Covering Letter “PERFORMANCE APPRAISAL SYSTEM AND ITS EFFECTIVENESS IN AN ORGANISATION” TRAINING REPORT OF SUMMER TRAINING‚ UNDERTAKEN AT “FEDERAL MOGUL GOETZE INDIA LTD.‚ BAHADURGARH‚ PATIALA” SUBMITTED IN PARTIAL FULFILLMENT OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION COMPANY CERTIFICATE Gian Jyoti Institute of Management & Technology Page92 CERTIFICATE BY PROJECT GUIDE This is to certify that the project entitled”PERFORMANCE APPRAISAL SYSTEM AND ITS EFFECTIVENESS
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INTRODUCTION: “An effective performance appraisal system aligns individual performance with the organization’s mission‚ vision and objective.” American Compensation Association Performance Appraisal system is the systematic process by which an agency involves its employees‚ an individual and members of a group‚ in improving organizational effectiveness in the accomplishment of agency mission and goals. The primary focus of performance appraisal system is on continual discussion of
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Performance Appraisal Performance appraisal is widely conducted in organizations as they concerned about employees’ performance. (DeNisi‚2000) defines performance appraisal as “the system whereby an organization assigns some “score” to indicate the level of performance of a target person or group”. It is the process of evaluating the overall employee efficiency and the development in performance. Performance appraisal assesses the actual level of worker performance as well as understands the employee’s
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Performance Appraisal The performance of the employees need to be appraises. The good performance is to be reinforced while the bad performance is to be corrected. Performance appraisal is a process of evaluating an employee’s current and/or past performance relative to his or her performance standard (Dessler & Varkkey‚ 2011). Performance analysis is critical to the success of the performance management. It is directly reflects the organization’s strategic plan. Performance appraisal‚ though often
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employee selection‚ performance appraisal is arguably the most important management tool a farm employer has at her disposal. The performance appraisal‚ when properly carried out‚ can help to fine tune and reward the performance of present employees. In this chapter we (1) discuss the purpose for the performance appraisal‚ (2) introduce the negotiated performance appraisal approach‚ and (3) talk about the steps to achieving a worthwhile traditional performance appraisal. Strengths of the negotiated
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360 Degree Appraisal 360 degree feedback‚ also known as ’multi-rater feedback’‚ is the most comprehensive appraisal where the feedback about the employees’ performance comes from all the sources that come in contact with the employee on his job. 360 degree respondents for an employee can be his/her peers‚ managers (i.e. superior)‚ subordinates‚ team members‚ customers‚ suppliers/ vendors - anyone who comes into contact with the employee and can provide valuable insights and information or feedback
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Performance appraisals are tools that measure and evaluate a person ’s performance on the-job for a certain amount of time. There are many different types of appraisal techniques to assess the company ’s employees. Frequently these evaluations can lead to better benefits‚ promotions‚ and other rewards. The question is why do companies use appraisal systems? This paper will discuss the systems and answer this question. The performance appraisal assists in the monitoring and evaluating of high-quality
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Integral Review - A Journal of Management e-ISSN : 2278-6120‚ p-ISSN : 0974-8032‚Volume 5‚ No. 2‚ Dec.-2012‚ pp 46-52 http://www.integraluniversity.ac.in/net/journalsAndPublications.aspx PERFORMANCE APPRAISAL PRACTICES IN INDIAN BANKS Pallavee Shrivastava 1‚ Usha Kiran Rai 2 1(Research Scholar‚ Faculty of Management Studies‚ Banaras Hindu University‚ Varanasi‚ India) 2(Professor‚ Faculty of Management Studies‚ Banaras Hindu University‚ Varanasi‚ India) Abstract Banking sector is a
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performance appraisal | | 2.2 | Some definitions of performance appraisal | | 2.3 | History of performance appraisal | | 2.4 | Terms in performance appraisal | | 2.5 | Process of performance appraisal | | 2.6 | Pre-requisites for Effective & Successful Performance Appraisal | | 2.7 | Objectives of performance appraisal | | 2.8 | Purpose of performance appraisal | | 2.9 | Challenges of performance appraisal | | 2.10 | Approaches of performance appraisal | | 2.11
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A3. How can employees position themselves vis-à-vis the expectations of HR managers? Employees can position themselves in a way that results in a situation where both employees and a company can benefit from each. It will also help the employees to gain better recognition in the company and also create more chances to be head hunted by external recruiters for critical positions in the industry. Firstly‚ the most important task for any company is to imbibe its core values and principles in each employee
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