Titan Defines Performance Appraisal As
Titan Defines Performance Appraisal As
Titan Defines Performance Appraisal As
A system to help employees identify his own strengths and weakness with respect tohis job
Method of appraisal
Rating
Critical incidents
MBO
Basic of appraisal
Results
Job behaviour
Time consuming
Untrained appraisers
The appraisal is time consuming in natu re in the sense that a lot of time is taken
for t h e a p p r a i s a l p r o c e s s , s t a r t i n g f r o m t r a i n i n g t h e a p p r a i s e r s
r e g a r d i n g t h e u s e o f appraisal, followed by target setting for the year, followed by
review of performance,t h e n f i n d i n g o u t t h e f a c i l i t i e s a n d t h e h i n d e r i n g
f a c t o r s , t h e n t h e d i s c u s s i o n s a n d finally make the decision.
Lack of training is also a major problem faced by the company. Appraisers need to
be properly trained for the use of the appraisal system. The objective of the
appraisalsystem goes hay wire if the appraiser is untrained. Therefore the
company must hire professionals who are well trained to fulfil the purpose of appraisal.
The difference of opinion between the appraiser and the appraise is usually solved
byinterviews and discussions.
Rewards
Titan follows the concept of performance related payA p p r a i s a l i s a m o t i v a t i n g
f a c t o r a n d i t i s a l l t h e m o r e m o t i v a t i n g w h e n i t i s l i n k e d w i t h increased
pay packets. Financial incentives play an important role in inducing employees
to p e r f o r m b e t t e r . T h u s , m o s t o r g a n i s a t i o n s n o r m a l l y l i n k
i n c e n t i v e s w i t h a p p r a i s a l s . Performance related to pay allows good performance
to receive material recognition for their good performance.