Gotion High-Tech Compensation and Performance System

1、Performance Plan Formulation: In alignment with Gotion's strategic planning and annual business objectives, the responsibilities and key tasks for each department and employee has been established. Consequently, performance plans are developed for all organizational levels and individual employees. The assessment process is conducted following comprehensive communication and consensus between assessors and those being evaluated.

 

2、Performance Target Decomposition: In alignment with Gotion's strategic objectives and business rationale, performance targets are systematically decomposed across various levels. This approach ensures that these targets are effectively communicated and implemented at the grassroots level while also facilitating horizontal alignment among departments, thereby promoting seamless information flow throughout the organization.

 

3、Execution Follow-up: Throughout the work process, the assessor maintains regular communication with the individual being evaluated to monitor progress towards goal achievement. This approach enables timely identification and resolution of challenges while providing essential resource support as needed.

 

4、Performance Evaluation: Gotion implements a comprehensive performance assessment mechanism encompassing monthly, quarterly, and annual evaluations. This systematic approach involves objective and impartial assessment of individual performance against predefined objectives and actual work outputs. Furthermore, the company conducts bi-annual and annual reviews to evaluate the attainment of performance targets across all organizational levels.

 

5、Performance Review: The assessor conducts periodic interviews with the employees, systematically identifying both strengths and areas for improvement in work performance. Through these constructive dialogues, the assessor provides actionable feedback, facilitating mutual agreement on assessment outcomes and collaboratively developing targeted improvement strategies.

 

6、Results Application: The assessment results will be applied to aspects such as salary, training, and promotion to precisely motivate key talents and continuously stimulate organizational vitality.

 

7、System Optimization: In light of performance review summaries and evolving management requirements, Gotion is committed to the continuous enhancement of our performance management system. This optimization encompasses various aspects, including assessment indicators, processes, and tools, all aimed at improving overall management effectiveness.