What's exactly the meaning of our generic goals? I know that UW have a budget to meet so their success can be related to that, but for the others? The goals we have to copy/past in Workday, that are the same for everyone, mean absolutely nothing. Honestly I don't even Remember them year after year. Lately they put a lot of emphasis on data quality, is it because they want to replace most of us with AI and need more accurate data? I know for sure that Accenture works on this, but I don't know if their work actually achieved something. The quality of accentue work is actually dropping day after day...
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This goals have all been set to make so that employees fail and get laid off. Management want Accenture to take over everything and not concerned about employees. Employees are slowly disappearing and the company is not talking about it. If they make a mass layoff their accountability increases so management at its best is coming with excuses to make employees fail by giving ridiculous annual goals. If management fails still they will have their jobs and bonuses. If employees fail good to get rid of them in-spite of being a star performer. All planned to make Accenture take over. More payment has been given to Accenture to get rid of employees.
Data quality is so you can price accurately. It may have a collateral effect of causing less jobs, but that's not the goal
I honestly don’t see the point of setting personal goals here. Seems that performance makes no difference in your comp. I was rated Above and Beyond and got the same 90% STI as very one else in my team, and performance didn’t matter for merit increases either
Goals are just a framework that management will and have used to justify minimal raises and in some cases used to cover their as--s when trying to fire someone without real cause.
Your goal should be achieve ROE of a certain level. Most
Managers at AIG can’t even define the term. This goal means that you should maximize profits for senior management to hit their LTI payouts, and so they can buy back enough stock to support the stock price by reducing the float in the market.
Goals mean nothing for your own incentive comp if you’re not getting LTI, though. No matter how much money AIG makes, you will get very little of the benefit.