PLEASE HELP ! Various questions in Performance Appraisal Sys

Dear All,

I am seeking all of yours valuable suggestions / answers to the following questions :

[1] Is Indian IT industries give increment on half yearly basis [after 6 months] or yearly basis. You may please also give examples of the companies who give this.

[2] How to give bonus to the employees. I am only aware of Diwali bonus which is given yearly. Besides this, I dont know how to give or calculate other bonus etc.

[3] What is the difference between subjective and objective parameters. Marking [1 to 10] is subjective or objective and likert scale is subjective or objective. Please clarify?

I look forward to receiving all of yours valuable suggestions / answers. I am preparing Performance Appraisal system for my company and this is the main reason i require this information. I need to give different options to my management. I am designing Performance Appraisal system using Likert scale.

Please help me in this!

Regards,

Rekha

Hi Rekha,

This is Hema - HR consultant.

1. Appraisals normally go with salary hike and the frequency of appraisal is based on the frequency of finalisation of accounts. Basically, how frequenty does the Organisation measure its own performance during a year. As per industrial standards, IT companies appraise once in 6 months.

2. Statutorily speaking, bonus is payable to employees only where the basic salary of the employee is less than or equal to Rs.3500/-. The amount of bonus payable is Rs.2500/-. But, as you are in a IT company, bonus can be paid in two ways, either as a monthly component or as a lumpsum amount either during Diwali / New year. Most of the IT companies are paying bonus on a monthly basis to avoid a huge cash outflow at a stretch.

3. Appraisals are based on Objectives and where the objective is achieved , rating of 1-10 is possible and where actions have been taken to perform an activity that benefits an organisation though it is not part of an objective can be measured subjectively (i.e. likert scale). Therefore, your appraisal can be a combination of both.

Thanks
Hema

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Best Regards,
Hema

Hi Hema,

Thanks for your answers! But I did not understand the answer to my third question. Would appreciate your response regarding the same.

Dear All,

I also look forward to receiving the valuable suggestions from the other experts as well.

Regards,

Rekha
HR Executive
PGMS Inc.

Hi,

I am attaching herewith a format of the appraisal form which can give you better picture. By the way, what is the criteria for measuring performance?

Because, appraisals done once in six months will definitely fail and there should be a constant review systems happening internally and these will have to be aggregated to arrive at the final score.

Thanks
Hema

Attached Files

performance_appraisal_format_128.doc (195.5 KB, 2154 views)

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Best Regards,
Hema

Dear Hema,

I would like to refer to the appraisal template you sent to Rekha.I am also seeking help and guidence in framing an Appraisal process in an IT firm. I had designed a format and it was not approved.I would like look at a template which will help me in design the same .

I would like to get more info on the same.It would be really nice if you send me a copy of the template for reference.

ASHA

Hi Hema.
I am not able to download or see your appraisal form.
can u send it to

Thanks and regards'
praveen.

__________________
praveen

Hi Hema.
I am not able to download or see your appraisal form.
can u send it to

Thanks and regards'
praveen.

__________________
praveen

Hi Hema.
I am not able to download or see your appraisal form.
can u send it to

Thanks and regards'
praveen.

__________________
praveen

Hi Hema.
I am not able to download or see your appraisal form.
can u send it to

Thanks and regards'
praveen.

__________________
praveen