Employee appraisal

All Bank employees, except for those who are on long-term holiday and other leave, are subject to regular appraisals. [GRI 404-3] According to the Instructions for employee appraisal in Bank Millennium S.A., this appraisal is conducted on the basis of previously communicated, objective criteria. The period and the employee appraisal criteria are aligned to the nature of his or her work and refer to important attitudes in everyday work. This appraisal covers cooperation, engagement, quality, efficiency and management skills. In addition to efficiency and quality criteria, the assessors consider the employee’s attitude to risk mitigation, in particular his/her reliable reporting of risks. The appraisal system allows the Bank to compare work results of different employees and their success rate in achieving the set goals. The evaluation process consists of several stages, which promotes transparency and guarantees a balanced employee appraisal.

Periodic employee appraisal may form grounds for an opinion about an employee, promotion, transfers between organizational units, change of tasks and responsibilities, preparation of individual professional growth and training plans, decision to change terms of employment and continuation of employment.  Evaluation of work quality is also one of the key factors considered in setting the amount of the bonus awarded periodically to employees.