How Can We Fairly Appraise 3,000 Contractual Employees Monthly Without Breaking the Budget?

I'd like to know if there is any format for the appraisal of contractual employees. We have over 3,000 contractual employees, and the renewal period is generally after 11.5 months, considering legal aspects. Every month, new employees are joining different companies in our group, so the profit margin also varies.

Appraising Partial Employees

What would be a good way to appraise partial employees every month without exceeding the increment budget, or is there any other solution for it?

Standardization of Supervisors' Ratings

Another issue is that employees' supervisors' ratings are not standardized for consideration.

Thanks in advance!

Monthly Appraisal Format for Contractual Employees in Dhaka, Bangladesh

Given the unique scenario of having over 3000 contractual employees with varying profit margins and a monthly influx of new employees, it's crucial to establish a structured and fair appraisal system. Here's a practical approach to address the challenges mentioned:

1. [📅] Standardized Appraisal Criteria:
- Develop clear and objective appraisal criteria that are applicable to all contractual employees, irrespective of their supervisors' ratings. This ensures consistency and fairness in the appraisal process.

2. [💡] Monthly Performance Reviews:
- Conduct monthly performance reviews for all contractual employees based on the predefined appraisal criteria. This allows for regular feedback and assessment of individual performance.

3. [💰] Increment Budget Management:
- To avoid exceeding the increment budget, consider implementing a merit-based increment system where employees receive raises based on their performance rather than a blanket increment for all. This ensures that budget constraints are adhered to while rewarding top performers.

4. [🔄] Rotation of Appraisers:
- Rotate the supervisors responsible for appraising contractual employees on a monthly basis. This helps in mitigating the issue of non-standardized ratings by providing diverse perspectives and evaluations.

5. [📊] Performance Improvement Plans (PIPs):
- For employees who consistently underperform, implement Performance Improvement Plans (PIPs) to help them enhance their skills and meet performance expectations. This proactive approach can lead to better outcomes in the long run.

6. [🔍] Legal Compliance:
- Ensure that the appraisal process complies with labor laws and regulations in Bangladesh, especially concerning contractual employees' rights and entitlements. Seek guidance from legal experts to align the process with the relevant legal framework.

By implementing these strategies, you can effectively manage monthly appraisals for contractual employees, promote fairness, and optimize performance evaluation within the organization.