Dear Seniors,
I need to know about the calculations done while doing Performance Appraisal using the Bell Curve Method.
- What formulas do we apply to complete the Bell curve?
- How is the distribution of salary done?
- What is the methodology to do the calculation and then merge it with each individual's salary?
If you have any xls./document ready with you, please do share it with me. Please help and revert at the earliest.
From Korea
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2I need to know about the calculations done while doing Performance Appraisal using the Bell Curve Method.
- What formulas do we apply to complete the Bell curve?
- How is the distribution of salary done?
- What is the methodology to do the calculation and then merge it with each individual's salary?
If you have any xls./document ready with you, please do share it with me. Please help and revert at the earliest.
From Korea
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First of all, decide on what your organization's annual increment rate is (let's say x). Define evaluation units. Also, define the percentage of employee distribution in the bell curve fitment, such as 5%, 10%, 70%, 10%, 5%. Allocate the annual increment percentage to each defined evaluation unit (i.e., the number of employees in that evaluation unit multiplied by x). Depending on the employee's performance, increments should be given.
It will be the responsibility of the HR department to determine how the bell curve will look, by aggregating all the scores into one worksheet. The curve can follow a normal distribution or be skewed to one side.
Regards,
Phuntshok
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It will be the responsibility of the HR department to determine how the bell curve will look, by aggregating all the scores into one worksheet. The curve can follow a normal distribution or be skewed to one side.
Regards,
Phuntshok
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Bell Curve Appraisal Tool.doc
Bell Curve Appraisal.pdf