05-12-2012, 01:06 PM
SUMMER TRAINING ON PERFORMANCE APPRAISAL OF EMPLOYEES AT ESCORTS LTD
PERFORMANCE APPRAISAL.pptx (Size: 114.84 KB / Downloads: 36)
introduction
"Performance Appraisal is a formal structured system of measuring and evaluating employees job related behaviors and outcomes to discover how and why the employee is presently performing on a job and how the employee can perform more effectively in the future so that the employee, organization and society all benefit"
OBJECTIVES OF PERFORMANCE APPRAISAL
To be developmental in nature where individuals grow with the organization.
To integrate individual performance and contributions to larger organizational goals and needs.
To open greater communication between superior and subordinate.
To ensure a realistic link between performance, recognition and reward.
To provide core data for human resource development / organizational development efforts.
To encourage innovativeness through unique contribution.
To focus on employee contribution and not on efforts.
Escort group
The group infrastructure comprises:-
23 main associates/subsidiary companies
12 manufacturing locations
A full-fledged R&D facility
Nearly 10,000 employees
24 regional marketing offices
Nearly 500 ancillaries forming the vendor base
4 financial services companies
Asia’s best training institute of Farm Mechanization with 100 acre demonstration farm.
EDDAL Escorts Dealer Development Association providing management and financial support to dealers.
COMPANY PROFILE
ESCORTS LIMITED are the holding company of Escorts groups. Post restructuring, Agri Machinery or tractors has become the focus area of operations. Other businesses like I.T., construction equipment are controlled through subsidiaries and joint ventures.
Mr. Rajan Nanda as a Chairman and Mr. Anil Nanda as Vice- Chairman
Objectives of the study
1. To study the effectiveness of appraisal system in the escorts ltd company.
2. To study, whether the system is helpful for both the employer (to communicate the organizations plans, expectations, etc.) and employees (to express the training & development needs).
3. To study the employees view points on their performance appraisal.
CONCLUSION
Performance Appraisal is becoming the most suitable way to assess the suitability of any individual to his job and the basis to improve training if needed, the basis of promotion and also it is a best way of salary revision. It also helps the superior to get feedback about themselves, which can be effectively used in acquiring and sharpening their managerial and behavioral skills.