The Performance and Development Agreement serves as a crucial document in Singapore's employment landscape, providing a structured framework for managing employee growth and performance. This agreement is particularly important when organizations seek to formalize development pathways, establish clear performance expectations, and align individual goals with company objectives. The document, governed by Singapore law, typically outlines specific KPIs, development opportunities, evaluation processes, and career progression paths. It helps ensure compliance with local employment regulations while promoting transparent performance management and professional development.
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Key Requirements PROMPT example:
Performance And Development Agreement
"I need a Performance and Development Agreement for a senior software engineer in our Singapore office, focusing heavily on technical skill development and leadership training, with quarterly performance reviews starting from March 2025."
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OR
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Performance Objectives: Specific goals, targets, and KPIs
5. Development Plan: Training, skill development, and career progression plans
6. Review Process: Evaluation periods and assessment criteria
7. Duration and Termination: Term of agreement and termination provisions
1. Compensation and Benefits: Additional provisions covering remuneration changes and performance-linked compensation
2. International Assignments: Provisions for overseas postings or training when role involves international travel/work
3. Intellectual Property: IP rights and obligations for roles involving creation of intellectual property
1. Schedule 1 - Performance Metrics: Detailed KPIs and measurement criteria
2. Schedule 2 - Development Timeline: Specific milestones and training schedule
3. Schedule 3 - Evaluation Forms: Standard assessment templates
4. Appendix A - Company Policies: Relevant internal policies and procedures
Authors
Relevant legal definitions
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