CalPERS evaluates and rewards staff in the following ways:
Incentive schemes are underpinned by the Investment Beliefs, which includes recognizing that long-term value creation requires the effective management of three forms of capital: financial, physical and human.
CalPERS staff undergo annual performance reviews and performance is evaluated based on quantitative and/or qualitative performance measures. CalPERS financial incentive scheme includes ESG-related KPIs for the entire Investment Office senior staff, including the Chief Investment Officer (CIO).
The Achieving CalPERS Excellence (ACE) Award serves to recognize individuals and teams who demonstrate excellence in communication, core values, customer service, or as a champion of security.
CalPERS APEX award is the pinnacle of our employee recognition program for adminstration and junior staff. This unique, peer driven, formal award program enables all levels of to nominate and select the APEX recipients (with Investment Officer IIIs and above excluded) who demonstrate our core values and commitment to customer service principles; exhibit exceptional technical and interpersonal skills; and display a commitment to the overall success of CalPERS.
CalPERS Core Values
Our Core Values guide us in our work and are woven into the fabric of our daily interactions with our members, our employers and each other. CalPERS Core Values are the following:
Strives to exceed customers' needs and expectations through competence, innovation, and teamwork Proactively explores policy and product opportunities to better serve our customers Seeks to "do it right" the first time Considers, understands, and manages risk
Treats every person with kindness and humility Values and recognizes every individual for their unique skills, talents, and contributions. Stays present in the moment and actively listens to understand others Is courteous, responsive, and professional
Takes ownership of, and responsibility for, actions, risks, and results and uses outcomes as learning opportunities. Makes sound decisions from experience, good judgment, and collaboration. Gives and seeks clear expectations. Finds solutions that contribute to desired result
Acts in all endeavors with an ethical, honest mindset, and in a professional manner. Honors commitments, keeps promises, and builds trust Is truthful in all actions and communications
Approaches every situation with good intentions Is receptive to new and diverse ideas. Listens, cooperates, and shares across the organization. Encourages a trusting environment by being genuine and transparent in actions and communications
Supports a healthy personal and professional balance. Maintains focus on long-term goals while meeting short-term needs. Embraces opportunities for personal and professional development. Supports an environment that is optimistic and enjoyable in which relationships can prosper across our organization and communities