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Project on Performance Appriasal

Project on Performance Appriasal

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Published by kamdica
Project on Performance Appriasal mba project report
Project on Performance Appriasal mba project report

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Published by: kamdica on Oct 18, 2009
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12/31/2012

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For more Notes, Presentations, Project Reports visit – a2zmba.blogspot.comhrmba.blogspot.commbafin.blogspot.com
W
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AVE
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ELECTED
 
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. 
The Economic Times – Monday 17 April 2006.
WHAT DOES INDIA INC WANT? SENIOR EXECS SPEAK OUT.Empowerment, Clarity In Organisation’s Vision Matter Most ToEmployees
Hey India Inc, if surging employee attrition is bothering you, filling employee morale is becoming an issue, and hiring people is giving you sleepless nights, then wake up andlisten to what job-hopping highflying executives in Corporate India are demanding.
For top-rung executives, clearly, empowerment and clarity in the organisation’svision is what matters the most
--- while 62% of India’s top executives want their organization to clarify its vision, 31% want more empowerment.
However, for themiddle and junior management, rewarding performance on a frequent basisappears to play an important role.
1
 
What matters to your top management
33%25%15%14%5%
   C   l  a  r   i   t  y  o  r  g  a  n   i  s  a   t   i  o  n   '  s  v   i  s   i  o  n   P  r  o  a  c   t   i  v  e  r  o   l  e  o   f   H   R   R  e  w  a  r   d  p  e  r   f  o  r  m  a  n  c  e   M  o  r  e  e  m  p  o  w  e  r  m  e  n   t   T  r  a   i  n   i  n  g   &   d  e  v  e   l  o  p  m  e  n   t
A survey carried out by the executives search firm, Executives Access, reveals this and provides many more insights into
what Indian executives are looking for in theircareer.HR is no longer a non-core function and in the ongoing talent war
, it will play acritical role in employee engagement and retention. Look at what just happened atInfosys—T V Monandas Pai traded his CFO job for the position of HR head, somethingvirtually inconceivable a few years ago. Progressive companies are now walking up tothe importance of the HR function.
According to the survey one in every four respondents across the country wantshis/her company to let HR play a proactive role.
Understandably, in the already-conscious IT and Ites sector, this proposition got a high 25% vote. But even executives inthe FMCG and hospitality sectors voted in a similar range—21-25% --- showing that thecriticality of the HR function is being felt far beyond the technology sector.
This is also a wake up call to the manufacturing sector, which has seen top talentfleeing to the service sector.
Lagging far behind the service sector in employeeengagement, a high 37% in the manufacturing sector want their companies to empower HR and make it play a proactive role.The maximum overall executives votes—33% however go to giving clarity to thecompany’s vision. Employees want their companies to deliver what they promise andwalk the talk.
Clearly, employees want their companies to constantly communicateand update them on its vision and goals.
“ There is a very serious disconnect. One in2
 
every three employees is not clear or cannot relate to his/her company’s vision,” saysRonesh Puri, managing director, Executive Access. Rewarding performance is the thirdmost critical area of concern for employees. And guess what --- this is being felt mostacutely in the media sector. Around 30% of respondents in the sector --- almost doublethe national average of 15% ---
want their companies to focus a lot more onperformance reward.
As expected, performance reward got the highest marks in Bangalore, India’s SiliconValley, where the presence of a large number of IT companies and MNCs has raisedawareness levels among executives about reward and compensation. 21% of executivessurvey in Bangalore want companies to focus on performance rewards to retain top talent.
What also came out loud and clear in the survey is a strong gender bias on theempowerment issue.
While for male executives, empowerment is an area of concernwith 17% voting for it, only 2% of women executives found it important enough inmaking their career decisions. Perhaps, the fact that top management in India Inc is still amale bastion has something to do with this, since empowerment as an issue becomesimportant in the top echelons.3

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