Sustainability Report 2015
Employee advancement
All members of staff of Hannover Re have the opportunity to take part in an annual performance review with their direct supervisor. During this review the employee's performance is evaluated according to company-specific criteria, and issues relating to cooperation and the scope of tasks as well as the goals and professional development of the individual employee are explored at length. Participation in this discussion is optional for the member of staff, although Hannover Re recommends an annual cycle of performance reviews. The implementation Rate for performance reviews at the Hannover location was 94% in 2015.
With a view to maintaining and improving Hannover Re's good culture of Leadership and communication, arrangements have been made to give all executives feedback on their performance as managers. This so-called management feedback enables employees to give their supervisor feedback on his or her leadership behaviour as they experience it every two years in a semi-anonymous process (anonymous questionnaire and subsequent discussion within the team). In addition, managers are in turn evaluated by their direct supervisor in relation to their leadership performance. Appropriate supportive measures are agreed with the manager following completion of the management feedback process. The implementation rate for management feedback with respect to the participation of eligible managers at the Hannover location stood at 100% in 2014.
Management feedback was put on hold in 2015 owing to the overlap with issues relating to the international employee survey. Hannover Re offers all (new) managers not only the opportunity to attend a range of leadership seminars but also individual coaching support.