CEO Review can:
Part I – Performance Objectives
During this step, performance objectives are developed from your credit union’s mission statement, its strategic business plan and its plan year budget. These objectives are measurable and observable indicators that let you connect your credit union’s mission with real results.
Part II – Compensation Plan
This part is an important piece of the CEO evaluation process – aligning your CEO’s compensation to outcomes. HR Performance Solutions develops a CEO compensation plan unique to your credit union using current “peer-to-peer” salary data that is tied to comparably-sized and regionally located financial institutions.
Part III – Special Projects
In this section, CEO Review incorporates key, non-measurable aspects of your credit union’s annual strategic plan and budget. Individual board members evaluate results for each of the key points and submit their evaluations to the chairman.
Part IV – Board Assessment
This step is where each board member gives the CEO feedback about how they view his/her effectiveness as a decision maker, manager and credit union leader using an anonymous online assessment form. Data is then compiled onto one form and shared with the CEO during the review.