Preview

Performance Management and Appraisal

Powerful Essays
Open Document
Open Document
10873 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
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

You May Also Find These Documents Helpful

  • Good Essays

    Performance Appraisal

    • 699 Words
    • 3 Pages

    1. what is? Involves the identification—what areas of work should be exam, should focus on performance that affects organizational success…

    • 699 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Human resource management is essential for an organization to be effective and efficient. Four fundamental functions are required to manage human resources:…

    • 1697 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Performance and Appraisals

    • 2077 Words
    • 9 Pages

    Human Resource Management Project on Performance and Appraisals Index |Sr. No. |Content |Page No. | |1. |History of BMW |3 | |2.…

    • 2077 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Cipd Resourcing Talent

    • 994 Words
    • 4 Pages

    One of the main factors that influence the organisations approach is cost. The recruitment of a new employee would affect the overall budget of the organisation. Often an organisation will try to share the work between other members of staff before turning to recruiting a new role to keep the costs down. The cost is not just for a new employees wage but for the advertisement and preparation behind the employment, including new computer and the equipment required for the role.…

    • 994 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    An original performance appraisal system for a human service organization is something that helps a business succeeds. This is done by hiring employees, having the right managers to manage the business, and to stick to a system that helps out step by step. Having good managers to step rules and keep the business running smoothly. Also this system helps manage thing to the point that they are able to give rewards to everyone that deserves it (Peter M. Kettner, 2002).…

    • 785 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    The field of human resources encompasses the type and level of management requisite for the active and effective recruitment, hiring, day to day employment practices, job termination policy, job description policy and much more. It is by developing an understanding of proactive techniques that when effectively applied to company’s workforce – a human resource team can actually change conditions on the ground. Human resources professionals everywhere have begun to tangibly widen profit margins by increasing not only efficiency, but productivity as well. Indeed the role of the human resources in the workplace has shifted dramatically as these consultants, specialists, teams and entire company departments apply proven methods of management to what would otherwise be inefficient employee bases.…

    • 4596 Words
    • 19 Pages
    Better Essays
  • Good Essays

    Performance Appraisal

    • 7131 Words
    • 29 Pages

    After 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.…

    • 7131 Words
    • 29 Pages
    Good Essays
  • Good Essays

    Research has shown that the human aspect of resources within an organisation contributes approximately eighty percent of the organisation’s value. This implies that if people are not managed properly, the organisation faces a serious chance of falling apart. The Human Resource Department’s main objective is to bring out the best in their employees and thus contribute to the success of the Company.…

    • 2554 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    The management of Human Resources has now assumed strategic importance in the achievement of organizational growth and excellence. As globalization advances and we move into the information age, organizations need to adapt to the changes in technology and the changing issues in management of people.…

    • 2907 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    manage operational plan

    • 2472 Words
    • 12 Pages

    Recruitment is another traditional area high quality candidate’s should be attracted to the positions the person and position requirements should clearly established. A variety of selection methods appropriate to the situation should be used like entrance tests an interview.…

    • 2472 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Performance Appraisal

    • 1043 Words
    • 5 Pages

    This is to certify that Ms Neha Gupta a student of PGDM III semester at Maharishi Arvind International Institute of Management has completed Training Project entitled “To analyze the present performance appraisal at NTPC”. This project has been completed after studying for one year in PGDM course and for partially fulfilling the requirements for award of PGDM.…

    • 1043 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Performance Appraisal

    • 414 Words
    • 2 Pages

    PERFORMANCE APPRAISAL METHODS The Critical Incidents File The critical incidents file is a performance appraisal method in which the manager writes down positive and negative performance behavior of employees throughout the performance period. The critical incidents file is a form of documentation that is needed in this litigious environment. The Rating Scale The rating scale is a performance appraisal form on which the manager simply checks off the employee’s level of performance. Some of the possible areas evaluated include quantity of work, quality of work, dependability, judgment, attitude, cooperation, and initiative. Behaviorally Anchored Rating Scales (BARS) BARS is a performance appraisal method combining rating and critical incidents. It is more objective and accurate than the two methods separately. Rather than having excellent, good, average, and so forth, the form has several statements that describe the employee’s performance, from which the manager selects the one that best describes the employee’s performance for that task. Standards are clear when good BARS are developed. Ranking Ranking is a performance appraisal method that is used to evaluate employee performance from best to worst. Under the ranking method, the manager compares an employee to another employee, rather than comparing each one to a standard measurement. An offshoot of ranking is the forced distribution method, which is similar to grading on a curve. A predetermined percentage of employees are placed in performance categories: for example, excellent—5 percent, above average—l5 percent, average—GO percent, below average—l5 percent, and poor—5 percent. Management by Objectives (MBO) MBO is a process in which managers and their employees jointly set objectives for the employee, periodically evaluate the performance, and reward according to the results (review Chapter 6 for details). The Narrative Method The narrative method requires the manager to write a statement about the employee’s…

    • 414 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Performance Appraisal

    • 909 Words
    • 4 Pages

    Corporations, government agencies and nonprofit organization are used strategic planning as tool for transforming and revitalization. For the political and economic uncertainty the pace of technological and social change has changed or faster. There have some problem of planning efforts which can’t match this pace.…

    • 909 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Performance Appraisal

    • 5534 Words
    • 23 Pages

    International Journal on Arts, Management and Humanities 1(1): 63-72 (2012) ISSN No. (Online): 2319 – 5231…

    • 5534 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    Intern Report

    • 12613 Words
    • 51 Pages

    Human resource (or personnel) management, in the sense of getting things done through people, is an essential part of every manager’s responsibilities, 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.…

    • 12613 Words
    • 51 Pages
    Powerful Essays