Revolut is stepping up its game by using a points-based system for tracking staff behaviour and performance, as detailed in its recent annual report. This system, dubbed Karma, is designed to encourage adherence to risk and compliance rules by awarding or deducting points based on employee actions. Here’s what you need to know about this innovative approach.
Key Points
- Revolut’s Karma system tracks employee behaviour to promote compliance and risk awareness.
- Points can be awarded or deducted based on behaviour, influencing bonus decisions.
- Consultants stress the importance of leadership in measuring performance over pure technology.
- The system has sparked debate on its effectiveness and potential impacts on innovation.
- Further initiatives to enhance compliance culture include training programmes and a Risk Culture Index.
Why should I read this?
If you’re in HR or management, this article is a must-read. It dives into an innovative tracking method that could change how we view employee performance. This isn’t just about compliance; it’s a wake-up call to consider the implications on creativity and overall workplace culture. Revolut’s approach could influence your own company’s strategies, so you’ll want to be in the know!