We are start up IT company currently with employee strength of 15 employees.THis number will increase by 25 by end of this fiscal year. We want to set up for performance management. Can anybody tell me what could be the best system to follow. Key things which I am looking at it its more of coaching way system which is should be reviewed every 3 months for each employee (Like 60-90 days Plan).
We have Kept PLI as part of CTC for all the employees based on their salary slab. So we have thought of releasing some part of PLI after completion of six months and the remaining PLI after completing 1 year with the company.
We want to implement this as part of performance management system.
Can you all please throw some more light on this approach.
Awaiting Reply.
Regards
Shikha
shikha8282@gmail.com
We have Kept PLI as part of CTC for all the employees based on their salary slab. So we have thought of releasing some part of PLI after completion of six months and the remaining PLI after completing 1 year with the company.
We want to implement this as part of performance management system.
Can you all please throw some more light on this approach.
Awaiting Reply.
Regards
Shikha
shikha8282@gmail.com