Performance appraisals at the company use various methods, including 180, 360, 540, and 720 degree feedback. The 180 and 360 degree methods involve collecting feedback about an employee from their manager and other sources. The 540 degree method collects feedback from superiors, subordinates, peers, internal customers, and external stakeholders. The 720 degree method involves two rounds of 360 degree feedback. The company uses an online system called EMS for performance reviews, which is completed annually and reviewed quarterly. Employees, managers, and senior managers participate in the EMS process. Ratings are given according to a scale and an overall rating is calculated through a formula. Salary increments are given in April each year following performance discussions.
2. PERFORMANCE APPRAISAL SYSYTEM
⢠Performance appraisal is the methodology by virtue of which an individual employee is
apprised of his/her strong points & weaknesses, with respect to the job under taken,
with a view to strengthen the strong points & eradicate the weaknesses, in order of
priority, so that both individual employee & the organization work in conjunction
with each other towards organizational effectiveness.
3. ⢠180Ë Appraisal:- extends the traditional appraisal process to make the feedback
process two-way. Feedback from team members can be provided to their line
manager on a one-to-one basis during the individualâs appraisal discussion, or it
can be collated and presented as group feedback from all team members.
⢠360Ë Appraisal:- involves capturing feedback about an individual from a range
of people (respondents) including his or her line manager, colleagues and direct
reports. The data is then compared with the individualâs own assessment of
their performance.
5. 540Ë:- The Range Of Feedback On The Performance Of An Employee Is
Generated From The Stakeholders - Superiors, Subordinates. Peers, Internal
And External Customers, Clients Or Suppliers Is Known As 540 Degree
Feedback Or Appraisal.
⢠720Ë:- 720 degree as the name suggests is 360 degree twice , It provide for
two round of feedback (a pre and post ) or a feedback approach.
6. ⢠Believe in One to One Manager Interaction
⢠Rating Method is used.
⢠Rating will be given by manager and by employee.
⢠It will be done once a year.
⢠Final appraisal of an employee will be decided by HR.
⢠Employee Performance Review Form will be given to individual
employees. Client appreciation mail or any other attachment can
be added.
⢠If not satisfied, then again one to one interaction will be done
with HR and Manger.
⢠Final payroll will be decided in the next month.
7. RATING DESCRIPTION RATING
RATING VIEW
Significantly exceeds
performance requirements 5 Very Strong
Exceeds performance
requirements 4 Strong
Meets performance
requirements 3
Neither a Strength nor a
Development need
Marginally meets performance
requirements 2 Some Improvement Needed
Unacceptable performance 1 Major Improvement Needed
8. ⢠âManagement by Objectiveâ and âRating Scale Methodâ are the methods which are
used in Performance Management System.
⢠Online system of EMS (evaluation measurement system) portal is created.
⢠3 Participant will be there in EMS. I.e. Employee, Manager and Senior Manager.
⢠EMS will be done once in a year and reviewed quarterly.
⢠EMS verticals are defined as-
1. Leadership
2. Team Work and Pipeline
3. Quality
4. Cost.
General electric
9. ⢠EMS Form will be proceed to Manger and it has to be approved. Manger has the
right to comment on employee strength, Weakness, Productivity and Goals, but no
discussion with the employee.
⢠in the whole scenario, Employees cannot see the manger comment and then, EMS
Form will revert to Senior manger for approve.
⢠After whole process, Senior Manger will release the EMS Form Portal to access for
employees. In this, Rating will be given to the employees w.r.t to all 5 verticals. And
by putting formula, overall rating is given to the employee.
⢠If satisfied or not, discussion will be there. Feedback and Comments will be given
by immediate manger. It will be kind of one and half an hour discussion.
⢠In the month of April, Salary will be incremented.
10. ďśBig Bazaar conducts the performance appraisal in the month of April annually.
ďśBased on their performance, increments will be given in their pay.
ďśIf an employee achieves or exceeds the target given along with their team will be
provided with attractive cash and incentives.
ďśFuture group has its own training division for all its employee named as- Future
Learning and Development Limited. Employees will be given 20 days of training.
ďś360 Degree appraisal method is used for low level employees, not for managers or
high level employees.