iMPROVED TOOL FOR pER fORMANc E M ANAgEMENT

IMpact, Methanex’s performance planning and development framework, is a global initiative that defines Methanex’s approach to fostering a high performance culture. consisting of three components – Discuss, Develop and Deliver – the iMpact process aims to enhance organizational performance, foster career conversations, promote accountability and reinforce our core values.

Re-designed and re-branded in 2013, from its predecessor E-POS, iMPACT provides a common understanding and approach to performance planning and development. in this regard, it ascribes a shared responsibility between employees and managers or supervisors to support career development and take ownership of performance and development goals and objectives. Adrian Vincent, human Resources Advisor and onsite Subject Matter Expert for iMPACT online – explains the intrinsic value of this framework.

Why is it relevant?

At our last engagement survey, performance management ranked as an area that needed improvement. Re-designed and launched for the 2013 performance cycle, the iMPACT framework is an improved performance assessment tool that better differentiates competencies and measures performance. Based on information keyed in to iMPACT online, the system will assess behavioural competencies, goals and delivered outcomes, then generate a score that delivers a performance rating based on a scale from 1 to 5.

How is it applied in Methanex Trinidad?

As an online performance management tool, it enables employees and supervisors to collectively determine what needs to be accomplished. As supervisors and direct reports generate goals for the year, each party can re-visit and update the status of these goals at biannual interim reviews and annual close-out sessions. A benefit of this system rests on its personalization as both the supervisor and direct reports can calibrate goals during career discussions and update or remove accordingly.

What is HR’s role in supporting IMPACT?

Our role is to bolster awareness, ensure compliance and deliver mechanisms that continuously support improvement. We are currently delivering iMPACT training sessions to remind employees about the system updates and to introduce the new online forms.

Petroskills competency solutions, a north american company, is a competency-based training provider for the oil and gas industry. in early 2013, Methanex corporation joined the petroskills alliance, an initiative formed between petroskills and oil and gas companies aimed at creating detailed skill and competency maps in support of the career development of energy industry professionals, and delivering learning and development programs to reliably build those competencies.