A performance appraisal, employee appraisal, performance review, or (career) development discussion is a method by which the job performance of an employee is evaluated (generally in terms of quality, quantity, cost, and time) typically by the corresponding manager or supervisor. A performance appraisal is a part of guiding and managing career development. It is the process of obtaining, analyzing, and recording information about the relative worth of an employee to the organization. Performance appraisal is an analysis of an employee's recent successes and failures, personal strengths and weaknesses, and suitability for promotion or further training. It is also the judgment of an employee's performance in a job based on considerations other than productivity alone.
The most popular methods used in the performance appraisal process include the following
* Management by objectives
* 360-degree appraisal
* Behavioral observation scale
* Behaviorally anchored rating scales
1.1: Statement of Research Problem
Here we work on ‘Performance Appraisal of MNC’. In our study we try determine the method of performance appraisal which is used by the Multi National Corporations (MNC). We want to recognize the employee satisfaction according to their appraisal.
1.2: Objectives of the Study
* To find the performance appraisal of the MNC.
* To ascertain the employee satisfaction according to their appraisal. * To evaluate the MNC appraisal with our local organization. * To get an insight into the relative importance of performance appraisal in MNC * To know how MNC’s use performance appraisal as an effective tools to achieve efficiency and effectiveness.
* To observe the work environment in MNC in comparison with our local company * To get experience and expertise in assignment
* To enhance the communication skill
* To increase confidence
Qualitative methods will be used to conduct this study. The information will be collected mainly from the primary and also from secondary sources. Actually we did not get enough information from secondary sources. We have directly collected our information from the selected field by the face to face conversation.
1.4: Scope and Limitation of the Study
The term paper will enhance our overall knowledge about Performance Appraisal and help us to enhance our ability to conduct with an organization. We think this term paper will also be beneficial for those people who need information about the performance appraisal of MNC. Preparing the term paper we have faced some obstructions which are * The study takes enough time to collect the information. * We did not get enough secondary information.
* Organizational restriction about disclosing the information.
Chapter: 2.0 Literature Review
Performance appraisal is a formal structured system of measuring and evaluating an employee’s job related behaviors and outcomes to discover how and why the employee is presently performing on the job and how the employee can perform more effectively in the future so that the employee organization and society all benefit According to Flippo “performance appraisal is the systematic, periodic and an impartial rating of an employee’s excellence in the matters pertaining to his present job and his potential for a better job." The work performance of the subordinate is examined and discussed in the form of a periodic interview with a structured formal interaction between a subordinate and supervisor to identify weaknesses and strengths of the subordinate as well as opportunities for improvement and skills development. The performance of each and every individual employee plays a major role to achieve organization goals and to sustain its growth in the present competitive world. The employee’s performance should assess continuously to make their contribution to...