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Performance Management and Appraisal

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Performance Management and Appraisal
PERFORMANCE MANAGEMENT AND APPRAISAL

A PROJECT REPORT

Submitted by in partial fulfillment o f the requirement for the award of the degree

Of
MBA

IN

HUMAN RESOURECE MANAGEMENT

INDEX

SR.NO TOPIC PAGE NO
1. INTRODUCTION 2. PERFORMANCE MANAGEMENT 3. PROCESS OF PERFORMANCE MANAGEMENT
4.
PERFORMANCE APPRAISAL
5. COMPANY PROFILE-
KMC CONSTRUCTION LTD. 6. CONCLUSION

Chapter 1

INTRODUCTION TO PERFORMANCE MANAGEMENT AND APPRAISAL

Human Resource (or personnel) management, in the sense of getting things done through people, is an essential part of every manager’s responsibility, but many organizations find it advantageous to establish a specialist division to provide an expert service dedicated to ensuring that the human resource function is performed efficiently
“People are our most valuable asset” is a cliché, which no member of any senior management team would disagree with. Yet, the reality for many organizations are that their people remain under valued, under trained and under utilized.
The market place for talented, skilled people is competitive and expensive. Taking on new staff can be disruptive to existing employees. Also, it takes time to develop ‘cultural awareness’, product / process / organization knowledge and experience for new staff members. FUNCTIONS OF HUMAN RESOURCE MANAGEMENT
Following are the various functions of Human Resource Management that are essential for the effective functioning of the organization:
1. Recruitment
2. Selection
3. Induction
4. Performance Appraisal
5. Training & Development

Recruitment
The process of recruitment begins after manpower requirements are determined in terms of quality through job analysis and quantity through forecasting and planning.
Selection
The selection is the process of ascertaining whether or not candidates possess the

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