Human resource management practice I also available by michael armstrong

The annual cycle

Cemex’s performance management scheme runs over the 

calendar year as follows:

1 

The company’s overall budget is set in January and 

from this the most senior managers’ objectives are 

established, which are then cascaded down the 

organization.

2 

Around July, there is a mid-year review of  

initial objectives set and discussions on how the 

individual is progressing over the first part of the  

year.

3 

Finally, between November and January an ultimate 

meeting takes place where line managers and 

individuals meet and staff are rated between one  

and five by their line managers.

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