ATraining Report Titled A study of Performance Management System for the training undergone at LIBERTY COMPANY

DECLARATION I hereby declare that I have completed the project entitled A study of Performance Management System assigned to me by Liberty Shoes ltd. for thetraining report to be submitted in the partial fulfillment of MBA-5yr. Degree fromKurukshetra University. Further I declare that this is original work done by me andinformation provided in the study is authentic to the best of my knowledge belief mytraining period was from 01. 07. 2010 to 31. 07.2010.This study has not been submitted to any other Institution or University forthe award of any other degree or for any purpose

Preface Managing human resources in todays dynamic environment is becoming more and morec o m p l e x a s w e l l a s i m p o r t a n t . R e c o g n i t i o n o f p e o p l e a s a v a l u a b l e r e s o u r c e i n t h e org anization has led to increases trends in employee maintenance, job security, etcMy research project deals with Perform ance Management System as carried out at Liberty puram (Kutail). In this report, I have studied &evaluated the performance ManagementSy stem process as it is carried out in the company.In the first section of my report, I have conducted a research study to evaluate the process of performance Management System as carried out at Liberty puram (Kutail).The second section of my report deals with a detailed company profile. It includes the companys history: its activities and operations, organizational structure, etc. this sectionattempts to give detailed information about the company and the nature of its functioning.The third section deals with performance Management System. In this section, I have given a brief conceptual explanation to performance Management System. It contains the definition, process and significance of performance Management System. this section also contains myfindings, conclusions, suggestions and feedback

Acknowledgement A drop of ink makes million think Any research work is never an individual effort. It is contributory effort of many hearts &heads. I take this opportunity to express my appreciation & gratitude to all those, with whomI worked, interacted and whose insides and thoughts help me in furthering my knowledge andcompletion of my project report.A project of this nature is the product of the ideas and experiences of several persons. So, anundertaking of a work like this is never the outcome of efforts of a single person, rather it bears the imprints of a number of persons who are behind the curtain.First of all, I would like to extend my thanks to MR. ADESH GUPTA C.E.O., liberty shoesLtd. who exceeded to my request and allowed me to work on this project.At the earliest, I express my gratitude towards MR.Y. K. SHARMA (Industrial Guide) as aAsstt. Manager- H.R. of Liberty Shoes Ltd. he always gave valuable guidance through over the tenure of my work. I also provide thanks to Mr. TEJPAL, JOGINDER and VIKRANT &other staff member of HR Deptt. of Liberty Shoes Ltd. for their help & cooperation.I would also thanks to respected director sir and other faculty members of my institute.Last but not least, I would like highly thanks to my father and all of them who help medirectly and indirectly in accomplishment of my training and give highly cooperation in this C H A P T E R T I T L E P A G E N O . NO. 1) INTRODUCTION 2) RESEARCH METHODOLOGY

3) INDUSTRY PROFILE 4) COMPANY PROFILE 5) PROJECT 6) DATA ANALYSIS 7) CONCLUSION 8) SUGGESTIONS 9) BIBLIOGRAPHY 10) ANNEXURE

INTRODUCTION Introduction To Company THE MAN WHO CANNOT BELIEVE IN HI M S E L F C A N N O T B E L I E V E I N ANYTHING ELSE.Roy L. Smith According to him, the person firstly should try to believe on himself then start to believe onothers and same slogan is proved by these honorable persons late Mr. D P Gupta, late Mr. PD Gupta and late Mr. R K Bansal. With their efforts they started their business in 25 th Dec,1954 with five firms :Liberty Footwear CompanyLiberty EnterprisesLiberty LeathersLiberty Group Marketing DivisionLiberty Shoes Limited.Liberty shoe LTD is one of the oldest companies which completed their life cycle more than50 years. Company occupies the market share near about 15 to 20 % of the total footwear market. And get 5th position in the world foot wear market. This position is only possiblewith the efforts of the firm and proper utilization of the available funds. Performance Employee Performance Managementi s a p r o c e s s f o r e s t a b l i s h i n g a s h a r e d workforce understanding about what is to be achieved at an organisation level. It is about aligning theorganisationalobjectives w i t h t h e e m p l o y e e s a g r e e d measures, skills, competencyr e q u i r e m e n t s , d evelopment plans and the delivery of results . T h e e m p h a s i s i s o n improvement, learning and development in order to achieve the overall businessstrategyandto create a high performanceworkforce.

Performance management includes activities to ensure that goals are consistently being metin an effective and efficient manner. Performance management can focus on the performanceof an organization, a department, employee, or even the processes to build a product or service, as well as many other areas