14-11-2012, 03:03 PM
A PROJECT REPORT ON PERFORMANCE APPRAISAL EFFECTIVENESS ANALYSIS AT CHAMPION VOYAGER DESIGNERS PVT LTD
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COMPANY PROFILE
Champion Voyager Designers Pvt Ltd
Champion Voyager Designers Pvt Ltd is the leading pioneer in the large-scale
outsourcing of document creation services, with more than 80 years of graphics history. It
is also the world s largest and most experienced provider of artwork and embroidery
digitizing.
They cater to more than 2,000 clients worldwide with output-ready digital files for all
types of printing, computer-generated communications, stitched apparel and product
imprinting and work 24 hours / 7 days a week / 365 days a year.
Retail and quick printers, commercial printers, apparel and promotional products
suppliers/distributors, advertising agencies and corporations rely on Champion Voyager
Designers Pvt Ltd for customized digital graphics solutions that help them generate
higher profits, increase productivity and enhance competitive differentiation, without the
ongoing costs of equipment, labor, or technology.
Partners
Apparel and Promotional Products Suppliers/Distributors
Champion Voyager Designers Pvt Ltd provides a streamlined, cost-effective process and
reliable partnership to enable better focus on selling and supporting customers, as well as
higher profit margins.
Printers
In the highly competitive printing industry, outsourcing document creation to Champion
Voyager Designers Pvt Ltd lets clients drive print revenue, lower fixed costs, improve
margins, deploy internal teams on sales and support and leverage the revenue opportunity
offered by ancillary services.
Advertising Agencies
As clients demand lower costs, greater value and faster turn times from their agencies,
Champion Voyager Designers Pvt Ltd provides a means to better apply highly-talented
and costly internal resources to creative projects and client interaction, while handing off
straightforward execution and excess demand resulting in higher profit margins.
Corporations
Outsourcing (either off-site or a combination of on- and off-site) to Champion Voyager
Designers Pvt Ltd lets internal personnel to focus on their core business, exercise greater
control over branding and improve support for internal departments and clients.
Importance and Purpose
Performance Appraisal has been considered as the most significant an indispensable tool
for an organization, for an organization, for the information it provides is highly useful in
making decisions regarding various personnel aspects such as promotion and merit
increases. Performance measures also link information gathering and decision making
processes which provide a basis for judging the effectiveness of personnel sub-divisions
such as recruiting, selection, training and compensation. Accurate information plays a
vital role in the organization as a whole. They help in finding out the weaknesses in the
primary areas.
Formal Performance Appraisal plans are designed to meet three needs, one of the
organization and the other two of the individual namely:
o They provide systematic judgments to back up salary increases, transfers,
demotions or terminations.
o They are the means of telling a subordinate how he is doing and
suggesting needed changes in his behavior, attitudes, skills or job
knowledge. They let him know where he stands with the Boss.
o Superior uses them as a base for coaching and counseling the individual.
Summary of the Performance Analysis System
Setting performance standards, observing and providing feedback, and conducting
appraisals enables the Team Leader to achieve the best results through managing
employee performance.
To begin the process, the Team Leader and the employee collaborates on the
development of performance standards. The Team Leader then develops a performance
plan that directs the employee's efforts toward achieving specific results, to support
organizational growth as well as the employee's professional growth. Discussion of goals
and objectives throughout the year provides a framework to ensure that employees
achieve results through One on One and mutual feedback. At the end of the rating period,
the Team Leader appraises the employee's performance against existing standards, and
establishes new goals together for the next rating period.
Performance Standards
How does the Team Leader decide what's acceptable and what's unacceptable
performance? The answer to this question is the first step in establishing written
standards.
Performance expectations are the basis for appraising employee performance. Written
performance standards let the Team Leader to compare the employee's performance with
mutually understood expectations and minimize ambiguity in providing feedback.
Having performance standards is not a new concept; standards exist whether or not they
are discussed or put in writing. When the Team Leader observes an employee's
performance, he usually makes a judgment about whether that performance is acceptable.
Standards identify a baseline for measuring performance. From performance standards,
the Team Leader can provide specific feedback describing the gap between expected and
actual performance.