Think HR Think CHRM
Sunday - 25 Aug 2019

CHRMGlobal.com on LinkedIn
Username : Password: Forgot Password?
Updates
Updates
Performance Appraisal of a COO
Human Resources » Performance Management


Chrm Message From: aishwaryaroy Total Posts: 46 Join Date: 25/11/2006
Rank: Executive Post Date: 02/05/2007 09:51:09 Points: 230 Location: United States

Dear Fellow Professional, 

 Can any one help me with a performance  evaluation (appraisal) form where  the Board of Directors can evaluate the COO. 

I believe it is different from the usual appraisal  forms used to appraise  employees.

Thanks

Ash


Chrm Message From: Dr.Jha Total Posts: 26 Join Date: 25/11/2006  
Rank: Executive Post Date: 02/05/2007 09:53:59 Points: 130 Location: United States

Hello ash,

Normally, the President is not given the usual  Performance Evaluation. The President remains based on the trust and confidence  of  the Board of Directors. If your board wants to have some  tools to evaluate the President's performance, I  suggest the  following approach: 
 
Upon appointment as President, he should be given  specific goals or objectives for the next 5 years. These goals and objectives are further broken down into  years and quarters. Generally, the objectives are  financial and profit objectives.  At the end of each year, the Board decides whether the  president and his  team attained the planned objectives and decides how  much  bonus the president will receive.  The Board should establish the performance expectations  and  make sure the President is informed. By the way this  does not  apply if the President is the owner of the company.

Regards

Dr. Jha

Chrm Message From: Colin Max Total Posts: 12 Join Date: 25/11/2006  
Rank: Executive Post Date: 02/05/2007 09:55:35 Points: 60 Location: United States

Dear Professionals,

Being the COO, his performance can't be measured...simply can't be.  The company should decide the path on which it wants to GROW.  There should be objective numerical related parameter like  Growth of Revenue, Growth of Profit, Specific criteria like Planning and  measurement against Forecasting.  I suggest there should be another OWN COMPETENCY based parameter, where the  decision would be to the President to decide - there various HR parameters  can be taken.. 
 
Welcoming other views...

Cheers

Colin Max

Chrm Message From: debbie74 Total Posts: 28 Join Date: 25/11/2006  
Rank: Executive Post Date: 02/05/2007 10:03:01 Points: 140 Location: United States

Dear friends,

COO's performance can be measured on parametres like:- 

1. Profits/Business achievements vs. forecast 
2. Market Share/Market growth/Branding 
3. Customer (Internal/External) Satisfaction level 
4. People Productivity 
5. Leadership attributes etc.

debbie

 
Events
 
Related Discussion
Measuring the Performance
How Appraisal System help
Best practices in employe
Evaluation Method for Per
Self Appraisal
How to make Performance R
Performence appraisal
Effectiveness of Performa
Feedback on Performance
Linking People, Strategy
 
Related Articles
Performance Development P
Linking Pay to Performanc
Pay for Performance Syste
Coaching for Improved Per
Poor Leadership Affects B
Bell Curve Method of Perf
Performance Measurement T
Measuring People and Perf
Diagnosing Performance Pr
Do HR Certifications guar