ANALYSIS OF PERFORMANCE APPRAISAL SYSTEM IN REFRENCE TO EMBEX

ANALYSIS OF PERFORMANCE APPRAISAL SYSTEM IN REFRENCE TO EMBEX BY: MANPREET KAUR 1407104

INDUSTRY PROFILEINDUSTRY PROFILEIn the business world investment is made in machinery, equipment and services. Quite naturally time and money is spent ensuring that they provide what their suppliers claim. In other words the performance is constantly appraised against the results expected.When it comes to one of the most expensive resources companies Invest in, namely people, the job appraising performance against results is often carried out with the same objectivity. Each individual has a role to play and management has to ensure that the individuals objectives translate into overall corporate objectives of the company. Performance Management includes the performance appraisal process which in turn helps identifying the training needs and provides a direction for career and succession planning. .INDUSTRY PROFILEwe have seen that where performance management is a part of the business culture , HR business partners and leaders of organizations are focusing their employees on performance improvement , rather than just performance management and our view is that this shift can be supported by: Having an efficient ,easy to use and flexible online talent management software system. Training managers in the key skills of feedback , objective settings , coaching and; Having crucial performance conversations.

COMPANY PROFILECOMPANY PROFILEEMBEX, has been established in 2008 in india offering products and services to clients in Embedded Systems. It also imparts quality and training and consulting in embedded systems, to young and aspirants globally and provides embedded solution of corporate .Since inception ,Embex Technologies in india has expanded its operatons considerably with regional headquatersin chandigardh and offices in 6 cities including regional offices in gurgaon, Mumbai, jalandhar and Indore.Today, The Company has established itself as one of the leaders in the embedded experts including a manufacturing unit at hisar (Haryana) Research and Development center of Mumbai.COMPANY PROFILEMISSION: To cover the difference between VIP to IP and IP to P . Starting the things by making you little bit independent on money matters by cutting the cost of yours every expense and try to provide cut of standard to every consumerVALUES: Respect every person Seek excellence in the action Set high ethical standards Ensure employee satisfactionCOMPANY PROFILEPRODUCTS:

We have a wide range of products in Academic and Industry. Microcontroller training kits, Experimental kits for college laboratories, Test & measurement instruments and data acquisition hardware, Message and Graphics Display Boards, Security Systems are some of the products which we have developed. We also design & develop customized hardware for our clients for their industrial and scientific applicationsCOMPANY PROFILEORGANIZATIONAL STRUCTURE:PERFORMANCE MANAGEMENTDETERMINE INDIVIDUAL OBJECTIVES LINKED TO CORPORATE GOALS PERFORMANCE APPRAISALENSURE RESPONSIBILITY AND ACCOUNTABILITY PERFORMANCE LINKED INCREMENTS/ INCENTIVES/ REWARDSCORPORATE GOALSRESEARCH METHODOLOGYRESEARCH METHODOLOYOBJECTIVES:

The various objectives of our research are as follows:

1. To examine the importance of appraisal system in company.2. To find the expectation of appraiser and appraisee.3. To determine the satisfaction level of the appraisee.4. To check the loopholes in the appraisal.5.To identify the consequences of fault appraisal systemRESEARCH METHODOLOYRESEARCH DESIGN:Descriptive Research Design

SAMPLING DESIGN:POPULATION:Basically the company employees are considered as population for this projectRESEARCH METHODOLOYSAMPLING UNIT:The area covered under this study is limited to Chandigardh only .The sample unit taken for research is EMBEX company.SAMPLE SIZE: The sample size for the study was 100.SAMPLING TECHNIQUE:The sampling technique used is descriptive type of study.Descriptive research includes surveys and facts finding enquiries of different kinds.

RESEARCH METHODOLOYDATA COLLECTION:Primary Data- QuestionnaireSecondary Data-Company records, magazines, Files and broachers

STATISTICAL TECHNIQUE: In this project pie charts are used for representation and the Presentation is made both in the tabular form and graphs. The analysis is made in percentile form. Each table is explained with a detailed interpretation of that table and graphical presentation. The question is in histogram. RESEARCH METHODOLOYLIMITATIONS OF THE STUDY:Lack of expertise trainer handed in the prosecution ofPerformance Appraisal program.Lack of feeling in people of against the awareness for the Performance Appraisal program.Search for the exact Appraisal was also difficult to define.The interpretation being based on percentage method is not definite.DATA ANALYSIS AND INTERPRETATIONCONCLUSIONCONCLUSIONA Performance Appraisal is a very important tool used to influence employees. A formal Performance review is important as it gives an opportunity to get an overall view of job performance and staff development. It encourages systematic and regular joint-stocking and planning for the future. Good performance reviews therefore dont just summarize the past they help determine future performance.

RECOMMENDATIONS19RECOMMENDATIONSGood performer should not only be rewarded by promotion etc., but also by appreciation of their performance in public.Workers opinion regarding their job should be given more priority. The work related benefits like overtime, production incentives expenses should be provided to the employees.There should be proper utilization of existing manpower.Employees should be given recognition at proper intervals.RECOMMENDATIONSSuggestions from the employees should be welcomed with open arms and if found suitable should be implementedMore opportunities should be given to the employees regarding, T&D ,participation in decision makings etc. THANK YOU