Hi Seniors, I am doing a project on Performance management System.
Can you help me for understanding the term Value Drivers Analysis & its usage with the help of some example or so...
I need it asap...
Plz.....
Thanks a lot...
From India, Mumbai
Can you help me for understanding the term Value Drivers Analysis & its usage with the help of some example or so...
I need it asap...
Plz.....
Thanks a lot...
From India, Mumbai
The Principle of Value Drivers is the same whether it is used in marketing or HR. For example see http://hda.co.uk <link updated to site home> and Human Resources Department - Human Resources Department As a Profitability Factor
Found at Google
So, it is all a question of using the right terms to search the web.
Have a nice day.
Simhan
From United Kingdom
1621Found at Google
So, it is all a question of using the right terms to search the web.
Have a nice day.
Simhan
From United Kingdom
Prashansa, Value drivers are similar to KRAs/KPIs. In PMS, value drivers are set and measured. In L&T, this practice is being followed. Pon
From India, Lucknow
From India, Lucknow
Hi Pon, Thanx for your responce. Can you please explain me how the Value Drivers are to be set? Praise
From India, Mumbai
From India, Mumbai
Value drivers are set in the fields of
1.Financial - targets in value of production, sales, collection, etc. For higher levels - working capital, cashflow, Return on Capital employed, Gross margin, etc.
2. Process - Operation target, Customer satisfaction, quality, safety, etc
3. People - Training & development.
You may devise according to the line of your business.
Ponraj
From India, Lucknow
1.Financial - targets in value of production, sales, collection, etc. For higher levels - working capital, cashflow, Return on Capital employed, Gross margin, etc.
2. Process - Operation target, Customer satisfaction, quality, safety, etc
3. People - Training & development.
You may devise according to the line of your business.
Ponraj
From India, Lucknow
Thankx a lot for immediate reply...
I am doing my internship in a very well known oil & gas based organisation in HR Dept in Oman.
So, now I'll need to find the basic expectation of the person as per the designation, find out his performance of last year and compare it with this year and accordingly preapare a training program etc.
Means I'll need to check whether a person is performing according to the Job Description details & the targets set last year for him and accordingly set this year's targets...
Is it so?
Please correct me if I am wrong...
thnks again
Praise
From India, Mumbai
I am doing my internship in a very well known oil & gas based organisation in HR Dept in Oman.
So, now I'll need to find the basic expectation of the person as per the designation, find out his performance of last year and compare it with this year and accordingly preapare a training program etc.
Means I'll need to check whether a person is performing according to the Job Description details & the targets set last year for him and accordingly set this year's targets...
Is it so?
Please correct me if I am wrong...
thnks again
Praise
From India, Mumbai
This is an Australian org.
PDO is our client...
And can you help me to understand this :
CVA – Cash Value Added (Take performance period of one year into consideration, performance out put at the end of the year minus out put at the beginning of the year. Convert the residue performance in $ and ascertain the value.)
How to convert in $ ?
Thnkx
Praise
From India, Mumbai
PDO is our client...
And can you help me to understand this :
CVA – Cash Value Added (Take performance period of one year into consideration, performance out put at the end of the year minus out put at the beginning of the year. Convert the residue performance in $ and ascertain the value.)
How to convert in $ ?
Thnkx
Praise
From India, Mumbai
I think your transactions are in OMR. In my knowledge, 2.6 USD = 1 OMR(fixed). I think OMR against USD is fixed and not fluctuating. Pon
From India, Lucknow
From India, Lucknow
The USD value changes according to the markets. No probs about $ or so I wanted to ask, how to convert it in a currency, how measure it in a currency? thnx Praise
From India, Mumbai
From India, Mumbai
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