Attending Executive Development Programs
Getting trained by Tata Motors collaborators/foreign business associates
Attending trade fairs, exhibitions, motor shows, conferences etc
PERFORMANCE EVALUATION
Performance evaluation is an evaluative tool that provides feedback to employees on job effectiveness and career guidance. The evaluation is intended to be fair and balanced assessment of an employee's performance.
PERFORMANCE EVALUATION IN IT INDUSTRY
Performance in IT industry is evaluated at four levels
Financial - This quantifies how the employee has contributed in terms of increased revenues, cost minimization effective use of assets, etc.
Internal - This aspect refers to the employee's contribution in creating and sustaining value
Customer - This looks at the differentiating value proposition offered by the employee
Learning and growth- This looks into how well the employee has learned from his currently accomplished tasks and how well he can use what he has learnt in future projects
Performance Evaluation In Wipro
Performance evaluation in WIPRO tends to answer two questions:
Are your employees developing and performing at the same rate as your business?
Is the pace of WIPRO employee being measured and tracked?
To answer these questions WIPRO offers an integrated end-to end performance management solution. WIPRO's e-performance management system helps establish the best performance management practices:
360-Degree Feedback System - This system collects information from multiple parties including one's subordinates, peers, supervisors and customers that the employee interacts with. A major advantage of the system is that feedback comes from several resources. But this has its demerits too.
Management by Objectives (MBO) - MBO requires the management to set specific, measurable goals with each employee and then periodically discuss the latter's progress towards these goals. This technique emphasizes participative set goals that are tangible, verifiable and measurable. MBO focuses on what must be accomplished rather than how it is to be accomplished.
Performance Evaluation In Manufacturing Company
Performance evaluation techniques used in manufacturing industry can be of following kinds
Competency matrix - A matrix that lists 73 competencies, that vary across managerial levels- to measure performance and gauge the development needs of its employees. Each listed competency has associated knowledge, skills and attributes..
KRAs -These KRAs are used to map the employee's progress and, based on the results; the company decides to plug performance gaps with the help of relevant training inputs.
Assessment at team and individual levels -Subsequently, the team's performance is measured on the basis of its achievements. This done, the top management allocates ratings to each team. In a parallel process, the team supervisor appraises each member. Both ratings are taken into account before a final rating is assigned by the senior management team to each functional team and team member.
Performance evaluation in TATA Motors
Performance evaluation in TATA Motors involves the following procedure.
Confidential report
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