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A performance
management system has been established including planning, implementation, test,
assessment, feedback and incentives etc in the principle of efficiency as
priority and fairness. The performance management system is considered as the
transfer system for the strategic target and annual work targets. The
performance targets and employees competency are improved continuously through
the performance management which highlights the future.
Budgets are
prepared in the approach of up to down, down to up and combination of up and
down. Two categories of performance indicators i.e. operation and management,
have been designed. Performance results shall be measured based on actual
product performance. Performance assessment is achieved through the comparison
of comparable indicators such as contribution rates and growth rates etc of
various departments. The company achieves the consistency between the
performance result and incentive orientation through annual post recruitment,
monthly and quarterly budget completion analysis, internal satisfaction
investigation, and preparation of incentive proposals by leaders in charge and
department managers.
Performance
management enables the company to reach a consensus on the development strategy:
maximize the scale of a single product and seek development in the international
circulation. Performance management has promoted the rapid growth of olefins and
synthetic fiber raw materials and is creating a management team with global
awareness, cooperation spirit and responsibility. |
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