Learn from two different companies (SAVO and Equity Residential) why they are making a change from the traditional performance management, what they have learned along the way, how they championed the necessary changes and how the process is going so far.
SAVO is a mid-sized, growth phase, cloud-based software firm in Chicago with 150 employees and Equity Residential is a publicly traded real estate investment trust based in Chicago, Illinois.
Key Takeaways - Answers to the following questions:
- Why status quo is not working? Need to disrupt the process and try something new.
- What are the expected roadblocks?
- How did we get buy in?
- How does compensation work? How is it fair?
- How is it perceived by Employees? By Managers? By the Business?
Why status quo is not working? Need to disrupt the process and try something new.
What are the expected roadblocks?
How did we get buy in? How does compensation work? How is it fair?
Tracy McCarthy, EVP, Human Resources at SAVO Group
Tracy is a passionate HR leader who understands the importance culture plays in business. She is a strong advocate of focusing on employee engagement and development as a strategic advantage for company success. She has more than 20 years of human resource and business leadership experience in a variety of company sizes and industries. Currently, Tracy leads HR at SAVO Group, a Sales Enablement software firm in Chicago focused on improving the productivity and success of Sales and Marketing professionals.
Christa Sorenson, EVP, Human Resources at Equity Residential
Christa has the privilege of leading a top performing HR team, that influences and shapes performance, leadership, and culture at Equity Residential, a highly successful, publicly-traded multi-family REIT. During her 20+ years in OD and HR roles at companies like Hewitt Associates (now Aon Hewitt), US Robotics, and 3Com, Christa participated in the design and implementation of over 20 new performance management programs. She has seen glimpses of possibility within different performance management approaches and remains optimistic that the process can be a positive and effective experience for employees, managers, and companies.