Head of HR reveals new way of measuring performance

Identifying the exact skills that a job requires is a tough ask. Only the individual truly knows what is needed at that time, and external assessors can only judge on output.

But Mike Butler, Point72’s Head of Human Capital Management, thinks he has found a new way to define, and consequently map out, the talent that is on a company’s books at any one time.

He and company President Doug Haynes worked on this method with Vega Factor, and Butler discussed the process with Business Insider; it allowed them to construct career-progression plans based on the skills that needed the most attention, while also giving staff the power to assess what they needed to focus on, how their managers should be supporting them, and what resources the firm can provide to help.

Butler says: “A job is just a cluster of skills, and now we have a way to talk about that with a lot more precision that informs every stage of the process.