Presentation On PERFORMANCE APPRAISAL SYSTEM
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07-08-2009, 05:33 PM
A PRESENTATION ON PERFORMANCE APPRAISAL SYSTEM AT ACME TELE POWER LTD., PANTNAGAR .Whose project and implimentation report has been posted earlier.
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30-07-2012, 10:59 AM
Performance Appraisa.doc (Size: 265.5 KB / Downloads: 35)
A “performance appraisal” is a process of evaluating an employee’s performance of a job in terms of its requirements. It as a “process of estimating or judging the value, excellence, qualities or status of some object, person or thing”. Performance appraisal has been considered as a most significant and indispensable tool for an organization, for the information it provides is highly useful in making decisions regarding various personal aspects such as promotions and merit increases.
McGregor says : “Formal performance appraisal plans are designed to meet three needs, one of the organisation and the other two of the individual, namely;
(i) They provide systematic judgments to back up salary increases, transfers, demotions or terminations.
(ii) They are means of telling a subordinate how he is performing, and suggesting needed changes in his attitudes, skills or job knowledge. They let him know “where he stands” with the boss.
(iii) They are used as a base for coaching and counseling the individual by the superior.
The Lakshmi Vilas Bank Limited, Karur, came into being and was registered as a Limited concern on 3rd November 1926.
The bank started functioning with a paid up share capital of Rs.71,000/- made up of shares partly from the above promoters and largely from the public.
1/5th of the net profit declared every year was diverted towards reserve fund which is steadily build up. The increasing volume of deposits year after year is a sure indication of the bank’s place in the estimation of the investing public not only in Karur but also at the places where the bank branches are functioning.
All transactions of the bank are being conducted in such a way that a trust and confidence of both the borrowing and investing public have been completely ensured. Mere profit alone is not the end aim of the this Bank. Service to the public, creation of a feeling of trust and confidence in the depositors and selfless and impartial management have been the ideals the bank has set before it.
The management was also very particular in adhering to the directives issued by Reserve Bank of India from time to time on deposits and advances and other matters.
The study adopted is descriptive research method. The major purpose of this study is description of the state of affairs as it exist at present. The survey enables only to report what has happened or what is happening. The method of research utilized in descriptive research are survey method of all kinds, to make a critical evaluation of the material.
SOURCES OF DATA
The sources are both primary and secondary sources. Primary data were collected by means of administered questionnaire. The questionnaire consists of particulars like recognition, opportunity, training, communication, etc.
A great deal of primary data were collected through direct survey. The survey method includes personal interview with questionnaire.
Secondary data were collected through internal records and internal sources.