Aligning manager’s individual accountability to the priorities of the business through personal scorecards

Evolution Plus and Hemeleers & Partners announce a common go-to-market solution to extend the business planning and budgeting processes with a hands-on approach introducing cascading balanced performance dashboards as a basis to align and balance the individual objectives of frontline managers with the changing priorities of the business

Luxembourg, October 13, 2006 – Hemeleers & Partners, a management consulting company, created by ex-PwC partners and directors, specializing in business planning and profitability improvement, and Evolution Plus, a human capital development firm specializing in executive coaching, team-building and talent planning, created by Marie-Brigitte Bissen ex-Vice-President Human Resources with Nationwide Global, join their complementary expertise to assist CEOs and CFOs in aligning the individual objectives of the managers and experts with the business priorities.

Alignment of individual accountability as a source of competitive advantage

In today’s fast changing competitive market, management teams are confronted to the continuous pressure to get more out of their, often, most important resource: people. In many industries, margins are declining because of increased global competition, while staff costs continue to rise as a result of the increasing need for skilled and motivated experts, combined in Europe with the automatic salary raise.

Frontline alignment is a priority for the CEO:

Are you sure that your frontline experts are working on the right priorities? Are they able to define their own role in line with these priorities?
Are you sure that your frontline experts have the right competencies?
How do you motivate your people to take initiative for continuous improvement?
How do you increase and measure their accountability?
How do you reward accountability and engagement?

“Because the skills and engagement of your people is one of your most important sustainable competitive advantages, our team of experts focus on the process whereby the individual priorities of managers are aligned with the priorities of the business and rewarded accordingly”, said Marie-Brigitte Bissen, Managing Director of Evolution Plus.

Extending the budgeting and planning process with cascading performance dashboards

Hemeleers & Partners and Evolution Plus offer their customers the opportunity to create a formal alignment process which eventually extends the annual budgeting and planning process.

“The frontline alignment process is the natural extension of the business planning and budgeting process. Why inventing a new battery of key performance indicators (KPI) to serve as individual objectives, when the financial and operational targets of a well balanced business plan, budget and business balanced scorecard can be easily cascaded into departmental and individual objectives ?” said Rudy Hemeleers, managing partner of Hemeleers & Partners. Hemeleers & Partners has developed a pre-configured blueprint to integrate a company’s reporting and planning processes so that the executive performance dashboards are designed to include capability to drill-down to the underlying operational data. The blueprint is structured to introduce a regular enterprise-wide bottom-up re-forecasting process whereby front-line managers create full accountability for taking new initiatives to improve the efficiency of their roles within their company

Balancing business and personal objectives

“We want to go one step further” said Marie-Brigitte Bissen, “and propose the senior management of our customers to offer their managers the assistance of an external senior coach to capture their personal objectives as a basis for a personal scorecard and development plan”.

About Evolution Plus

Evolution Plus, created by created by Marie-Brigitte Bissen, ex-Vice-President Human Resources with Nationwide Global, is a human capital development company. Its experts offer specialized coaching competencies and management tools enhanced through years of management experience in the business environment both in the financial and the industrial sectors at a European level. EvOLUTION PLUS works closely with organizations and its leaders in the identification and the development of their potential, focusing on executive coaching, team-building, talent management & succession planning.

Evolution Plusacts as a partner in the implementation of organisational changes within companies (growth, mergers and acquisitions, right-sizing, new leadership, new business strategy, culture change, new business integrations...) in the following areas:

Development of individual talents and potential;
Stress-management and well-being at work
Implementation of open communication among teams to support conflict management. (New project teams, continuous improvement of existing teams);
Facilitation of the integration of new hires resulting from an executive search;
Design and coordination of the talent & succession planning process.

Evolution Plus is headquartered in Luxembourg and can be reached at +352 691 501 588 or www.evolutionplus.org.

About Hemeleers & Partners

Hemeleers & Partners is a European management consulting team, created by ex-PwC partners and directors with a double background in management control processes and financial information systems.

Hemeleers & Partners organizes as a “bureau d’architectes” and has made a significant investment in blueprints that have a unique focus to help the CEO and CFO of our customers to integrate their cost and performance management processes.

An industry specific data model
An workflow for an activity based rolling forecast
A multi-dimensional profitability analysis model
A step-by-step implementation roadmap

Hemeleers & Partners has the ambition to provide the management team of its customers with business results in 100 days. An objective that can be achieved by using software technology configured by business professionals with advanced Excel modeling skills and by using a rapid prototyping methodology coached by a small team of external experts with 10 to 15 years of experience in both Finance and IT.

Hemeleers & Partners is headquartered in Luxembourg and can be reached at +352 661 707 101 or www.hemeleers-partners.com.