"Objective of performance appraisal system in citibank" Essays and Research Papers

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    This is more of a subjective system of appraisal which depends on judgmental feedback of the supervisor. Generally a description is given about the employee in an adhoc manner. Straight ranking method In straight ranking system the supervisor is asked to rate his/her subordinates from best to worst based on a set criteria. This system is also subjective and based on judgment. Paired comparison method Using paired comparison system an employee is evaluated in comparison to other employees

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    Performance Appraisal is substantial in any organization and although employers understand the rationale for assessing employees’ performance‚ they sometimes view appraisals as a burdensome task that many would like to avoid. But by focusing on these appraisals we can come to understand the effect that it can have on your employees and the organization. The many benefits that it allows‚ even to go as far as to ensure that company objectives are met as well as employee performance‚ but with any organization

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    Executive Summary The history of performance appraisal is quite brief. Its roots in the early 20th century can be traced to Taylor’s pioneering Time and Motion studies. But this is not very helpful‚ for the same may be said about almost everything in the field of modern human resources management. As a distinct and formal management procedure used in the evaluation of work performanceappraisal really dates from the time of the Second World War - not more than 60 years ago. In many organizations

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    Introduction Performance appraisal is a method which is increasingly used to evaluate employees to determine the degree to which they are performing effectively and encourage them to direct their energies towards organizational performance. Although the appraisal is being practiced‚ there are criticisms made against the system which generally arise from within the Orthodox and radical management frame work. This essay outlines the orthodox and radical critiques respectively and suggests whether

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    PERFORMANCE APPRAISAL Presented By- Diksha A Kachhap BMS 2B 13095 Acknowledgement I am using this opportunity to express my gratitude to everyone who supported me throughout this project. I am thankful for their aspiring guidance‚ invaluably constructive criticism and friendly advice during the project work. I am sincerely grateful to them for sharing their truthful and illuminating views on a number of issues related to the project. I express my warm

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    Contents Synthesis 2 Point of View 2 Statement of the Problem 2 Statement of Objectives 3 Areas of Consideration (Analysis and Assumptions) 3 Alternative Courses of Action 8 Recommendation 12 Evaluation of Alternative Courses of Action 13 Implementation Plan 15 Learning Points 17 References 18 Synthesis The case revolves around four friends Max Steadman‚ Jim Coburn‚ Lynne Sims‚ and Tom Hamilton. The group are accustomed to having an after work

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    Durables( Washing Machines‚ Dishwashers‚ Clothes Dryers) The performance appraisal system which is followed in IFB is: The company has a 3 phased approach in its system of Performance management. They are Planning‚ Review and Assessment. Based on the results of these steps‚ compensation‚ benefits‚ training and compensation revisions are made. In the first step of Planning‚ the Key Result Area format is used to set yearly objectives in performance. Key Result Area in may be defined as primary responsibilities

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    Introduction What is Performance Appraisal? It is a systematic and periodic process that assesses an individual employee’s job performance and productivity in relation to certain pre-established criteria and organizational objectives. Other aspects of individual employees are considered as well‚ such as behavior‚ accomplishments‚ potential for future improvement‚ strengths and weaknesses‚ etc… Performance Appraisal is… 1. A Shared Responsibility 2. To Plan‚ Monitor And Review 3

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    PERFORMANCE APPRAISAL An organization’s goals can be achieved only when people put in their best efforts. How to ascertain whether an employee has shown his or her best performance on a given job? The answer is performance appraisal. Employee assessment is one of the fundamental jobs of HRM. But not an easy one though. Meaning and Definition It is the systematic evaluation of the individual with respect to his or her performance on the job and his or her potential for development. In simple

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    Performance management Definition: “A process that consolidates Goal setting‚ Performance Appraisal‚ Development of a common system the aim of which is to ensure that employee performance is supporting the company ’s strategic aims.” Performance management (PM) includes activities that ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization‚ a department‚ employee‚ or even the processes to build

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