PERFORMANCE APPRAISAL

GROUP NO:4Name Aditi Jain Swati Bhadra Digvita Shah Sampada Naik Pranav Jain Mayank Mehta Roll No 10 31 36 42 43 49

WHAT IS PERFORMANCE APPRAISAL? Method by which job performance of employees is

evaluated. Purpose of performance appraisal:

1. Give feedback on performance to the employees. 2. Identify employee training needs. 3. Forms a basis for personnel decisions: salary increases, promotions, disciplinary actions etc.

Banking Sector ICICI Bank ICICI Bank was established in 1996 by the Industrial

Credit and Investment Corporation of India, an Indian financial institution, as a wholly owned subsidiary. ICICI Bank is an Indian diversified financial services company headquartered in Mumbai, Maharashtra. It is the second largest bank in India by assets and third largest by market capitalization.

Performance Appraisal MBO method used Annual performance appraisal done in 2 steps:

1st step - Doing a self assessment 2nd step- Formal Performance Appraisal

interview

Appraisal Forms used General performance appraisal form 1(Last period

reviews, core values) General performance appraisal form 2(Overall

performance, communication skills) General performance appraisal form 3(General

working attributes, managerial attributes)

Approaches used by bank Intuitive Approach Self-Appraisal Approach Group Approach Trait Approach Behavioral method

360 Degree

IT Sector - TCS Global IT leader is a global IT services, business

solutions and outsourcing company. Headquartered in Mumbai. It is the second-largest India-based provider of

business process outsourcing services. .

Performance Appraisal Tool used - 360 degree appraisal

- Rating (1-5) Procedure Two times appraisal HR Management System

Hospitality sector GRAND HYATT ,MUMBAI Grand Hyatt Mumbai luxury hotel is a 5 star

contemporary lifestyle destination sprawled across 12 acres of greenery in the Santacruz area of Mumbai. Guests can choose from an assortment of luxury rooms

and suites and contemporary serviced apartments to enjoy their stay in.

Performance Appraisal Tool used is Rating.

ParametersAttendance Overall output Attitude Quality of work Cooperation