknowledge that we will be paid for per- formance by being recognized and re- warded for our achievements and mean- ingful contributions. This pay for performance approach is an important component of our performance culture, and supports the delivery of business per- formance. changes to the performance management and compensation planning processes to create a “single cycle.” To align compensa- tion and performance planning timelines, final Performance and Development Ap- praisal (PDA) ratings are due January 24 , so the PDA rating can then be used to help make pay for performance decisions. It is highly recommended that a performance In order to enable a pay for performance culture, we are making a number of