A STUDY ON PERFORMANCE APPRAISAL AT HYDERABAD BUSINESS SCHOOL

-By Team 6 M.Kirti M.Surekha M.Chandrasekhar Madhukar Madhavi

Objectives of the Study

Identification of the technique of performance appraisal followed in HBS. Employee attitude towards the present appraisal system. Review of the current appraisal system in order -Enhance productivity -Attain global standards To provide suggestions & recommendations from the study conducted.

Need for the Study

To evaluate the employees according to the standards. To find out the strengths and weaknesses of the employees. To provide training or reward according to the appraisal. For continuous improvement, to increase the total output of the organization.

Scope of the Study

To increase the productivity by increasing the level of performance. The programme would help the organization in meeting its goals. It will help in enhancing the knowledge and skills of the employees.

Limitations
Although all attempts were made to make this an
objective study, biases on the part of respondents might have resulted in some subjectivity. Though, no effort was spared to make the study most accurate and useful, the sample Size selected for the same may not be the true representative of the organization, resulting in biased results. Time constraint to carry on an in depth study.

Concept of Performance Appraisal

Performance appraisals are a regular review of employee performance within organizations. Performance Appraisal is the systematic evaluation of the performance of employees and to understand the abilities of a person for further growth and development.

Advantages

Tools of Performance Appraisal

1. Critical incident method 2. Weighted checklist method 3. Paired comparison analysis 4. Graphic rating scales 5. Essay Evaluation method 6. Behaviorally anchored rating scales 7. Performance ranking method 8. Management By Objectives (MBO) method 9. 360 degree performance appraisal 10.Forced ranking 11. Behavioral Observation Scales

Salary Hike
Yes 0% No

100%

Sharing Burden
Yes No

50%

50%

Meaningful Tagrets
Yes No

17%

83%

Constructive Fedeback
Yes No

17%

83%

Improved Performance
Yes No

17%

83%

Impoves Motivation
Yes No

33%

67%

Bias in Appraisal
Yes No

17%

83%

Change In Behaviour
Yes No

17%

83%

Suggestion for Appraisal method at HBS

360 degree performance appraisal is the best suited appraisal method for HBS. Following are the advantages of 360 degree : A better understanding of individuals performance at work It promotes better Communication within departments. Increases the team's ability to contribute to the organizations goals Extends better morale to those who perform and contribute well to the organization. A multifaceted view about the employees from different sources. A better understanding of employed developmental needs.