Like 2020, 2021 has been an unprecedented year; one where we’ve all pulled together as a united team to deliver amazing things.
To differentiate performance of all individuals against that backdrop doesn’t feel right, so we’re not going to be focusing on performance ratings this year. Year-end conversations will happen as usual, but won’t result in a rating being issued automatically to anyone. Instead the focus needs to be on quality conversations, reflecting on how we’ve done through the year, the challenges faced and what might be done differently moving forward. You’ll also notice that we’ve simplified the document in myHR portal to follow the format of our quarterly reviews to save you time.
Your conversation will happen with your line manager between 1 and 30 November.
It’s important that you take time to prepare, so here are some tips to support you in your preparation:
- Remember this is an opportunity to consider what you’ve achieved in terms of goals for the past year and how you’ve done this by displaying our Culture Essentials.
- Reflect on your Enabling Conversations.
- Recognise your key successes.
- Consider any challenges you’ve encountered – highlight examples of how you overcame these and share your key learnings.
- Draw out focus for your future personal development and growth.
- Think about what support you need going forward.
The end of year conversation needs to be completed in myHR portal by 30 November. For help finding your way on myHR portal, check out this quick reference guide or watch this video.
What does this mean from a reward perspective?
Base pay: Base pay increases will vary this year; giving slightly more to the small groups of colleagues who have consistently overperformed in incredibly challenging times, and giving less to those at the other end of the spectrum who’ve not hit the mark in terms of consistently meeting our expectations. Everyone else will broadly receive the same uplift. A lower increase may be given where someone’s compensation is already high versus our benchmark.
Bonus: The majority of those eligible will receive a payout based on the final agreed business performance multiplier, to reflect what we’ve delivered as a team in an extraordinary year. Individual performance won’t feature in the bonus calculation this year, other than for those who’ve not hit the mark, where bonus pay outs will be adjusted downwards.
You’ll have a reward conversation in December to discuss this – further guidance will follow nearer the time to support you with these conversations.
For people managers
Download this guide for everything you need to get ready to lead a great conversation. You can also watch this video for guidance on how to complete your employee’s year end document in myHR Portal.
If you have any questions please contact a member of the People Support team via email at peoplesupport@carnivalukgroup.com or call 023 8065 6666 (x6666).