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
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Performance Appraisal is very important in an organization. This paper outlines its importance and explains why it sometime fails. Developing an environment that will consistently produce cost-effective‚ high quality and schedule-beating output is a key step in the success of any organization. Performance appraisal is evaluating/comparing an employee’s actual performance with his/her performance standard. It is important for all organizations to have an effective performance appraisal system because
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Performance Appraisals December 15‚ 2013 Performance Appraisals While nobody particularly enjoys them‚ performance appraisals are a beneficial tool used by organizations. An appraisal evaluates not only the employee ’s performance but also his potential for development. As stated in the text‚ “The main objective of performance appraisals is to evaluate employees ’ work performance” (Youssef‚ 2012). Performance appraisals also show the success and efficiency of achieving organizational
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Concept of performance appraisal is the process of obtaining‚ analyzing and recording information about the relative worth of an employee. The focus of the performance appraisal is measuring and improving the actual performance of the employee and also the future potential of the employee. Its aim is to measure what an employee does. According to Flippo‚ a prominent personality in the field of Human resources‚ "performance appraisal is the systematic‚ periodic and an impartial rating of an
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PERFORMANCE APPRAISAL Performance appraisal‚ also known as employee appraisal‚ is a method by which the job performance of an employee is evaluated (generally in terms of quality‚ quantity‚ cost and time). Performance appraisal is a part of career development. Types include - Behavioral Observation Scales Behavioral Observation Scales is frequency rating of critical incidents that worker has performed. • The BOS was developed by Latham & Wexley (1977) who believed that both graphic
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United Overseas Bank Pte Ltd - Performance Appraisal Form………………....... 14 Appendix 2: Club21 Pet Ltd: Performance Appraisal Form…………………………………….20 A Comparative Study of Performance Appraisal Systems of United Overseas Bank Ltd and Club21 Pte Ltd 1. Introduction Performance Appraisal is the systematic evaluations which focus on employees’ performance and understanding their abilities for further growth and development. Performance Appraisal is one of the main streams of an
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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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with their subordinates the rating they have given for their performances for the past year. Each of them has some words about the performance appraisal method (graphic rating scales) being employed throughout the plant. Tom‚ having his baptism of fire into the process‚ expressed difficulty especially when one’s personal biases get in the way of the process. Jim spoke about concerns on performance recall and that fine-tuning appraisal could be motivating for one’s subordinates. Lynne‚ on the other
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Assessment 1 – Essay The problems with performance appraisal Introduction Formal performance appraisals form an integral part of overall performance management programs in many organisations. Indeed‚ for many decades performance appraisals have been a key method for monitoring employee performance and they often play a major role in promotion or salary increments. However‚ though appraisals continue to be widely used‚ there is significant and ongoing debate about the validity of results
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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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