KONE runs a performance management process. Each year, our employees review their individual development plan with their managers to agree on individual goals, evaluate achievement of past targets and to set up a plan for future development. The purpose of annual personal development discussions is to ensure each employee’s awareness of, and commitment to, these goals. Individual goals are linked to the corporate values and goals.
The annual reviews form a process for continuous dialogue and individual development. The reviews provide an opportunity for employees and managers to openly discuss issues in the workplace and how performance can be improved in certain targeted areas. It also provides a means for employees to address any workplace concerns or issues they may have and to share ideas or best practices to improve the working environment.
Employee engagement, motivation, satisfaction and commitment are highly valued by KONE. This is why, in line with results from employee feedback, KONE uses a Total Reward Framework comprising tangible (monetary) and intangible (non-monetary) rewards to provide an attractive reward package for our employees.