Performance appraisal powers growth at Havell’s India : Company identifies and invests in talented people early
Human Resource Management International Digest
ISSN: 0967-0734
Article publication date: 8 July 2014
Abstract
Purpose
This paper aims to explores the development of a new performance-appraisal system that has enabled Havell’s, one of India’s largest and fastest-growing electrical and power-distribution-equipment manufacturers, to identify and invest in talented people early to build their skills.
Design/methodology/approach
A wide range of performance-appraisal issues has been examined.
Findings
This paper reveals that appraisals are plotted on a performance matrix tool that not only evaluates the “what” of performance but also the “how”. The system provides feedback from superior, peer group and subordinates. Assessment on potential is communicated transparently to all employees for building the competencies linked to successful performance.
Practical implications
It is suggested that organizations should develop a transparent performance-management system to bring out the best in people.
Social implications
This paper argues that, if performance-appraisal practices are effectively managed and successfully deployed, they could increase the long-term satisfaction of employees.
Originality/value
This paper provides plenty of useful information about an important issue.
Keywords
Citation
Rana, G. (2014), "Performance appraisal powers growth at Havell’s India : Company identifies and invests in talented people early", Human Resource Management International Digest, Vol. 22 No. 5, pp. 8-10. https://doi.org/10.1108/HRMID-07-2014-0094
Publisher
:Emerald Group Publishing Limited
Copyright © 2014, Emerald Group Publishing Limited