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Reliance Money is the most cost-effective, convenient and secure way to transact in a wide range of financial products and Services.
Performance Appraisal
Performance appraisals are a regular review of employee performance within organizations.
Training project ( Performance Appraisal method adopted by company, research on first line executives)
Procedure adopted by company for performance appraisal Providing guidelines to employer Providing competency dictionary to the employer
WORK RELATED QUALITY RELATED
Competency Analysis
Please note that a strong or a weak rating under an attribute should not cloud your judgment of his rating on the other attributes.
In this form some important performance objectives for the period are listed focusing on alignment with companys strategies & goals. Ensuring they are SMART (specific, measurable, agreed, realistic (with stretch) and are time bound). And performance ratings are given
Such as Excellent (Ex) / Very Good (VG) / Good (G)Average ( A) / Needs Development (ND)
Competency Analysis
Gap is find out among
Required level Last appraisal Current appraisal Reason for Gap are find out Plan / Corrective Action (Training /Counseling/job rotation/transfer ) are taken
My Project
Objective of study
To study the performance assessment procedure of the company.
And on what basis assessment is done. Measures taken after the appraisal
Sampling plan
A sample of 20 was taken the sample size of 20 individuals were selected
Questionnaire
Name Designation Are appraisals conducted on regular basis? Yes No if yes, it is conducted? Annually half yearly quarterly Are you satisfied with the appraisal process conducted Yes No If no, give suggestions. . .. .. Is there superior help in solving problems? Yes No Is there any biasness in performance assessment? Yes No What measures should be taken for weak performers? Training Termination Transfer What rewards should be given to good performers?
Data Interpretation
Analysis:
out of 20 people all the 20 says that appraisal is done on regular basis.
25 20 15 10 5 0 yes no
Analysis:
15
10 yes 5 no
0 1st Qtr
Analysis: Out of 20 , 12 says that their superior help them. 8 says no.
12 10 8 ye s 6 4 2 0 no
Analysis: Out of 20,14 say that training, 3 say that termination, 3 say that transfer
14 12 10 8 6 4 2 0 training term ination transfer
Analysis: Out of 20, 16 says that promotion, 2 say that bonus, 2 says that paid holidays
20 15 pe r m otion 10 5 0 bonus paid hollidays
Findings
Majority was satisfied with appraisal process. There was some biasness with in organization. All were not satisfied with the attitude of superior. Most of them emphasis on Promotions. Training programs were not regular.
Recommendations
Relations among superior and junior should be improved.
Trainings should be regular.