Steve Cohen is changing what it means to be a star employee

His family office, Point72 Asset Management, is rolling out a new way of measuring performance that will identify core, necessary skills and rank them on a 6-point scale.

“A job is really 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,” Mike Butler, Point72’s head of human capital management, told Business Insider.

Butler and President Doug Haynes, a McKinsey veteran, joined forces with an external consulting firm, Vega Factor, to identify the essential skills required for individual roles, build an inventory of those skills across every position in the firm, and map it all out.

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