Hi all,
I am working in a start-up IT company. I want to frame a policy for Performance appraisal system.
Could you please help me with the process of Performance Appraisal..
Suppose we decide to do Performance Appraisal once in a year in the month of April, then how the employees are to be considered...?
Suppose 10 employees have completed 1 year till April & 5 employees have just completed 6 months till April.
How can they be given Performance Appraisal & increments?
From India, Pune
I am working in a start-up IT company. I want to frame a policy for Performance appraisal system.
Could you please help me with the process of Performance Appraisal..
Suppose we decide to do Performance Appraisal once in a year in the month of April, then how the employees are to be considered...?
Suppose 10 employees have completed 1 year till April & 5 employees have just completed 6 months till April.
How can they be given Performance Appraisal & increments?
From India, Pune
Hi Shweta,
For Employee completing One year in the month of Annual Appraisal, you have to take feedback from their respective managers about their performance and also get increment rating. Increment rating can be taken on a scale of 1 to 5 (1 being the lowest and 5 being the highest), once you get the increment ratings, Management can decide upon % increment for each rating. Ideally it is as follows:
1 - No hike
2 - 3 - 5 % hike
3 - 10% hike
4 - 12 - 13 % hike
5 - 15 to 18 % hike.
You can change the above figures as per your company's profit for last year.
Now, employee who have not completed 1 year at the time of Appraisal, you can still take the ratings as said above and pay them pro rated basis as per ratings received.
Let me know if you still need further clarification or any help. Thanks....
From India, Pune
70For Employee completing One year in the month of Annual Appraisal, you have to take feedback from their respective managers about their performance and also get increment rating. Increment rating can be taken on a scale of 1 to 5 (1 being the lowest and 5 being the highest), once you get the increment ratings, Management can decide upon % increment for each rating. Ideally it is as follows:
1 - No hike
2 - 3 - 5 % hike
3 - 10% hike
4 - 12 - 13 % hike
5 - 15 to 18 % hike.
You can change the above figures as per your company's profit for last year.
Now, employee who have not completed 1 year at the time of Appraisal, you can still take the ratings as said above and pay them pro rated basis as per ratings received.
Let me know if you still need further clarification or any help. Thanks....
From India, Pune
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Performance Appraisal Form for Staff.doc