PERFORMANCE

APPRAISAL AT ISGEC
Engineering for
excellence
Presented By:
PREM PYARI
ROLL NO. :
147638

CONTENTS

Company Profile

Introduction to Performance Appraisal

Objectives Of The Study

Research Methodology

Analysis & Interpretation

Findings

Suggestion

Limitation of the study

Conclusion

Saraswati Sugar Syndicate Ltd. established

in1933.
Saraswati Industrial Syndicate Ltd. to ISGEC
Heavy Engineering Ltd in August 2011.
Manufacturer of
heavy Engineering
equipments
Annual turnover of ISGEC is US $ 50 million
Group turnover of the Saraswati Industrial
Syndicate ltd. Exceeds US $ 100 million.

BUSINESS UNITS

Performance Appraisal
It is the systematic evaluation of the
individual with respect to his or her
performance on the job and his or her
potential for development.
Performance appraisal is a formal system
that evaluates the quality of an employees
performance

METHOD OF PERFORMANCE APPRAISAL

THEY ARE USING

Using Ranking method

Judge on the basis of their annual
performance by the immediate superior
Each department has a separate appraisal
form
appraisal
forms
for
the
different
departments are different
Each departmental head have the
responsibilities regarding the appraisal
report, results of the appraisal report and
the requirements.

PRESENT STATUS

No formal performance appraisal system

to
evaluate
the
employees
performances
Supervisors use to make a report about
their subordinate & evaluate their
performance
Compulsory evaluation of the employees
who are on Training & on the probation
period.

OBJECTIVES OF THE STUDY

To study the attitude of employees

towards the ways adopted to
appraise them.
To analyze the level of satisfaction of
employees.
To suggest possible solutions that
would help the firm in achieving
excellent results.

Research Methodology
DATA

COLLECTION

Primary

data

secondary data

RESEARCH
Survey
The

DESIGN-

research with the help of questionnaires.

study is descriptive in nature.

SAMPLE

SIZE- 120 employees

SAMPLING
AREA

TECHNIQUE- Convenience Sampling.

- ISGEC HEAVY ENGINEERINGS , YAMUNA

NAGAR,HARYANA.

Meaning of performance is

Performance
organization.

appraisals

needed

in

Employees are satisfied with the existing

performance appraisal system
Response

4%

50%

44%

2%

Less satisfied
Very much satisfied
Not satisfied
Total

Performance Appraisal necessary at

all levels
Response

B. to some extent ; 11%

Total; 50%
D. To great extent; 39%

Performance Appraisal should be

carried out
Response

Monthly

; 5%
Quarterly; 5%

Total; 50%

Half Yearly

Yearly; 17%

; 23%

Performance Appraisal should be a secret

document
Option

Response
%

Yes

No

Cant say

Total

54

54

12

120

45

45

10

100

Superior should discuss performance appraisal

with subordinates.

Incentives should be directly linked with

performance appraisal

The performance appraisal helps to win

co-operation and team work

Before performance appraisal individual key

result areas should be defined.

Performance appraisals should be done

Performance appraisals should be linked

with the income of the organization

FINDINGS

The management has understood the

importance of systematic appraisal system &
they are taking every effort to implement it
properly.
The employees in an organization consider the
performance appraisal as a Discipline to
work.
91% of the employees in the organization are
in favor of the appraisal activities to be
performed in the organization.
The employees in the organization are very
much satisfied with the appraisal done by
their supervisors.

CONT.

Most of the employees slowly understand

the importance of performance appraisal.
The
performance
appraisal
training
programme is appreciated by the
employees & they are really benefited by
it.
The result of performance appraisal
should not be like any punishment or
penalty for the
appraise, in case of
negative performance employees are
judged and counseled properly.

SUGGESTION TO INDUSTRY

As the Company is using ranking Method only to

judge the performance of the individuals, so it
should opt other methods also as self appraisal,
checklist method, 360 feedback method etc.
There should be a proper Performance
Appraisal Training Program in the organization
to make the employee aware at each and every
level.
Company can also provide some special rewards
to the best performers as Best performer of
the Year or some special prizes at
departmental level.

CONT.

As the appraisal conducted there is annually,

so I suggest that it should be Quarterly or half
yearly is some special departments where
there is a need of continuous good
performance.
Informal methods of appraising performance
should also be used by the superiors to boost
the morale and efficiency of employees by
meeting them personally or giving them some
rewards rather than increments.
There should be proper counseling and
discussion after getting the results of appraisal;
it should not be kept to papers only.

LIMITATION OF THE STUDY

Information may not be accurate as

accuracy of information depends on the
information given by the employees.
As ISGEC is basically a mechanical
company so the concentration is mainly
on the production rather than HR
activities like performance appraisal,
they exist but not at a huge level.

CONCLUSION

Lack of awareness among employees

The management has already taken efforts

to educate the employees

Employees are giving positive response to the

management

Employees have A very positive attitude

regarding the appraisal activities in the
organization

Employees are satisfied with the appraisal

done for them

BIBLIOGRAPHY

http://nccur.lib.nccu.edu.tw/bitstream/140.119/33944/7/933
04007.pdf
http://www.managementstudyguide.com/performanceappraisal.htm
http://istdkochi.org/pdf/performance-appraisals.pdf
http://www.isgec.com/aboutus-history.asp?lk=ab2
http://www.gkvharidwar.org/journals/gbr_7/Chapter_3.pdf
http://www.uel.ac.uk/business/staff/Dr.ZorluSenyucel.htm
http://ssrn.com/abstract=1012807
http://papers.ssrn.com/sol3/papers.cfm?
abstract_id=1721448
http://papers.ssrn.com/sol3/papers.cfm?
abstract_id=1572929
http://papers.ssrn.com/sol3/papers.cfm?

THANKYOU