performance appraisal proces iin godrej (gcpl)

Performance Appraisal Processin Godrej(GCPL)

Structure Of Performance Appraisal in GCPL

Structure Of Performance Appraisal in GCPL

• The methods that form a part of the performance appraisal system in GCPL are as follows:– Forced Distribution Method– Balance Score Card– Rating System

Balance Score Card

Balance Score Card

• The balanced scorecard (BSC) is a strategy performance management tool.

• It is recommend that managers gather information from four important perspectives:– The customer's perspective. – The internal business perspective– The innovation

and learning perspective.

– The financial perspective.

RATING SYSTEM

The ratings are given against commitments such as:• Substantially falls short of expectation• Almost meets expectation• Meets expectation• Exceeds expectation• Substantially exceeds expectation

Forced distribution method

•This is a method of performance appraisal to rank employee but in order of forced distribution.•Advantage:

They force reluctant managers to make difficult decisions and identify the most and least talented members of the work group

•Disadvantage:They discourage collaboration and teamwork