DALLAS, TX (PRWEB) June 28, 2005
GroteApproach Ltd.(http://www.groteapproach.com) announced today that Churchill Downs Incorporated (CDI) has completed the implementation of the GroteApproach SM Web-based performance management system. Developed by performance management expert, Dick Grote, this online performance review solution delivers a proven approach to handling employee evaluations.
Previously, Churchill Downs Incorporated relied on a paper-based system for performance management. CDI recognized the need for change following a time of explosive growth when the company expanded to encompass seven racetracks and nearly two dozen off-track betting facilities across the country.
ÂWe were looking for a tool that would provide consistency throughout the company. Before implementing GroteApproach, our supervisors were involved in employee reviews but few were trained in how to do them, and we had a myriad of different grading systems,Â explained Thomas Meeker, president and chief executive officer of CDI.
CDIÂs strategic plan called for improvements in the companyÂs management development system. ÂOne of the primary drivers in selecting a new performance appraisal system was to find a tool that could help us define and enhance the skill sets that would allow people to grow within our organization,Â Meeker noted. ÂWe commissioned a team of middle and junior managers within the company to identify a good performance management solution. One of the teams found GroteApproach and presented the idea to senior management. We were impressed by its features Â especially its management tools Â and believe this system offers a best of class approach that is efficient and understandable.Â
GroteApproach helps organizations transform performance management from a frenzied series of events to a well-defined, continuous, effective process. The system ties an organizationÂs goals, mission statement, vision and values to performance management in order to achieve critical organizational objectives. With GroteApproach, organizations can maximize employee productivity, reduce the cost of the performance appraisal process across the organization, and improve the retention of top employee talent.
The GroteApproach system includes:
Â Intuitive, Web-based access 24/7 from any location with an Internet connection
Â Customizable appraisal forms that include organizational and job-specific competencies, responsibilities, and goals
Â Proven library of competencies that define ideal performance and are predictive of job success
Â Automated email notifications that keep managers and employees on track during the appraisal process
Â Year-round performance tracking making final year-end assessments easier and more accurate
Â Unique Slider Bar AssessmentSM tool that offers maximum rating flexibility
Â Multi-rater assessment options that allow feedback from superiors, peers and subordinates
Â Extensive online reporting capabilities
About GroteApproach, Ltd.:
GroteApproach, Ltd. is dedicated to delivering the technology, services and client care that transform organizations from best-effort climates into results-driven cultures. The GroteApproach Web-based performance management system is the culmination of Dick GroteÂs mission to transform the way organizations manage and develop their most valuable resource Â their people. It reflects best practices in strategy-based performance management as identified in DickÂs 25 years of research and consulting with hundreds of sophisticated organizations throughout the world. Its combination of unrivaled expertise and superior technology make the GroteApproach system an ideal fit for organizations large and small. GroteApproach can be found on the Internet at http://www.groteapproach.com.
About Churchill Downs Incorporated:
Churchill Downs Incorporated, headquartered in Louisville, Ky., owns and operates world-renowned horse racing venues throughout the United States. The companyÂs seven racetracks in California, Florida, Illinois, Indiana, Kentucky and Louisiana host 121 graded-stakes events and many of North AmericaÂs most prestigious races, including the Kentucky Derby and Kentucky Oaks, Hollywood Gold Cup and Arlington Million. CDI racetracks have hosted nine BreedersÂ Cup World Thoroughbred Championships -- more than any other North American racing company. CDI also owns off-track betting facilities and has interests in various television production, telecommunications and racing services companies that support CDIÂs network of simulcasting and racing operations. For more information, visit http://www.churchilldownsincorporated.com.
Phone: (972) 702-7563
# # #