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SYNOPSIS
ON
AT
Submitted by
S. DANI KRISHNA
HT NO: 212118672100
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ARISTOTLE PG COLLEGE
Human resource management (HRM) is the strategic and coherent approach to the
management of an organization's most valued assets - the people working there who
individually and collectively contribute to the achievement of the objectives of the business
Once clear and specific performance criteria have been developed, the next step is to
decide how to assess workers’ performance. It is recommended that a structured and
systematic approach is taken to assessing performance. Problems that arise when an
unstructured “blank sheet” approach is used include:
• Increased chance of appraiser errors
• Knowledge, skills and abilities most critical to job performance may be overlooked
• Reduced consistency between appraisers
• Perceptions of “subjectivity” in evaluations, which may in turn, reduce workers’
satisfaction with, and acceptance of, appraisals.
Once the appraisal measures are developed, the next step involves collection of
accurate performance information. A common trap is to begin noting observations of workers
just before conducting appraisals. This is likely to give an inaccurate picture of a worker’s
performance. Ideally, workers’ performance should be observed in a systematic way over
time .This method ensures the accuracy of information about their performances.
As with any organizational system, the 360 Degrees Performance appraisal process should
undergo regular review and improvement.
CHAPTER-III
RESEARCH METHODOLOGY
“Research is simply a systematic and refined technique of thinking, employing specialized
tools, instruments, and procedures in order to obtain a more adequate solution of a problem
than would be possible under ordinary means. It starts with a problem, collects data or facts,
analysis these critically and reaches decisions based on the actual evidence. It evolves
original work instead of mere exercise of personal. It evolves from a genuine desire to know
rather than a desire to prove something. It is quantitative, seeking to know not only what but
how much, and measurement is therefore, a central feature of it.”
To study the 360 Degrees Performance appraisal method conducting by the HERO
MOTOCORP LIMITED.
To analyze the awareness and satisfaction of the employee in.
To identify how far organization succeed in conducting performance appraisal.
To review the performance of the employees over a given period of time.
To judge the gap between the actual and the desired performance.
To help the management in exercising organizational control.
Helps to strengthen the relationship and communication between superior –
subordinates and management – employees.
RESEARCH METHODOLOGY
Work 360 Degrees Performance appraisal systems assess the employee's effectiveness, work
habits and also the quality of the work produced. The research methodology used to evaluate the
accuracy and effectiveness of the appraisal instrument takes different forms and depends on the
type of career professional under the microscope for ev
aluation, but the foundation for all evaluations rests on several basic research techniques. The
evaluation methodology corroborates the original employee evaluations and performance
appraisals through supporting multiple research reporting measures.
TYPE OF RESEARCH:
The present project is Descriptive in nature, the data based on facts collected with the help of
the tools and presented in the form of pie chart and bar-charts, and percentages, describing
present status of the appraisal technique adopted by the organization.
Data is the collection of the individual records in the form of numerical, words…etc for the
evidence of research. This can be done using the collection from different methods.
PRIMARY DATA:
The data that has been analyzed and observed by the researcher for the first time to their
knowledge. It is considered more reliable.
Primary data collected form Engineers, Supervisors and Operators, with respect to the
content like their satisfaction, knowledge, feedback, Objectives of appraisal
form…etc.
Mode of data collection : Questionnaire and interview method
Data collection tool : Questionnaire.
SECONDARY DATA: This data is the statistics not gathered form immediate study at hand
but for some other purpose. The secondary data for the study was collected mainly from
appraisal form, website.
SAMPLE DESIGN:
It is definite plan for obtaining a sample from a given population. It refers to the technique or
the procedure the researcher would adopt in selecting items for the sample.
POPULATION: It refers to the aggregate of data source or any aggregate from which data is
collected .Unrevised is the target group of study and is finite.
SAMPLE SIZE: A sample is a small portion of the population. In the study a sample of 80
employees who are engineers, supervisors and operators.
The basic tools used for the study were questionnaire and interview methods.
QUESTIONNAIRE: A questionnaire handed with engineers, supervisors, and operators
based on the various aspects of 360 Degrees Performance appraisal form. Questionnaire was
prepared on the basis content in appraisal form of the company which is helpful to understand
and brings the awareness about the technique.
COMPANY PROFILE
Hero MotoCorp Ltd. (Formerly Hero Honda Motors Ltd.) is the world's largest
manufacturer of two - wheelers, based in India.
In 2001, the company achieved the coveted position of being the largest two-wheeler
manufacturing company in India and also, the 'World No.1' two-wheeler company in terms of
unit volume sales in a calendar year. Hero MotoCorp Ltd. continues to maintain this position
till date.
Today, every second motorcycle sold in the country is a Hero Honda bike. Every 30 seconds,
someone in India buys Hero Honda's top-selling motorcycle – Splendor.
Vision:
The Hero Honda story began with a simple vision – the vision of a mobile and an empowered
India, powered by Hero Honda. This vision was driven by Hero Honda’s commitment to
customer, quality and excellence, and while doing so, maintaining the highest standards of
ethics and societal responsibilities. Hero Honda believes that the fastest way to turn that
dream into a reality is by remaining focused on that vision.
Strategy:
Hero Honda’s key strategy has been driven by innovation in every sphere of activity –
building a robust product portfolio across categories, exploring new markets, aggressively
expanding the network and continuing to invest in brand building activities.
Manufacturing
Hero Honda bikes are manufactured across three globally benchmarked manufacturing
facilities. Two of these are based at Gurgaon and Dharuhera which are located in the state of
Haryana in northern India. The third and the latest manufacturing plant is based at Haridwar,
in the hill state of Uttrakhand.
Technology
In the 1980’s Hero Honda pioneered the introduction of fuel-efficient, environment friendly
four-stroke motorcycles in the country. Today, Hero Honda continues to be technology
pioneer. It became the first company to launch the Fuel Injection (FI) technology in Indian
motorcycles, with the launch of the Glamour FI in June 2006.
Products
Hero Honda's product range includes variety of motorcycles that have set the industry
standards across all the market segments. The company also started manufacturing scooter in
2006. Hero Honda offers large no. of products and caters to wide variety of requirements
across all the segments.
Distribution
The company's growth in the two wheeler market in India is the result of an intrinsic ability
to increase reach in new geographies and growth markets. Hero Honda's extensive sales and
service network now spans close to 4500 customer touch points. These comprise a mix of
authorized dealerships, Service & Spare Parts outlets, and dealer-appointed outlets across the
country.
Brand
The company has been continuously investing in brand building utilizing not only the new
product launch and new campaign launch opportunities but also through innovative
marketing initiatives revolving around cricket, entertainment and ground- level activation.
Hero Honda has been actively promoting various sports such as hockey, cricket and golf.
Hero Honda was the title sponsor of the Hero Honda FIH Hockey World Cup that was played
in Delhi during Feb-March 2010. Hero Honda also partners the Commonwealth Games Delhi
2019.
2019-18 Performance
Hero Honda’s mission is to strive for synergy between technology, systems and human
resources, to produce products and services that meet the quality, performance and price
aspirations of its customers. At the same time maintain the highest standards of ethics and
social responsibilities.
This mission is what drives Hero Honda to new heights in excellence and helps the
organization forge a unique and mutually beneficial relationship with all its stake holders.
Hero Honda is a world leader because of its excellent manpower, proven management,
extensive dealer network, efficient supply chain and world-class products with cutting edge
technology from Honda Motor Company, Japan. The teamwork and commitment are
manifested in the highest level of customer satisfaction, and this goes a long way towards
reinforcing its leadership status
CHAPTER-V
CHAPTERIZATION
CHAPTERIZATION
CHAPTER-1
INTRODUCTION
CHAPTER-2
REVIEW OF LITERATURE
CHAPTER-3
RESEARCH METHODOLOGY
NEED OF THE STUDY
OBJECTIVES OF THE STUDY
SCOPE OF THE STUDY
DATA COLLECTION
LIMITATIONS
STATISTICAL TOOLS
CHAPTER-4
INDUSTRY/COMPANY PROFILE
CHAPTER-5
DATA ANALYSIS
CHAPTER-6
FINDINGS
CHAPTER-7
SUGGESTION & CONCLUSION
BIBLIOGRAPHY
ANNEXURES