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Submitted in partial fulfillment of the requirement of award of Degree Bachelor of Business Administration Affiliated to Maharshi Dayanand University, Rohtak D.A.V CENTENARY COLLEGE
Ref No ..
Date
This is to certify that GAURAV BHATIA, student of Bachelor of Business Administration (CAM) 5th Sem has successfully completed his training from 5th June 2013 to 5th July 2013 with us and the project report on Performance appraisal is a original study done by him under our guidance.
During the period her commitment and dedication has been highly appreciated in the organization.
Acknowledgment
The project of this nature is arduous task stretching over a period of time, completing a project like this one takes the effort and cooperation of many people.
Although this project report is being brought in my name, it bears an imprint of guidance and cooperation of many individuals. Several persons with whom I integrated have contributed significantly to the successful completion of the project study. In the successful & trouble free completion of my final term project titled PERFORMANCE MANAGEMENT, I am graceful to D.A.V CENTENARY COLLEGE for helping us towards the completion of the project.
I extend my deepest and sincere thanks to my project guide, Mr.Ram Krishn and other HR Executives HPL Additives Ltd for the unflinching support and guidance throughout the project
I would also like to thank all the executives who shared their precious time and experience with me.
Last but not the least, I extend my sincere thanks to all the staff members of HPL Additives Ltd for their cooperation.
(GAURAV BHATIA)
DECLARATION
I hereby to declared that my project on human resource management on the titled .PERFORMANCE APPRAISAL" prepared by me under the guidance of Ms.BHARTI faculty guide of DAV CENTENARY COLLEGE is my original work findings in there part are based on the data collected by me during the course of object work while preparing this report. I have not copied from other project report submitted for a similar purpose.
(GAURAV BHATIA)
INDEX
SNO.
1. 2. 3. Company profile Literature Review Research methodology a) Introduction b) Objectives c) Research design
CONTENTS
d) Method of data collection e) Limitations of the study 4. 5. 6. 7. Data Analysis and Interpretation Conclusion Recommendation Appendix a) Bibliography b) Questionnaire
CHAPTER -1
COMPANY PROFILE
COMPANY PROFILE
HISTORY
HPL Additives Limited was incepted in 1964 and had started as a manufacturer of Polymer Additive, it has successfully diversified into Biocides, Polymerisation Catalysts, Photographic Chemicals, and Pharma & Agro intermediates. HPL Additives Limited has four state-of-the-art manufacturing units in North India two at Ballabhgarh, one at Dudhola and one at Dera Bassi. The plants have a high degree of automation and laboratory facilities to control and monitor the processes to ensure flawless, unswerving quality and safety. The group has 80% share in the domestic market and exports to more than 42 countries across the world.
HPL Additives Limited believes in providing solutions rather than products only and has added many products in the same group and has gone for diversification at appropriate opportunities. At present, there are around 60 products for different applications and many more in pipe line.
All this has been made possible by a competent and dedicated workforce of 750 personnel comprising engineers, scientists, technicians and management experts, commercial and marketing staff amongst others. Working in a congenial environment, the team members are empowered to make decisions so as to effectively respond to market dynamics. The groups R&D centre is fitted with the requisite testing equipments, bench scale facilities and a multi-functional pilot plant. Customer satisfaction is of paramount importance to HPL Additives Limited. Periodic initiatives to map dynamic customer needs and their satisfaction levels with HPLA products and services are undertaken. These precious inputs, form the basis of the companys continuous improvement plans to deliver value offering. HPLA has its values high levels of Quality, Service Efficiency, and Safety and Environmental consciousness.
HPL Additives Limited believes in continual improvement to meet the changing requirements of the customer. This philosophy has helped us to keep ahead of competition and to emerge as a Leader. Scientists and Engineers are always working on to improve the products, processes and technologies.
HPL Additives Limited has a well established distribution network including distributors and own offices in many countries to run its supply chain management. A logistics partner in Europe ensures smooth supply-line to large customers with depot inventories. The company also has an office in USA. HPL Additives Limited was one of countrys first chemical manufacturing units to establish QMS and got ISO 9001 in 1996. In its quest to meet obligations towards Environment as a responsible corporate, an EMS system was set up successfully in 2001 with accreditation from DNV for ISO 14001. Not satisfied with status quo, HPL Additives Limited continued in its journey towards fulfilling its commitment to safety, health and social responsibility and has got accreditation for OHSAS 18001 in March, 2006.
Right from the top, HPL Additives Limited is a technocrat corporation. There is a lot of focus on new product range, technologies, environment friendly and safe processes, product application and technical support. The management of the group has created a self-sufficient technology infrastructure.
MILESTONES
1964 Established by Mr. Harcharan Singh with a meager capital of RS 10000/- at Model Town, New Delhi. 1966 Shifted to Tigaon Road, Ballabhgarh.. DNPT was the first product 1970 Shifted to Plot No. 8, Sector 25, Ballabhgarh. Later on acquired Plot No. 6 & 7, now the spread over is 6 acres of land. The major product of this unit is chemical blowing agent especially Azodicarbonamide (ADC) 1976 HPL started its sister concern Mona Agro Chemicals at 3 acres of land Plot No. 72, Sector 25, Ballabhgarh with Guar Gum as the First product. Later on its name had been changed as HPL Industries Pvt. Ltd and DNPT is its major product. 1994 The Third unit of HPL, known as HPL Chemicals Ltd., started at Derabassi, Dist Mohali to manufacture Hydrazine Hydrate as major product. The spread over of this unit is 20 acres of land. 1996 HPL Additives Limited was one of countrys first chemical manufacturing units to establish QMS and got ISO 9001 for Quality. 1998 HPL started its Fourth Unit, spread over is 23 acres of land, at Village Dudhola, Tehsil Palwal, Distt. Faridabad to manufacture anti-oxidants and U-V Absorbers. 2001 Got ISO 14001 certificate for Environment. 2003 HPL got DSIR National Award for R&D efforts in Chemical and Allied Industries Sector for the year 2003 from the Government of India 2006 Certified OHSAS 18001 for Industrial Health & Safety. HPL R & D section got the prestigious Dr. P. C. Ray Award for development of Indigenous Technology for the year 2005-06 by Indian Chemical Council. The renowned business magazine (Business Sphere has awarded HPL Golden Trophy for the year 2006. 2007 The name of the company has been changed from High Polymers Labs Ltd. to HPL Additives Ltd.
Got First Grade Award for its Export performance during year 2006-07 conferred by Basic Chemicals & Cosmetics Export promotion Council (CHEMEXCIL), Mumbai, Ministry of Commerce & Industry, Govt. of India 2009 These 2 sister concerns, HPL Chemical Ltd, HPL Industries Pvt. Ltd, merged with the parent company HPL Additives Ltd. Got the Best Research Award (Polymer Science, Technology & Engineering) for commercializing Anti-oxidants product by Plastindia Foundation.
MISSION
To build a successful business enterprise on the key fundamentals of quality, delivery and service.
OBJECTIVES
To ensure customer satisfaction through consistent quality, timely delivery and a high level of service.
To continuously invest in modernization, product development and research to improve productivity and efficiency.
To maintain and build high employee morale through human resource development programmers.
To develop a reliable supply base to ensure quality and timely delivery of material.
PHILOSOPHY
Customer Care
HPL believes that all its achievements are through interactive relationship with customers. Be it external customer or internal customers. HPL is even thankful to its competitors who have a significant contribution to its success. We owe our success to our customers and shall strive to deliver the best to them - Always.
Vendor Development
We at HPL, feel that vendor is a partner to our strength and occupies a seat only next to
our customer. A closer interaction with vendors has given us a competitive edge in sourcin1g our needs. Honestly, we could not be fair to our customers without the support of our vendors.
Employee Care
HPL is a professional corporation. It believes that it is the people who make an organization successful. It enjoys very cordial Industrial Relations. Motivation, Rewards and Welfare Schemes for employees and their families have further strengthened the relationship and professional commitment.
It is our constant effort to make our products, processes, installations safer and environment friendly. New environment friendly technologies, processes are being researched constantly.
LITERATURE REVIEW
You know what you are aiming for You know what you have to do to meet your objectives You know how to measure progress towards your objectives You can detect performance problems and remedy them
WHY IT IS IMPORTANT?
The Modernizing Government agenda sets challenging new performance objectives for organizations, from the delivery of high quality services that meet the needs of their customers and stakeholders, to doing more within the constraints of available resources, through to continuous improvement in how the organization itself operates. Performance management underpins the operations and processes within a strategic change program framework. Sound practices and targets, which are both flexible and reactive to change, are needed to achieve performance improvement.
The effective performance of your organization depends on the contributions of activities at all levels - from top management policy development through to efficiently run operations.
In response to the pressures and opportunities for improving organizational performance, you need to understand how to define and measure performance as part of a concerted strategy for relevant, successful and cost-effective operations.
WHO IS INVOLVED?
Business managers are responsible for setting targets and managing performance against those targets; contract managers monitor service performance from the customer viewpoint; service providers supply performance information.
PRINCIPLES
Performance management should be an integrated part of a business lifecycle helping an organization to mature through evolving and changing performance measures, from their definition through to monitoring and review in addition, by including the IS/IT component throughout this lifecycle, rather than just considering it as a 'downstream' cost of provision, there should be enhanced benefits from an increased and more effective contribution from any investment made in IS/IT.
You will need to ensure that you have adopted sound practices in commissioning and acquiring IS/IT services to achieve performance improvement. Performance management identifies opportunities for maximizing improvements in managing service delivery in the future. Performance management helps you to make decisions about investment routes, affordability and setting investment priorities in the face of competing demands for resources.
3. Strategic level performance management: at this level the management concern is from an "outside in" as well as an internal perspective. Measures are of outcome, such as volume and value of service take-up, upward trends for inclusion, staff and users' satisfaction.
4. Program level performance management: performance management at this level is focused on the desired results of programs of change, to demonstrate what has been accomplished. The measures used would include those stated in individual business cases. Benefits management would help to determine if these are achieved.
5. Tactical or operational service level performance management: here the management focus is concerned with service delivery and outputs, using conventional service level agreement approaches and related measures of aspects such as volumes and quality.
Although performance measures and indicators may be different at each level, they will need to be.
Directional - to confirm that you are on track to reach the goals. Quantitative - to show what has been achieved and how much more is to be done. Worthwhile - adding more value to the business than they cost to collect and use.
Economy - Minimizing the cost of resources used for an activity, having regard to appropriate quality Efficiency - the relationship between outputs, in terms of goods, services or other results and the resources used to produce them Effectiveness - the extent to which objectives have been achieved, and the relationship between the intended impacts and actual impacts of an activity.
Are you measuring the right thing? Do you have the right measures? Are the measures used in the right ways? Do you determine the quality of a particular performance metric using the SMART test (Specific, Measurable, Attainable, Relevant, Timely)?
The procedures and measures used in performance management will depend, among other factors, on the type of business process which is being measured. A business process is assumed to be made up of a number of activities which transform inputs into outputs and contribute to the realisation of outcomes. The customers for a process may be external (for example, members of the public) or internal, within the same organisation or elsewhere in the public sector.
PROCESSES
You will need to review the effectiveness of your procedures for: Setting performance targets Designing measures of performance relevant to the targets Systematically and accurately measuring outcomes Assessing the performance of external service providers Using results for informed decision-making Improving performance.
Research shows that most organizations have the components of performance management in place, but they are not always used to overall advantage. A possible fivestep approach that could help organizations in improving the performance management of the IS/IT contribution is outlined below, with suggested techniques.
Look at how the organization is performing in all its aspects of performance management - from direction setting through to review and measurable improvement. Do an assessment; this will help to identify your organizations maturity and the strengths and weaknesses. Establish where you are now as a series of baselines, looking at performance management at strategic program, tactical and operational levels. Bottom-up measures of economy and efficiency are likely to be reasonably strong and have good management. This may not be so well developed for effectiveness measures
Innovation, process improvement, customer satisfaction, and contribution to policy objectives. Most organizations have a good understanding of financial measure; this level of understanding needs to be developed for other measures.
STEP
2:IDENTIFY
WHERE
PERFORMANCE
MANAGEMENT
IS
Is it in setting direction or ensuring the delivery of required benefits or improving the alignment, performance and contribution of the internal and external resources used by the organization?
Identify the values for your organization. Key values for safety critical operational services are speed and integrity of information. A different organization might place high value on information flows or on single points of access to information at a contact/call centre.
Techniques: Value chain analysis; benchmarking with other organizations (which may identify things you had not thought of)
Review performance management at each of the four levels - (organization, strategic, program and tactical). Are there weaknesses in areas that are important to your organization?
Techniques: to become more outward looking and customer-focused, use the well established balanced scorecard and EFQM techniques. To answer questions about where IT makes a contribution, use Goals, Questions and Metrics (GQM) to identify and define measures.
STEP 4: ESTABLISH WHERE YOU WANT TO BE AND BEGIN TO BUILD PERFORMANCE MANAGEMENT INTO BUSINESS PROCESSES AND INTO THE CULTURE
The aim is to have target, measurement and review processes for those things that the business considers important such as product, process, service and staff. You will have lots of measures which need to be prioritised against your particular perspective on effectiveness, efficiency and economy and against your values. establish benefits management as a norm Use databases to collect Techniques performance information and analyse trends Include performance management in the business, programme and project lifecycle
STEP
5:
FEED
INFORMATION
BACK
INTO
PERFORMANCE
IMPROVEMENT
We achieve what we set out to do? Where are the opportunities to improve? What can we do to improve? You are seeking answers to: What is achievable? What is important for our organization? What was achieved?
Techniques: Process assessment; your own targets, looking at benchmarks from the outside world.
To evaluate performance and improve communication between managers and staff on managing performance
The staff performance management system provides a mechanism to monitor and evaluate staff performance. Performance objectives are set at the beginning of the performance management cycle through open discussion between the supervisors and the appraisees. Progress is monitored regularly and feedback from staff and supervisors is collated to help clarify objectives and output expectation; and to enhance performance.
OVERALL
GOAL
AND
FOCUS
OF
PERFORMANCE
MANAGEMENT
The overall goal of performance management is to ensure that the organization and all
of its subsystems (processes, departments, teams, employees, etc.) are working together in an optimum fashion to achieve the results desired by the organization.
Note: these general activities are somewhat similar to several other major approaches in organizations, e.g., strategic planning, management by objectives, Total Quality Management, etc. Performance management brings focus on overall results, measuring results, focused and ongoing feedback about results, and development plans to improve results. The results measurements themselves are not the ultimate priority as much as ongoing feedback and adjustments to meet results.
The steps in performance management are also similar to those in a well-designed training process, when the process can be integrated with the overall goals of the organi zation. Trainers are focusing much more on results for performance. Many trainers with this priority now call themselves performance consultants.
BASIC STEPS
Various authors propose various steps for performance management. The typical performance management process includes some or all of the following steps, whether in performance management of organizations, subsystems, processes, etc. Note that how the steps are carried out can vary widely, depending on the focus of the performance efforts and who is in charge of carrying it out. For example, an economist might identify financial results, such as return on investment, profit rate, etc. An industrial psychologist might identify more human-based results, such as employee productivity.
RESEARCH METHODOLOGY
Introduction
In general terms research methodology is the process of carrying out research in a formalized and scientific way. It is one manner in which one proceeds with his research design adopted. The research done is exploratory and analytical in nature. The major emphasis in studies was on discovery of new ideas and insights. Research is done as
Did questionnaire survey with the sample size of 30.It was conducted for three main departments-Sales, Support and Service?
Did analysis and prepared Column charts according to the questionnaire survey response?
The assessment is then done to bring out what is the process being followed in HPL Additives Ltd regarding performance management.
Planning work and setting expectations, Continually monitoring performance, Developing the capacity to perform, Periodically rating performance in a summary fashion, and Rewarding good performance.
The revisions made in 1995 to the Government wide performance appraisal and awards regulations support sound management principles. Great care was taken to ensure that the requirements those regulations establish would complement and not conflict with the kinds of activities and actions practiced in effective organizations as m after of course. Additional background information on performance management can be found in the following
Planning
In an effective organization, work is planned out in advance. Planning means setting performance expectations and goals for groups and individuals to channel their efforts towards achieving the organizational objectives. Getting employees involved in the planning process will help them understand the goals of the organization, what needs to be done, why it needs to be done, and how well it should be done.
The regulatory requirements for planning employees' performance include establishing the elements and standards of their performance appraisal plans. Performance elements and standards should be measurable, understandable, verifiable, equitable, and achievable. Through critical elements, employees are held accountable as individuals for work assignments or responsibilities. Employee performance plans should be flexible so that they can be adjusted for changing program objectives and work requirements. When used effectively, these plans can be beneficial working documents that are discussed often, and not merely paperwork that is filed in a drawer and seen only when ratings of record are requirement
Monitoring
In an effective organization, assignments and projects are monitored continually. Monitoring well means consistently measuring performance and providing ongoing feedback to employees and work groups on their progress toward reaching their goals. Regulatory requirements for monitoring performance include conducting progress reviews with employees where their performance is compared against their elements and standards. Ongoing monitoring provides the opportunity to check how well employees are meeting predetermined standards and to make changes to unrealistic or problematic standards. And by monitoring continually, unacceptable performance can be identified at any time during the appraisal period and assistance provided to address such performance rather than wait until the end of the period when summary rating levels are assigned.
introduction of new technology. Carrying out the processes of performance management provides an excellent opportunity to identify developmental needs. During planning and monitoring of work, deficiencies in performance become evident and can be addressed. Areas for improving good performance also stand out, and action can be taken to help successful employees improve even further.
Rating
From time to time, organizations find it useful to summarize employee performance. This can be helpful for looking at and comparing performance over time or among various employees. Organizations need to know who their best performers are.
Within the context of formal performance appraisal requirements, rating means evaluating employee or group performance against the elements and standards in an employee's performance plan and assigning a summary rating of record. The rating of record is assigned according to procedures included in the organization's appraisal program. It is based on work performed during an entire appraisal period. The rating of record has a bearing on various other personnel actions; such as granting within-grade pay increases and determining additional retention service credit in a reduction in force. Note: Although group performance may have an impact on an employee's summary rating, a rating of record is assigned only to an individual, not to a group.
Rewarding
In an effective organization, rewards are used well. Rewarding means recognizing employees, individually and as members of groups, for their performance and acknowledging their contributions to the agency's mission. A basic principle of effective management is that all behavior is controlled by its consequences. Those consequences can and should be both formal and informal and both positive and negative.
Good performance is recognized without waiting for nominations for formal awards to be solicited. Recognition is an ongoing, natural part of day-to-day experience. A lot of the actions that reward good performance like saying "Thank you" don't require a specific regulatory authority. Nonetheless, awards regulations provide a broad range of forms that more formal rewards can take, such as cash, time off, and many no monetary items. The regulations also cover a variety of contributions that can be rewarded, from suggestions to group accomplishments.
2.
To conduct a study on social behavior. Social behavior is a very unpredictable aspect of human life but social research is an attempt to acquire knowledge and to use the same for social development.
3.
To enhance the welfare of employees. The Appraisal system is conceived by the Management but mostly doesnt take into consideration the opinion of the employees. This can lead to adverse problems in the Organization. Therefore by this study I have attempted to put forth the opinion of the employee with respect to the acceptability of the Performance Appraisal System.
4.
To exercise social control and predict changes in behavior. The ultimate object of my research is to make it possible to predict the behavior of individuals by studying the factors that govern and guide them.
RESEARCH DESIGN: Research Design refers to "framework or plan for a study that guides the collection and analysis of data". A typical research design of a company basically tries to resolve the following issues: a) Determining Data Collection Design b) Determining Data Methods c) Determining Data Sources d) Determining Primary Data Collection Methods e) Developing Questionnaires f) Determining Sampling Plan (1) Explorative Research Design: Explorative studies are undertaken with a view to know more about the problem. These studies help in a proper definition of the problem, and development of specific hypothesis is to be tested later by more conclusive research designs. Its basic purpose is to identify factors underlying a problem and to determine which one of them need to be further researched by using rigorous conclusive research designs. (2) Conclusive Research Design: Conclusive Research Studies are more formal in nature and are conducted with a view to eliciting more precise information for purpose of making marketing decisions. These studies can be either: a) Descriptive or b) Experimental Thus, it was mix of both the tools of Research Design that is, Explorative as well as Conclusive.
a. Secondary Data - It refers to the data that has already been collected, the secondary data, which has been used to carry out this study, are as follows:
* Performance assessment and development plan manual. * Companys Internet site (www.HPL Additives Ltd.in) * Other relevant study materials and websites.
Evidence, in the form of a hypothesis test, indicates otherwise that is, when researcher has a certain degree of confidence, usually 95% to 99%, that the data does not support the null hypothesis. It is possible for an experiment to fail to reject the null hypothesis.
Fair and open Objective -The system designed should aim to facilitate objective and fair assessment by the management and encourage frank and constructive feedback of appraises. These can be achieved through:
Setting clear targets and standards; Providing opportunities for supervisors to inform appraises of their performance regularly, to be accompanied by timely coaching and counseling; Permitting the appraise to have access to the entire report and to review the appraisal before the appraisal interview; and Where necessary an assessment panel should be formed to ensure fairness in performance rating.
Adopting such an open system for staff performance also supports the spirit of the Personal Data (Privacy) Ordinance.
Competency-Based
Competency refers to the knowledge, attributes, attitude and skills required to perform a job effectively. There are two broad categories of competencies: core competencies and functional competencies. Core competencies are the generic competencies associated with effective performance required by a group of job holders in a department across different divisions/sections. An example is managerial competencies required for staff in managerial positions. Functional competencies are the competencies specific to certain job functions, such as computer programming skills for programmers in the Computer Section and classroom skills for trainers in the Training Division of a department.
Competencies are reflected in a set of desirable behavior patterns which are observable, measurable and can be tracked and monitored.
Developing and using a competency-based approach enables departments to use a common language and structured way to define and describe appropriate job behaviors at different ranks as officers progress through the grade. The approach help to assess staff's potential and promo ability to the next higher rank and identify development needs of the staff. It also enhances the objectivity and transparency of performance assessment.
When core competency-based approach is adopted, departments need to ensure that the competencies are developed properly by :
Aligning individual performance objectives with departmental ones, Securing senior management's commitment, and Involving staff in the process.
Furthermore there should be a clear differentiation in competency descriptions among different ranks in the same grade. An unduly long list of competencies may adversely affect the effectiveness of the system.
For competencies to effectively serve the needs of a department, they should be department-specific and reflect the missions, values and culture of the department. Any list of competencies cannot be exhaustive. It only provides the common language and understanding of the key dimensions and descriptions that warrant attention.
Upon implementation, there should be proper and adequate training for the staff on the implementation of the performance management system
Performance planning starts with a session between the appraising officer and the appraisee to agree on the list of objectives/responsibilities for the coming appraisal period. The agreed list will include the objectives of the section/unit and the broad areas of responsibilities of the appraisees, that is key result areas (KRAs).
A Continuous Process
Staff performance management cycle is a continuous process which involves : Performance planning Continuous coaching and development Interim review Performance appraisal
Performance planning
Performance planning starts with a session between the appraising officer and the appraisee to agree on the list of objectives/responsibilities for the coming appraisal period. The agreed list will include the objectives of the section/unit and the broad areas of responsibilities of the appraisees, that is key result areas (KRAs).
Examples of KRAs are: Timely completion of caseloads Customer satisfaction and relations Staff development Resource management Project management
Specific, measurable, achievable and time bound targets will then be set on the basis of the KRAs. The appraising officer should ensure that these targets are in alignment with the overall departmental objectives and that they are clearly understood by the appraisee.
Depending on the nature of the job, appraising officers may alternatively agree with appraises a list of key responsibilities with specific performance results. This list provides the appraisees and the appraising officers with the yardstick to objectively discuss, monitor and assess performance. The list should be kept under frequent review and be revised whenever there are changes in the job.
Giving recognition to encourage and reinforce good performance; and Providing advice and counseling to help improve performance, and where appropriate, take corrective action.
Through the coaching sessions, training needs should also be identified and followed.
Interim review
An interim review is a scheduled, formal discussion between the appraising officer and the appraisee to review the latter's progress in meeting the agreed
objectives/responsibilities. This usually takes place in the middle of the appraisal period. An interim review should take the form of a structured session to provide an opportunity for additional coaching, for problem solving, and for updating objectives/responsibilities.
Ascertain whether there are potential problems that may affect the appraisers performance in the latter half of the reporting cycle and put in place preventive measures; and
Performance appraisal
Performance appraisal is the formal assessment on the appraisees performance for the appraisal period. It covers the following aspects:
How effectively the agreed objectives/responsibilities have been carried out and targets met; Whether the effectiveness has been adversely affected by any constraints or obstacles; The strengths and weaknesses of the appraisee which affected or will affect the officer's further development; And what sort of personal/career development and training actions should be taken.
For training and career development proposals put forward in the appraisal, the grade management must take the initiative to ensure any necessary follow up actions are taken in a timely and appropriate manner. These proposals will also provide useful reference for the supervisors to develop the staff's competencies. Common themes on training and development identified should be consolidated for incorporation into the training and development plans of the department and the grade.
To ensure consistency in assessment standards and fairness in performance rating in staff appraisals, heads of departments/grades may consider if an assessment panel should be set up. An assessment panel is a management tool to help departments cross moderate appraisal ratings.
An assessment panel is usually chaired by the head of branch/division or head of grade with members drawn from section/unit heads. At the start of a reporting cycle, the assessment panel will meet to discuss the marking criteria and standard. Staff will be informed of these criteria and standard and clear guidelines will be issued to appraising officers.
The assessment panel will review the completed reports on the basis of panel members' knowledge about the performance of the appraisees. If the assessment panel disagrees with the assessment of a report, the reviewing officer and the appraising/countersigning officer, where necessary, may be requested to explain before the panel. Amendments may be made to the appraisal reports to ensure parity of assessment, if necessary.
Primary Objective To understand the basic features of performance management plan or performance assessment in HPL ADDITIVES LTD and their contribution in the success of HPL Additives Ltd within a short span of previous years.
Secondary objective To identify which of the functional aspects/ Parameters are low and which dysfunctional aspects/ Parameters are high in order to put some suggestion for increasing the former and reducing the latter in other words to move from dysfunctional to functional performance assessment.
It was great learning experience to know the duties performer, responsibilities taken and the skill regained by the executives of the organization to reform heir jobs effectively and efficiently. The project not only helps me to enhance my practical knowledge but it also help me to understand how performance management work into the organization and how executives assess their own employee into the organization.
The summer project, also made me realize the worth of an HR manager. I got to know the importance of employee assessment and communication and interpersonal skill in getting things done from other. In a net shell, it was a very fulfilling and fruitful period of my life as a management student.
Performance Management is the process of crating a work area setting in which people are enabled to perform to the best of their abilities. Performance Management is a whole work system that begins when a job is defined as needed. System includes the flowing actions-
4. Outcomes measures.
8. Design effective compensation and recognition systems that reward people for their contribution.
Much work is invested, on the front end, to improve a traditional employee appreciate process, Infect managers can feel as if the new process is too time consuming ones the function of developmental goal is in place however time to an administrator the system decreases. Each of these steps to taken with the participation and cooperation of the employee for best results.
Provide opportunity for broaden feedback. Use 360` performance feedback system. Develop administer a coaching and implement plan if the employee is not meeting expectation
Prior to filling the form please read carefully Instructions to the Appraiser
Appraise the employee in related to the positions held during the period under appraisal. Be objective, Avoid any personal prejudice. Do not evaluate on the basis of isolated incidents, but base your judgment on the entire period under review. Consider each independently, uninfluenced by the rating given for other factors. This from will not be treated as complete and processed further until all selections are filled up.
Appraisal procedure
Performance appraisal encompasses the on-going work-related discussions, which take place between appraisals and appraisees throughout the year. The formal performance appraisal meeting is normally attended by the employee and manager only; but when relevant, another manager will also participate (e.g. functional head / HR person).
Exemplary performance - Far exceeds the requirement of job. Growth potential unlimited.
Very good: - Handle assignments with thoroughness and perfection, effective discharge of responsibilities to the satisfaction of superiors completes assignment in time. With a little more initiative could have performed better.
Good: - Just meets the normal requirements of the job, needs substantial improvement in all areas of work to meet requirement of complete employee.
Not Up to the Expectation - Not likely to meet the requirements of complete employee.
a)
Key responsibility areas relate to the key result area on going and inherent in the achievements and performance again each one. Targets and achievements are also to be filled after discussing with the manager. Target related to the priority activates normally are within the key responsibility areas. Target must be agreed between the manager and the subordinate. Each target should be specified in such a way that it will be clear when it is met and must include the time frame in which it elements to ensure consistence as summarized in the acronym SMART (S-specific, M-measurable, A-achievable, Rrelevant, T-timer related). Although it is anticipated the performance against the target will be assessed quarterly, it is responsibilities are reviewed at appropriate in travels every quarterly. The manager should ensure that at all times the subordinate has a clearly defined set of agreed Target.
In section 1 KRA/ assignment for the period under review should be stated. In some cases it will be necessary for the objective to be amplified on a separate sheet and this documents should be referenced on the form..
b)
Were the target / expectations for the period under review achieved? Comments and reasons for the success or failure should be given at the end of the review quarter period.
c)
At the beginnings of the quarter the target should be decided in Section 1. The aim is to achieve sustainable improvement in the subordinates performance. Enter the date by which the target should be achieved.
d)
This is the Appraisee/managers view of the overall performance. Assessment must be made on the overall rating listed above and in terms of the trend in performance.
To the filled up by the appraisee at the end of the annual review year.
The objective is to provide an opportunity to the employee and the manager to discuss the strengths that the individual brings to the job and examine the limitations, which may require attention. The aim is to improve performance and development of the individual.
Section 4 : Overall Performance / Potential Assessment Space for other comments by the manager (if required for any issues with regard to constraints to effective performance and / or supporting actions to achieve target).
b) Signature The managers and employees should sign the form at the end of the discussion acknowledging that the objectives of the appraisal have been achieved and emphasizing a joint commitment to implement and actions agreed upon. Signatures are to confirm that the form has been read and the key points have been noted.
Training for improvement and career development the training plan for the employee for the coming year should be discussed.
The training identification form has to be filled and returned to the HR department. In the month of the April for the preparation of the training calendar for the forth coming year.
The manager should return the complete field form within ten days hence from the completion of the Annual Review period to the HRD Dept. in order to attain consistency of the appraisal standards and relevant follow up action.
CHAPTER-4
DATA ANALYSIS
10%
30% 60%
1 2 3
1- Replied Yes
2- Replied Unaware
3- Replied No.
10% 0% 1
6%
4%
2- Fair Comparison
3- Ranking System
4- Rating
20%
50% 30%
1 2 3
1- Replied Yes
2- Replied Partly
3- Replied No
35% 30% 30% 25% 25% 20% 20% 15% 15% 10% 5% 5% 0% 1
Series1 Series2 Series3 Series4 Series5
1- To give incentive 2- To rate the overall performance 3- To increase overall output 4- To develop skills to compete 5- No reply
55%
15%
Series1 Series2
3- Managers 4- Peers
45% 40% 40% 35% 30% 25% 25% 20% 20% 15% 15% 10% 5%
Series2 Series1
0% 1
Series3 Series4
1- Employee work in that period 2- Employees past work 3- Output given by them 4- Cant disclose
30%
70%
1 2
1- Replied Yes
2- Replied No
What are your views for companies present performance appraisal program?
45% 40% 40% 35% 35% 30% 25% 20% 15% 15% 10% 10% 5% 0% 1
Series1 Series2 Series3 Series4
Can you suggest any new method, which can be used for performance appraisal?
80% 70% 70% 60% 50% 40% 30% 20% 20% 10% 10% 0% 1
Series1 Series2 Series3
3-
20%
80%
1 2
1- Replied Yes
2- No Comments
10%
90%
1 2
1- Goal fulfilled
2- Said No
45% 40% 40% 35% 30% 25% 20% 20% 15% 10% 5% 0% 1
Series2 Series3 Series1
40%
INTERPRETATION
After going through the answers given by the various personnels working in the company one thing is very clear that the people working in it are satisfied with the company. There are only 15% to 20% of the people who are not satisfied with the company and this is very negligible amount.
The method, which is been used mostly by the company, is confidential report. This method is very confidential and is very useful, it is been the matter between the top management and the raters only. This is mostly unbiased but at times some sort of biasness arises in between, due to which it lacks behind.
Employees want the method to be replaced by 360-degree performance appraisal as it is very new method and most of the people are unaware of it. But it really works to make the system to be successful.
Under this method the peers, managers etc have to rate the employees performance. There is least chance for the biasness to occur.
whose rating is to be done is in center and all other rates are around him who rates him based upon various predefined criterias.
Performance appraisal is done by the company in order to provide them with the incentives seek to the need for training among the employees, to motivate the employees and to develop their skills to work better.
50% of the raters are the supervisors of the company and 20% are the group leaders. People are partly satisfied with their raters.
The basic criteria kept in mind while doing the performance appraisal is the output, which is been given by the employee and the overall work done by him during the period.
After the performance is been rated the various kind of benefits are given to the employees as 70% said yes.
People are not satisfied by the present performance appraisal method used they want to go for a change and 80% said that the new method will definitely be beneficial for the company.
90% of the companys basic goal is been fulfilled by the performance appraisal of the employees.
Above is the overall analysis of the questionnaire as answered by the personnels of the company.
CHAPTER -5 CONCLUSION
CONCLUSION
HPL Additives Ltd though seems to be an open organization but has a conservative approach towards its performance management policies. There are many worker policies provided for them. Besides this, their policies are quiet rigid.
There is no proper formation of grievance cell. Only basic amenities are being provided to workers. Thus the strengths and weaknesses of the organization can be listed below.
Strengths
High concern for excellence in performance. Continuous development of workforce. No place for displacing personnel power. A strong desire for making an impact on others for the well being of the organization. A good teamwork. A desire to change adverse situations.
Weaknesses
Under utilization of decision-making power. Rigid hierarchy level.
CHAPTER 6 RECOMMENDATIONS
Recommendations
1. Though the employees are free in all respects, there should be more Employee Empowerment.
2. Employees should be encouraged to do work creatively and innovate to improve the growth rate of organizations.
3. While posting employee in different departments their personal choices should also be taken into consideration.
4. Executives must be given jobs where they are creative rather than following orders of the boss and obeying them willingly.
6. The (candidates) not considered for promotion, should be informed about their weaknesses so that they can work on it.
7. Separate session on planning the KRA should be taken up and must be discussed and signed jointly between the appraiser and the appraisee.
8. HPL ADDITIVES LTD should introduce mid year review into the system and must rate the employee and provide them with necessary training and development.
CHAPTER-7
APPENDIX
BIBLIOGRAPHY
Books
Organizational behavior - Robbins, Stephen P Personnel Management and Human Relations - Venkata Ratnam, C S and Srivastava, B K Human Resource Management - Ashwathappa, K Human Resource Management - Rao, V S P
Web sites
www.google.com www.hrmguide.net www.managementscience.org www.londonexternal.ac.uk www.hr.com www.wikipedia.com
Questionnaire
Yes No Unaware 3. Which Method of performance appraisal dos your company adopts?
Confidential Report Rating Scales Ranking System Fair Comparison Method Forced Choice Method
Critical Incident Method 360-Degree Performance Method Checklist Method Graphic Rating Scale Paired Comparison
4. Are you fully aware of the method used to measure the performance? Yes No
6. Who are performance raters? Manager Group Leader Coordinator Supervisor Peers 7. Are you satisfied with them? Yes No
8. Do you want it to be held regularly by your company? Yes No 9. Is there any increase in salary after the performance appraisal is held? Yes No
Do you get any other kind of benefit after performance appraisal is held? (Mention)
Any other suggestions you would like to give seniors in respect of performance appraisal program?