BAKU, Azerbaijan, February 23. The Performance
Leadership Forum has been held with the participation of about 300
executives of the State Oil Company of Azerbaijan (SOCAR), Trend reports via
SOCAR.


The forum, held within the framework of the "Promotion of
performance (service management) culture" program, aimed to promote
constructive dialogue and a culture of result-oriented
decision-making among all stakeholders involved in the performance
management process within the company, to ensure systematic
discussion of existing challenges, and to determine priorities for
the next stages.


Within the framework of the event, panel sessions were organized
for the heads of SOCAR Group enterprises and those responsible for
human resources on the topics of "Result-driven leadership:
strategy, culture and behavior", "The impact of human capital on
business results: creating strategic value from performance
systems". The sessions highlighted the importance of correctly
diversifying strategic goals at all levels of the organization, the
importance of strengthening the skills of managers to provide
continuous feedback, and the fact that maintaining the principle of
objectivity in performance assessment is a key factor in forming an
environment of trust.


The sessions also discussed issues such as the positive impact
of objective and transparent assessment of employee performance on
their motivation, accountability, strengthening the data-based
decision-making approach, and ensuring a more efficient allocation
of resources.







The forum held an award ceremony for performance consultants who
contributed to promoting a high-performance culture, and presented
them with certificates of appreciation.


The Performance Management (service activity management) system,
which has been systematically applied in SOCAR since 2024, covers a
total of more than 42,000 employees across the enterprises included
in the structure, and the performance of more than 14,000
specialist-technical staff is managed based on individual target
cards. The performance management system includes planning
activities in accordance with strategic goals, setting targets,
implementing continuous monitoring and feedback mechanisms
throughout the year, evaluating performance at the end of the year,
and material rewards based on results.