BBRT Norway has held its 7th meeting, hosted by Statkraft. The theme of the meeting was incentives. Professor Bård Kuvaas from the Norwegian business school BI shared years of thorough research showing how dysfunctional individual bonus is when used for motivating knowledge work. Mari Christensen from the Nordic insurance giant If then presented why and how the company has abolished their sales bonuses. The effects were impressive; more satisfied employees and customers, and better business results.
Bjarte Bogsnes shared the latest developments at Statoil. Risk management has now been integrated in the company’s management model Ambition to Action. Statoil has also made significant changes to their HR process. Performance rating is terminated. The biannual appraisal process is replaced with more continuous, strength based and development oriented feedback. Goal setting is made more dynamic and less calendar based.
The next BBRT Norway meeting will take place on June 13, hosted by SpareBank 1 Gruppen.