Hi,
For Individual Performance rating, we have defined following rating scale:
Rating System
1.0 Results do not meet the stated expectations & no efforts made towards its improvement
1.5 Results do not meet the stated expectations & inconsistent efforts made towards its improvement
2.0 Results do not meet stated expectations despite consistent efforts
2.5 Results do meet some but not all stated expectations
3.0 Results meet all the stated expectations
3.5 Results meet all & exceed some of the stated expectations
4.0 Results exceed all the stated expectations & are exceptional & unique
If you see this rating scale, you will find that rating 3.0 is meeting all expectation. Hence it will be presumed as 100% performance. Hence, to calculate individual performance rating, you have to divide the employee final rating (as per KPA sheet) by 3 to get desired performance rating. Pls refer document again to view KPA structure.
EVA is economic value addition to organization. It is important to check whether organization has actually added any value to its portfolio during the year or not. There is difference in target achievement and economy value achievement. It is decided by the management on EVA rating by looking at balance sheet & company growth in the financial year. For example, if company has achieved all it's targets economically, EVA could be 1. It can also be calculated as per rating scale.
Regards,
Anup