Business Times

CEB to test its employee through a balanced score card

As part of the government restructuring plans for key institutions in the public sector, the Ceylon Electricity Board (CEB) will initiate performance appraisals for its employees geared to be in line with the organisation’s objectives.

The government has identified three perspectives namely - Customers, Employee Learning and Growth and Internal Business Process in addition to financial indicators that will be taken into consideration when evaluating the CEB’s performance that will be carried out on a Balanced Score Card concept, Power Energy Minister Champika Ranawaka said while addressing senior members of the board this week.

Balanced Score Card System is a strategic planning and management tool which can be used in an organization to align and focus its activities to the strategy of the organization, to improve internal and external communications, and monitor organization performance against strategic goals.
This is expected to add non-financial measures to financial measures, which will reflect a more balanced perspective of the organization, the minister said while also explaining that “this is not a tool to measure any individual performances but to measure the overall strategy of the organization with necessary corrective indicators.”

He noted that measuring individual performances for personal appraisal will be an entirely different methodology and perhaps if we succeed in achieving the desired results we might have to extend this process for individual performance appraisals.

The CEB is being streamlined in a bid to improving its customer relations and become more productive.
Minister Ranawaka stressed the importance of switching to renewable energy sources in line with the challenges in the climate conditions globally.

Further, he pointed out that with oil and gas prices set to climb up further and with possible scarcity of energy sources in 2030 there is a need to become greener with energy sources before it is too late.
“There will be more chaos in future and prices of oil, gas and coal will increase and by 2030 there will not be sufficient and economical energy sources for countries like us. Therefore, we should prepare our plans now and look forward to greener and safer energy sources,” he said.

The Balanced Score Card if properly implemented will be a strategic planning and management tool, which will not only measure individual performances against the organizational objectives but also will help to identify what measures need to be taken.

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