Assignment: Components of Performance Management By: Ritu Singh & Ather Hashmi PGDITBM 2013-1 -------------------------------------------------------------------------------------------------------
INFOSYS LIMITED
1. Appraisals Performance Meas!rement met"o#$ Assessment !" an in#i$i#ua%&s 'er"!rman(e is #!ne re%ati$e t! the 'er"!rman(e !" 'e!'%e )ithin his*her gr!u'+ Ratings are gi$en that ranges "r!m 1, t! + These ratings are -n!)n as .!ns!%i#ate# Re%ati$e Ran-ing /.RR0+ Rating 1, is Star Per"!rman(e an# the Star Per"!rmers are a)ar#e# )ith STAR I123SIA1 (erti"i(ate+ There is an !n%ine st!!% (a%%e# 4P5R23RMAGI.67 )hi(h ta-es (are !" entire a''raisa% 'r!(ess+ The a''raisa%s are 'er"!rme# !n(e in a year+ 2irst ste' is t! initiate the 'er"!rman(e e$a%uati!n7 )hi(h is #!ne 8y the a''raisee7 3n(e the 'er"!rman(e e$a%uati!n is initiate# !n the system7 g!a% setting /8!th 9ua%itati$e an# 9uantitati$e0 is #!ne 8y the manager*Team :ea#er !" the a''raisee an# it has t! 8e re$ie)e# an# a((e'te# 8y the a''raisee+ A"ter g!a% setting7 se%" assessment is #!ne 8y the a''raisee+ Team :ea#er then re$ie)s the 'er"!rman(e an# gi$es the rating in !ne t! !ne meeting )ith the a''raisee+ A "ina% re$ie) is #!ne 8y the Manager+ It a%s! res!%$es (!n"%i(t7 i" any an# the 'er"!rman(e e$a%uati!n are then (%!se#+ The !$era%% 'er"!rman(e is 8ase# !n the g!a%s assigne#7 (!nsisten(y !" 'er"!rman(e7 (!m'%e;ity !" )!r- en$ir!nments7 %i$ing the in"!sys $a%ues+ The .RR rating im'a(ts three -ey areas name%y In#i$i#ua% Per"!rman(e In(enti$es7 'r!m!ti!na% 3''!rtunities an# Sa%ary re$ie)s+ A''raisa%s are $ey im'!rtant (!m'!nent !" the 'er"!rman(e management 8e(ause 1+ It is a systemati( )ay !"
INFOSYS LIMITED
1. Appraisals Performance Meas!rement met"o#$ Assessment !" an in#i$i#ua%&s 'er"!rman(e is #!ne re%ati$e t! the 'er"!rman(e !" 'e!'%e )ithin his*her gr!u'+ Ratings are gi$en that ranges "r!m 1, t! + These ratings are -n!)n as .!ns!%i#ate# Re%ati$e Ran-ing /.RR0+ Rating 1, is Star Per"!rman(e an# the Star Per"!rmers are a)ar#e# )ith STAR I123SIA1 (erti"i(ate+ There is an !n%ine st!!% (a%%e# 4P5R23RMAGI.67 )hi(h ta-es (are !" entire a''raisa% 'r!(ess+ The a''raisa%s are 'er"!rme# !n(e in a year+ 2irst ste' is t! initiate the 'er"!rman(e e$a%uati!n7 )hi(h is #!ne 8y the a''raisee7 3n(e the 'er"!rman(e e$a%uati!n is initiate# !n the system7 g!a% setting /8!th 9ua%itati$e an# 9uantitati$e0 is #!ne 8y the manager*Team :ea#er !" the a''raisee an# it has t! 8e re$ie)e# an# a((e'te# 8y the a''raisee+ A"ter g!a% setting7 se%" assessment is #!ne 8y the a''raisee+ Team :ea#er then re$ie)s the 'er"!rman(e an# gi$es the rating in !ne t! !ne meeting )ith the a''raisee+ A "ina% re$ie) is #!ne 8y the Manager+ It a%s! res!%$es (!n"%i(t7 i" any an# the 'er"!rman(e e$a%uati!n are then (%!se#+ The !$era%% 'er"!rman(e is 8ase# !n the g!a%s assigne#7 (!nsisten(y !" 'er"!rman(e7 (!m'%e;ity !" )!r- en$ir!nments7 %i$ing the in"!sys $a%ues+ The .RR rating im'a(ts three -ey areas name%y In#i$i#ua% Per"!rman(e In(enti$es7 'r!m!ti!na% 3''!rtunities an# Sa%ary re$ie)s+ A''raisa%s are $ey im'!rtant (!m'!nent !" the 'er"!rman(e management 8e(ause 1+ It is a systemati( )ay !"