Professional Documents
Culture Documents
The automotive industry in India is one of the largest in the world with an annual production
of 23.37 million vehicles in FY 2014-15, following a growth of 8.68 % over the last year. The
automobile industry accounts for 7.1 % of the country's gross domestic product (GDP). The
Two Wheelers segment, with 81 % market share, is the leader of the Indian Automobile
market, owing to a growing middle class and a young population. Moreover, the growing
interest of companies in exploring the rural markets further aided the growth of the sector.
For the evaluation of the company the group f people will clearly evaluate the system with
clear vision. After several researches, the company go one innovative system which will
solve all the present and future requirements. The most appealing feature of the system is that
of goal setting function. The workers and managers will be given a deadline to complete a
certain task they are performing there is a feature of tie-up individual goals with the goals of
corporation.
Another new feature of the system is that the narrative statement that will support the ratings
f managers selected. Too many managers are found giving higher ratings for the poor
performers, when poor employees are told they are doing adequate job they will be
adequately, there is little incentive to improve. By this new system, the managers are forced
to give adequate ratings. The managers are informed to give proper comments regarding to
their ratings.
From the new system of evaluation the company is expecting improvement in the
management and solution f most of the problems regarding the management. The company is
watching improvements I the management system by introduction of new system to the
company. This will results in the improvement in the performance standards,
communications, and a smooth performance system.
Training
This activity is both focused upon, and evaluated against, the job that an individual currently
holds.
Education
This activity focuses upon the jobs that an individual may potentially hold in the future, and
is evaluated against those jobs.
Development
This activity focuses upon the activities that the organization employing the individual, or
that the individual is part of, may partake in the future, and is almost impossible to evaluate.
The "stakeholders" in training and development are categorized into several classes.
The sponsors of training and development are senior managers. The clients of training and
development are business planners. Line managers are responsible for coaching, resources,
and performance. The participants are those who actually undergo the processes. The
facilitators are Human Resource Management staff. And the providers are specialists in the
field. Each of these groups has its own agenda and motivations, which sometimes conflict
with the agendas and motivations of the others.
growth.
Development of skills of employees- Training and development helps in increasing
the job knowledge and skill of employees at each level. It helps to expand the
Education
The main purpose of BAJAJ is to provide education to teach theoretical concepts and develop
a sense of reasoning and judgment. That any training and development program must contain
Development
Another component of a training and development is development which is less skill oriented
but stressed on knowledge. Knowledge about business environment, management principles
and techniques, human relations, specific industry analysis and the like is useful for better
management of the company.