Falcon Invoice Discounting: The best investment platform in india for investors
Performance Based Appraisal System in Pharmaceutical Industry
1. A
Seminar On
Performance Based Appraisal
System in Pharmaceutical Industry
Presented by: Guided by :
Mr. Akshay S. Jirage Dr. S. A. Payghan
(M. Pharm SEM-II ) (Assistant Professor)
Department of Department of
Pharmaceutics Pharmaceutics
Supervised by:
Dr. J. I. Disouza
(Principal)
Department of Pharmaceutics
Tatyasaheb Kore College of Pharmacy, Warananagar
2. Content-
Introduction to Appraisal
Why Appraise Performance?
Process
Classification
Standards
Performance Management
Uses
The Appraisal Period
Ratings
Sample forms
References
5/4/2013 T.K.C.P, warananagar. 1/22
3. Performance Appraisal Defined….
System of review and evaluation of job
performance in Industry.
Assesses accomplishments and evolves
plans for Pharmaceutical development.
5/4/2013 T.K.C.P, warananagar. 2/22
4. Basic Concepts in Performance
Management and Appraisal
Comparing
Performance Appraisal
and
Performance
Management
Performance Appraisal: Performance
Setting work standards, Management:
assessing performance, and An integrated approach to
providing feedback to ensuring that an employee’s
employees to motivate, performance supports and
correct, and continue their contributes to the
performance. organization’s strategic aims.
5/4/2013 T.K.C.P, warananagar. 3/22
5. Why Appraise Performance?
Appraisals provide information for
promotion and salary decisions
increase morale, improve
communication
Is part of the career-planning process.
Appraisals help manage and improve
your firm’s performance
Determine training needs
5/4/2013 T.K.C.P, warananagar. 4/22
6. The Appraisal Process:-
Performance Appraisal is the periodic
evalutaion of an employees job performance.
The evaluation of an employee’s current and
past performance relative to performance
standards
Employees are judged in three ways;
What they achieve (Results and outcomes)
What they do (Behavior and actions)
What they are (Knowledge, skills and abilities)
5/4/2013 T.K.C.P, warananagar. 5/22
9. Cont…
Trait Method- It is a more popular system
despite its inherent subjectivity
Behavioral Approach- It provides more action
oriented information to employees &
therefore may be best for development
Results-oriented Approach- Its gaining
popularity because it focuses on the
measurable contribution that employees
make to the organization
5/4/2013 T.K.C.P, warananagar. 8/22
10. Most Commonly Used Appraisal
Methods
10% 0%
32% MBO
Graphic rating
Essay
34% Other
24% Behavioral
Society for Human Resource Management reports
about 89% of surveyed managers use performance
appraisal for all their employees
5/4/2013
T.K.C.P, warananagar. 9/22
11. Performance Appraisal Standards
Performance Apprasisals standards can be
quantitative or qualitative
An appraisal involves:
Setting work standards
- Specific
- Measurable
- Agreed
- Realistic
- Timely
Assessing actual performance vs. these standards
Providing feedback to the employee
5/4/2013 T.K.C.P, warananagar. 10/22
12. Performance Management .
Process that significantly determines how
organization performs.
Managers and employees work together
to set expectations, review results and
reward performance.
Platform for assessing individual and team
performance.
5/4/2013 T.K.C.P, warananagar. 11/22
13. Uses of Performance Appraisal
•Human resource planning
•Recruitment and selection
•Training and development
•Career planning and
development
•Compensation programs
•Internal employee relations
•Assessment of employee
potential
5/4/2013 T.K.C.P, warananagar. 12/22
16. Effective Appraisal System
Job-relatedcriteria
Performance expectations
Standardization
Trained appraisers
Continuous open communication
Performance reviews
5/4/2013 T.K.C.P, warananagar. 15/22
17. The Appraisal Period
Prepared at specific intervals
Usually annually or
semiannually
Period may begin with
employee’s date of hire
All employees may be
evaluated at same time
5/4/2013 T.K.C.P, warananagar. 16/22
18. Ratings
Ratings in the terms are to be awarded to
the individual, by his immediate superior
and the departmental head in the specific
columns. The points are given as:
OUTSTANDING (OS)
COMMENDABLE (CO)
MEET EXPECTATIONS (ME)
NEEDS IMPROVEMENT (NI)
UNSATISFACTORY(US)
5/4/2013 T.K.C.P, warananagar. 17/22
19. How to Avoid Appraisal
Problems
Learn and understand the problems
Use the right appraisal tool
Train supervisors
Conduct consistent policy, procedures
and performance standards
Reduce outside factors: time constraints,
union pressures & turnover
Keep a diary of critical incidents
5/4/2013 T.K.C.P, warananagar.
18/22
20. Preparing Managers to Deliver
Performance Information
• Procedure and timing
• Performance criteria
• Rating errors
• Delivering feedback
• Compensation decisions
• Training needs assessment
5/4/2013 T.K.C.P, warananagar. 19/22
21. Hints for Delivering an Effective
Performance Appraisal
5/4/2013 T.K.C.P, warananagar. 20/22
22. Sample Performance rating form
COMPARATIVE STUDY OF PERFORMANCE
APPRAISAL IN PHARMACEUTICAL INDUSTRY.
performance appraisal form
Article in “Maharashtra Times”
5/4/2013 T.K.C.P, warananagar. 21/22
23. References
•Journal of Management and Sustainability Performance
Appraisal Process of Pharmaceutical Companies in Bangladesh: A
Case Study on GlaxoSmithKline Bangladesh Limited by Laila Zaman
East West University.
•Adler N.J., International Dimensions of Organizational Behaviour,
South Western College Publishing, 1997
•comparative study of performance appraisal on two pharmaceutical
organizations in madhya pradesh by Vikash Gupta1, Abhaya Swaroop
Oriental College of Pharmacy, Bhopal, India.
• E. G. Gani (1995). Appraising the Performance Appraisal System.
Journal of the Institute of Management Studies,Vol. 7, No. 1, Bombay.
• Schuler, Randall, S. (1981). Personnel and Human Resource
Management. West Publishing Co. N.Y.
• http://performanceappraisalebooks.info
5/4/2013 22/22