Dear HR Friends<
I am working in a multinational compnay and every year we have two kinds of appraisal - one in april every year for salary and allowances and another one in december every year for payment of incentives which normally runs on calender year basis (because our budgets are on calender year basis). As of now, the appraisal for incentives are discreationary on the MD and nothing in wrting or any measurement is done.
If somebody has any suggestion on the same, please advise>
Regards
Rohit Kapoor
From Japan, Tokyo
2I am working in a multinational compnay and every year we have two kinds of appraisal - one in april every year for salary and allowances and another one in december every year for payment of incentives which normally runs on calender year basis (because our budgets are on calender year basis). As of now, the appraisal for incentives are discreationary on the MD and nothing in wrting or any measurement is done.
If somebody has any suggestion on the same, please advise>
Regards
Rohit Kapoor
From Japan, Tokyo
See, there are 3 different practices across industry
1. incentives against MD/Director's recommendations
2. incentives against systematic performance appraisal
3. no incentives
If your MD is interested, you can go for 2 but better to have a discussion with him before initiating anything further. Before going to meet him, do some homework and prepare a presentation on " benefits to the organization if go for performance appraisal for incentives + cost"
From India, Bangalore
1. incentives against MD/Director's recommendations
2. incentives against systematic performance appraisal
3. no incentives
If your MD is interested, you can go for 2 but better to have a discussion with him before initiating anything further. Before going to meet him, do some homework and prepare a presentation on " benefits to the organization if go for performance appraisal for incentives + cost"
From India, Bangalore
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
12 Vangonotes HRM - Pay for Performance and Financial Incentives.zip
Performance Review Form - KDCL for year 2010.xls
Employee Performance.pdf