How Does Your Company Align Performance Appraisal Cycles with Market Trends?

Hi, please let me know the performance appraisal cycle in your organization or according to the market survey. Can this be aligned with company policy, perhaps June-May or October-September? Please suggest.

Thanks

Dear Seniors,

I request your guidance in the following situation:

Appraisal Cycle for a Startup

My organization is a startup, and we are about to begin the appraisal cycle for the first time. Prior to this, we did not follow the appropriate procedures as we do in the Performance Management System (PMS) cycle. I do not have any previous year data or Key Result Areas (KRAs) set for the employees for analysis. Therefore, the management has decided to make market corrections among the employees.

Maintaining Accurate Employee Appraisal Data

I want to avoid facing the same situation next year. My question is, how can I maintain accurate employee appraisal data for this year? How should I prepare the Excel sheet for the same?