What is quality feedback

What penalties are attached to the extended SMCR regime?

With the forthcoming extension to the SM&CR regime, it is wise for Senior Managers to understand the extent of their personal and corporate risk. Now the FCA have been at pains to emphasise that this regime is about…

What is the difference between a performance appraisal system and performance management system?

A performance appraisal system and performance management system are often discussed in the same breath but are they actually interchangeable? 

What you should be doing now to meet the FCA’s requirements for SMCR

Enough time has passed that the term ‘SMCR – The Senior Managers and Certification Regime’ is probably well on your radar. Since the FCA published their near final rules in July 2018 we have been speaking to various financial…

Can an online performance appraisal system increase engagement?

You already know that introducing a performance appraisal system has lots of potential benefits, which is why you invested in the first place. However, introducing a performance appraisal system will not bring you …

How to implement performance related pay in 7 simple steps

The jury is out on performance related pay, however the fact remains that many businesses have been applying it successfully for years.

How to create an effective performance appraisal system

There are many potential benefits to creating an effective performance appraisal system. You can increase productivity and engagement, reduce risk and retain talent; however, if you are to maximise your return, it is really …

Using SMCR and Performance Management Software to achieve Culture Change

At first glance you would consider SMCR and Performance Management Software to be unlikely bedfellows. However, the synergy between the two could be the key to the culture change demanded by the FCA through…