Embed
Email

KPI Performance 2010-11 - DISSF_11-12_05

Document Sample

Shared by: Kerala g
Categories
Tags
Stats
views:
0
posted:
1/27/2012
language:
pages:
4
DISSF(11-12)05









 DEBT AND INSOLVENCY SERVICE STAKEHOLDER FORUM



Achievement against AiB’s Key Performance Indicators 2010/11



FOR DISCUSSION



Purpose



1. Debt and Insolvency Service Stakeholder Forum (DISSF) members are invited

to note AiB’s performance against its Key Performance Indicators (KPIs) during

2010/11.



Decisions and actions required of DISSF



2. DISSF is invited to consider AiB’s KPI performance and provide constructive

feedback on the achievement reported in Annex A with a view to using comments as

quotes in the Annual Report & Accounts 2010/11. An example of a comment is

given in respect of KPI 1.



Key Information DISSF will need to support its decision



Background



3. At the end of 2008/09, AiB carried out a fundamental review of its KPIs to

ensure they were fit for purpose and relevant to its customers, stakeholders and

internal management. Initial measurement and benchmarking of the 8 agreed KPIs

took place during 2009/10 to set the baseline for this year’s improvement monitoring.

The KPIs, rationale behind the selection of the specific improvement measurement

and achievement against each of the targets are detailed in Annex A, an extract of

the draft Annual Report and Accounts 2010/11.



Advice and Conclusions



4. DISSF is invited to note the performance reported in Annex A to:-



 provide a comment on any KPI(s) relevant to their area of interest or

expertise by midday Thursday 7 July 2011

 indicate willingness for the comment to be included in AiB’s Annual Report

& Accounts 2010/11



Karen Halford

Business Planning Manager

20 June 2011









An agency of   

EMBARGOED UNTIL 9 AUGUST 2011 ANNEX A









ANNEX A



Key Performance Indicators





KPI 1 – To adjudicate and inform the outcome of debtor applications on receipt

of all relevant information



AiB recognises a prompt response on the outcome of an application is very

important to our customers as this will have a major impact on their financial future.

This indicator measures the time taken to notify a debtor of a bankruptcy award.



At the beginning of the year, the timescale for informing debtors of the outcome of

their applications was 6.3 days. Following a number of improvements to the Debtor

Application process as a result of the Home Owner and Debtor Protection Act

(Scotland) 2010, including the removal of Form 17, this timescale has been reduced

significantly to 4.9 days at the end of the year.



"Having finally taken the huge step of applying for bankruptcy, debtors want the

process to be as fast and efficient as possible, as this helps take the pressure off.

AiB's performance in reducing the processing and therefore waiting time for

applicants is a key element of their service delivery and is to be commended"



Yvonne MacDermid, OBE, Chief Executive, Money Advice Scotland



KPI 2 – To increase the percentage of cases where a dividend is paid out to

creditors



AiB has a statutory duty to maximise the return to creditors. Information indicates

the level of dividend is predominantly driven by the economic conditions and

environment in which cases are determined. The majority of cases where AiB is the

Trustee are those with little disposable income, which impacts on AiB's ability to

influence ongoing improvement in the rate of return. This KPI focuses its staff and

providers on, for example, contributions and changing our working practices so we

can influence an overall increase in the percentage figure of cases where a dividend

is paid.



Although ending the last quarter of 2010/11 at 14.65% of cases producing a dividend

to creditors, the average over the year has seen a slight drop from 13.2% of cases in

2009/10 to 10.6%. We have introduced a number of new processes, such as direct

telephone payment procedure and greater use of Sheriff Officers, where required,

to improve on our dividend payment performance over the coming years .









2



An agency of   

EMBARGOED UNTIL 9 AUGUST 2011 ANNEX A









KPI 3 – To promptly determine accounts on receipt of all relevant information

from trustees



It is important for creditors and other stakeholders that accounts are determined

accurately and quickly as the determination provides the authority to pay any fees,

outlays and dividends that are due.



The introduction of AiB’s web portal functionality in December 2010 has helped

improve our process for receiving and determining some bankruptcy accounts during

2010/11 by reducing the amount of time AiB staff require to determine accounts.



The average accounts determination time has reduced from 11.1 days in 2009/10, to

7.25 days in 2010/11. We will be investigating if we can extend the use of the Web

Portal to receive other accounts in 2011/12.



KPI 4 – To adjudicate and inform the result of the Debt Arrangements Scheme

applications on receipt of all relevant information



This indicator was introduced to ensure applications for Debt Payment Programmes

are processed and customers are advised of the outcome promptly to protect them

from diligence and enable them to set up repayments to creditors.



Figures for the start of the year amounted to 2.8 days and by 31 March 2011 had

reduced to 2.4 days. This decrease in process time is noteworthy given the increase

in volume of DPPs by 34% on last year.



KPI 5 – To improve customer experience



In seeking to reduce the cost of its services to the public purse, AiB’s service users –

our customers – are increasingly covering the cost of the Agency. AiB recognises

the need to focus on and improve service delivery, monitoring and evaluation

performance through customer feedback.



In October 2009 a customer service survey was carried out resulting in an overall

satisfaction rating of 93%. The nature of the score left little room for investigation of

areas for improvement. In consultation with our stakeholders, we decided to look for

a way to identify specific areas for development through a process of more regularly

gathered feedback. Work has begun to explore how we can best obtain evaluation

of the service we deliver across the range of AiB’s service users throughout the

period of a customer’s contact with the Agency.









3



An agency of   

EMBARGOED UNTIL 9 AUGUST 2011 ANNEX A









KPI 6 – To improve employee engagement within the Agency



Evidence shows that engaged employees are far more committed and productive to

improved service delivery. To measure performance against this indicator, AiB takes

part annually in the UK Civil Service Employee Engagement Survey, a survey

measuring the attitudes and opinions of Civil Servants across the UK. Taking part

allows the Agency to benchmark itself against the other 95 participating UK

Departments and Agencies.





The Agency scored an overall Employee Engagement Score of 63%. While the

score fell slightly this year in absolute terms, the Agency scores 7% higher than the

Civil Service average engagement score, placing the Agency in the top quartile of all

the organisations that took part in the survey. This is a welcome result given the

uncertain landscape of the public sector. However, in recognition that we can do

even better, we have developed action plans designed to ensure employee

engagement continues to underpin the delivery of the Agency’s objectives.





KPI 7 – To reduce the unit cost of sequestration



This KPI focuses on achieving efficiency savings in the use of staff and resources for

cases where The Accountant in Bankruptcy is trustee, helping AiB to reduce the

impact of its service delivery on the public purse. The indicator excludes Low Income

Low Asset cases.



In 2010-11 there has been a 5% drop in the unit cost of sequestration from £1,688 in

2009/10 to £1,605 in 2010/11. This has primarily been driven by the efficiencies

now feeding through from improved contracts with key suppliers involved in the

sequestration process.



KPI 8 – To reduce the unit cost of the Debt Arrangement Scheme (DAS)



This indicator measures the unit cost of processing each DAS application and Debt

Payment Programme, aiming to reduce the cost of managing the scheme. The unit

cost is the gross cost of administering the DAS and does not include contributions

paid by debtors towards their Debt Payment Programmes.



In 2010-11 the unit cost of administering DAS decreased by 45% from £58 to £32.

Over the same period the number of Debt Payment Programmes has increased by

38% on the previous year. Improvements to processes and improved efficiencies

have meant we have been able to keep increase in costs to a minimum and

combined with the increase in volume has resulted in a drop in the unit cost.









4



An agency of   



Related docs
Other docs by Kerala g
union-budget-2012-13-highlights
Views: 103  |  Downloads: 0
notification M.Tech_05-03-09
Views: 60  |  Downloads: 0
India_Customs Regulation 1
Views: 57  |  Downloads: 0
CE Notification 39-2011-12.9.2011
Views: 55  |  Downloads: 0
STATISTICS
Views: 73  |  Downloads: 0
A Hero (R.K. Narayan)
Views: 92  |  Downloads: 6
RRBPatna-Info-HN
Views: 117  |  Downloads: 0
RRB-Notice-Para
Views: 114  |  Downloads: 0
By registering with docstoc.com you agree to our
privacy policy

You are almost ready to download!

You are almost ready to download!