1. 2013 Terex HR Process Timetable (1st half)
9/17/12
Start Date
End Date
Work to be Completed
November 15, 2012
December 17, 2012
Team Members complete Self Assessment of 2012 performance / behaviors
December 1, 2012
February 28, 2013
Managers and Team Members set business and personal objectives for *NOTE: objectives MUST be entered by 2/28/13
December 17, (or earlier)
January 25, 2013
Managers assess 2012 performance/ behaviors and write Performance & Development Reviews
including proposed performance ratings and salary increases
January 25, 2013
(or earlier)
February 4, 2013
HR Managers review 2012 Performance and Development Reviews, proposed ratings and salary increases sending back to manager for revision, if needed
*NOTE: all performance ratings in system by 2/4/13
February 6
February 6
System populates preliminary 2012 MIB payout based on preliminary financial and individual performance achievement
February 7
February 18
Ratings Calibration within Segments / Functions:
Business Segment Presidents / Function Leaders and Group HR VPs review roll up of 2012 performance ratings, 2012 MIB & 2013 salary planning
February 19
February 20
Final financial results available; system recalculates proposed MIB payouts
February 21
February 25
Ratings Calibration across Segments: Segments and Functions review final 2012 performance ratings, MIB and salary increases with R. DeFeo and K. Barr
February 25*
March 15
Managers have performance and development discussions with team members providing performance ratings
February 26
February 27
Board of Directors Meetings
(2012 MIB Payouts & 2013 Salary Increases Approved)
February 28
March 8
Payroll notified of MIB payouts (payouts by March 15 in U.S. and March 31 for non-U.S. locations)
February 28
March 14
Managers inform TMs of MIB payouts and salary increases
April 1
April 1
2013 Salary increases effective
* Note: Performance and development discussions can begin prior to February 25th if overall segment ratings are consistent with agreed to averages; discussions to be focused around performance and development with salary increases and MIB payouts communicated at a later date but connected to performance ratings
Team Member tasks
Team Member/Manager tasks
Manager tasks
HR tasks

2. *************** 2013 Terex HR Process Timetable (2nd half) Start Date
9/17/12
Start Date
End Date
Work to be Completed
July 1
August 30
HOLD LOCAL TALENT REVIEW MEETINGS
Local leadership teams align around talent assessment and successors -- feed info to segment level
Local leadership identifies talent gaps / risks and develops action plans to address
September 3
September 20
TALENT REVIEW MEETINGS at CORPORATE
Business Segment Presidents / Functional Leaders lead Talent Reviews for their respective business and/or function
***************
July 1
August 30
MID-YEAR CALIBRATION
Managers review objectives and ensure alignment (adjust objectives accordingly)
Managers and Team Members schedule meetings to review progress and ensure performance is on track
November 15
December 16
Team Members complete SELF-ASSESSMENT of performance / behaviors
December 17
Into 2014
Managers complete PERFORMANCE AND DEVELOPMENT REVIEWS for Team Members
Succession Planning / Talent Review
Performance Management