Page 10 - In the Loop - Jul - Sep, 2020

Annual Objectives & Goal Setting

Departmental Heads & Management Committee at the Annual Objectives & Goal Setting Session

KPI Champions Training At the end of the training session, certificates and KPI champion
badges were distributed among the participants. KPI champions
Effective Key Performance Indicators (KPIs) are important are now working towards training employees, helping their peers
metrics to make sure we accomplish our business objectives. in developing individual KPIs with proper cascading from
KPIs are more than numbers we report out weekly, they enable departmental objectives and aligning their targets and floors
us to understand the performance and health of the business so accordingly. They are fully engaged and dedicated to complete
that employees are guided in the right direction to achieve the the objective setting activity by Oct 2020.
Company's strategic goals. To develop proper understanding
among employees on the importance of KPIs, their selection, Objectives Review Meeting FY’ 21
alignment, and calibration across the business, Interloop’s
Learning & Development Team introduced KPI Champions Pursuant to the Culture Focus Group projects, Interloop Way -
Scheme, whereby Department Heads nominated their team People recently organized a two-day Objective Setting Exercise
members to support HR in developing & calibrating KPIs in for FY’21 to review and finalize the departmental objectives of
different functions at Interloop. Interloop Limited with Management Committee (MC) and Senior
Management. On the first day, Navid Fazil, CEO Interloop
Limited touched upon the significance of Quality, Speed, and
Cost factors for any organization in today's competitive business
environment. He also emphasized on the importance of effective
goal setting at the departmental level that directly contributes to
the business priorities and Company's Vision.

Afterward, Saira Khan, SGM Strategic HR gave an overview of
the HR Strategy for setting departmental objectives and post
objective setting calibration. The Balanced Scorecard (BSC) for
Interloop Limited was also shared with the participants. Objectives
were presented by various departments and reviewed by MC. The
KPI Champions at the training on KPIs & their alignment with Balance
Scorecard emphasis was on the calibration of objectives amongst functions of
the same business cascaded from BSC, departmental KPIs &
29 champions attended two in-house full-day training sessions projects, and also to establish uniformity in shared objectives.
led by Naeem Javaid, Plant Head, IL Apparel, and Kashif Javaid,
Deputy Manager Interloop Way-People. They were trained on
the importance of KPIs, their selection, calibration, cascading,
and their alignment with departmental & Company Balance
Scorecard. They also discussed the target setting of individuals,
shared objectives, and floor setting mechanisms. They were
also trained on the importance of value flow analysis, leading &
lagging indicators in the selection of KPIs, and the impact on their
effectiveness. The most important part of the training was the
presentation and objective diagnostic report prepared after
studying the previous year's objectives of the front line and senior
managers which helped the participants understand actual areas Faryal Sadiq, VP Sales & Marketing commenting about shared objectives
of improvement. among departments

The second day also followed the same format where Business
Scorecards of Yarns, Denim, and Activewear businesses were
shared respectively, followed by their department objectives.
New Business Development-Europe and Energy also presented
their objectives, followed by MIS, Interloop Way - People,
Corporate HR, EHS, Finance, and Corporate Communication.
The final presentation was of the Centralized Engineering
Department of Hosiery Plant 3, Lahore.
The two days included intense discussions, debates, and dialogue
amongst the teams and Management Committee. The exercise
Navid Fazil, CEO Interloop Limited highlighting the importance of effective was concluded by a sum up and ensuing individual objective
goal setting in contributing to Company's mission setting exercise till Grade E4 in Oct 2020, for all departments.

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