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    Steel Authority of India LTD

    Uploaded by

    Vishal V C Gaikwad
    This document discusses the history and purpose of performance appraisals. It notes that while performance appraisals have their roots in the early 20th century, they really emerged as a formal management procedure during World War II, about 60 years ago. Many organizations use appraisal results to help determine reward outcomes like bonuses, promotions, and pay increases for high performers or counseling for poor performers. This study examined whether Steel Authority of India Ltd. used performance appraisals for employee development and profitability. It determined that performance appraisals have helped increase SAIL's profitability as shown in stock market performance, while also finding some loopholes to improve the process.

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    Steel Authority of India LTD

    Uploaded by

    Vishal V C Gaikwad
    172 views1 page
    This document discusses the history and purpose of performance appraisals. It notes that while performance appraisals have their roots in the early 20th century, they really emerged as a formal management procedure during World War II, about 60 years ago. Many organizations use appraisal results to help determine reward outcomes like bonuses, promotions, and pay increases for high performers or counseling for poor performers. This study examined whether Steel Authority of India Ltd. used performance appraisals for employee development and profitability. It determined that performance appraisals have helped increase SAIL's profitability as shown in stock market performance, while also finding some loopholes to improve the process.

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    Steel Authority of India Ltd

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    This document discusses the history and purpose of performance appraisals. It notes that while performance appraisals have their roots in the early 20th century, they really emerged as a formal management procedure during World War II, about 60 years ago. Many organizations use appraisal results to help determine reward outcomes like bonuses, promotions, and pay increases for high performers or counseling for poor performers. This study examined whether Steel Authority of India Ltd. used performance appraisals for employee development and profitability. It determined that performance appraisals have helped increase SAIL's profitability as shown in stock market performance, while also finding some loopholes to improve the process.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    172 views1 page

    Steel Authority of India LTD

    Uploaded by

    Vishal V C Gaikwad
    This document discusses the history and purpose of performance appraisals. It notes that while performance appraisals have their roots in the early 20th century, they really emerged as a formal management procedure during World War II, about 60 years ago. Many organizations use appraisal results to help determine reward outcomes like bonuses, promotions, and pay increases for high performers or counseling for poor performers. This study examined whether Steel Authority of India Ltd. used performance appraisals for employee development and profitability. It determined that performance appraisals have helped increase SAIL's profitability as shown in stock market performance, while also finding some loopholes to improve the process.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    STEEL AUTHORITY OF INDIA LTD Project ReportonPerformance AppraisalSystem of SAIL Employees Prepared By :EXECUTIVE SUMMARY T h e h i s t o r y o f p e r f o r m a n c e a p p r a i s a l i s q u i t e b r i e f . I t s r o o t s i n t h e e a r l y 2 0 t h c e n t u r y c a n b e t r a c e d t o T a y l o r ' s p i o n e e r i n g T i m e a n d M o t i o n s t u d i e s . B u t t h i s i s n o t v e r y h e l p f u l , f o r t h e s a m e m a y b e s a i d a b o u t a l m o s t e v e r y t h i n g i n t h e f i e l d o f m o d e r n h u m a n r e s o u r c e s m a n a g e m e n t . A s a d i s t i n c t a n d f o r m a l m a n a g e m e n t p r o c e d u r e u s e d i n t h e e v a l u a t i o n o f w o r k p e r f o r m a n c e , a p p r a i s a l r e a l l y d a t e s f r o m t h e t i m e o f t h e S e c o n d W o r l d W a r - n o t m o r e t h a n 6 0 y e a r s a g o . I n m a n y o r g a n i z a t i o n s - b u t n o t a l l - a p p r a i s a l r e s u l t s a r e u s e d , e i t h e r d i r e c t l y o r d i r e c t l y , t o h e l p d e t e r m i n e r e w a r d o u t c o m e s . T h a t i s , t h e a p p r a i s a l r e s u l t s a r e u s e d t o i d e n t i f y t h e b e t t e r p e r f o r m i n g e m p l o y e e s w h o s h o u l d g e t t h e m a j o r i t y o f a v a i l a b l e m e r i t p a y i n c r e a s e s , b o n u s e s a n d p r o m o t i o n s . B y t h e s a m e t o k e n , a p p r a i s a l r e s u l t s a r e u s e d t o i d e n t i f y t h e p o o r e r p e r f o r m e r s w h o m a y r e q u i r e s o m e f o r m o f c o u n s e l i n g , o r i n e x t r e m e c a s e s , d e m o t i o n , d i s m i s s a l o r d e c r e a s e s i n p a y . ( O r g a n i z a t i o n s n e e d t o b e a w a r e o f l a w s i n t h e i r c o u n t r y t h a t m i g h t r e s t r i c t t h e i r c a p a c i t y t o d i s m i s s e m p l o y e e s o r d e c r e a s e p a y . ) T h e p u r p o s e o f t h i s s t u d y h a s b e e n t o d e t e r m i n e w h e t h e r t h e p e r f o r m a n c e a p p r a i s a l w a s u s e d f o r e m p l o y e e d e v e l o p m e n t a n d w h e t h e r t h e a p p r a i s a l w a s e m p h a s i z e d a s a n i m p o r t a n t p a r t o f t h e p e r f o r m a n c e a p p r a i s a l p r o c e s s . A l s o w h e t h e r t h e p e r f o r m a n c e a p p r a i s a l h e l p s i n i n c r e a s i n g c o m p a n y s p r o f i t a b i l i t y . O u r s t u d y s u g g e s t e d t h a t t h e p e r f o r m a n c e a p p r a i s a l h a s h e l p e d i n i n c r e a s i n g t h e p r o f i t a b i l i t y o f S A I L w h i c h w a s c l e a r l y s h o w n b y t h e i r p e r f o r m a n c e o n B S E S e n s e x . C e r t a i n l o o p h o l e s h a s b e e n d e t e r m i n e d a n d s u g g e s t i o n s w e r e m a d e .

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