|
"SuccessFactors has become an important tool for helping us to manage our team’s performance and systematically drive our talent management practices." Roy Vallee, Chairman & Chief Executive Officer - Avnet
|
Execution Gap
Avnet wanted to focus on building their organization to continue their success in the future. Their leadership realized they needed to create an environment in which each employee from top-to-bottom were fully engaged and working on the right things. Specifically, they wanted to bridge the following gaps:
- Poor employee satisfaction with current performance management process
- Lack of employee engagement
SuccessFactors Solution
Avnet turned to SuccessFactors for a tool that would drive consistency across the company and open communication with employees to see how their goals folded into the organization's overall strategic objectives. This solution enabled them to:
- Conduct timely performance reviews, create a pay-for-performance environment and provide ongoing development opportunities
- Provide consistent and meaningful feedback using built-in coaching tools
- Increase employee engagement
Business Results
Avnet's focus on employee engagement resulted in higher performing branches and stronger financial performance. Some of their business results include:
- Increase in employee satisfaction resulted in 100% compliance in performance reviews
- Employee engagement raised to 75% and, as a result, EPS increased from $1.87 to $3.18


