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360 performance appraisal tata motors

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306 performance appraisal system of tata motors

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360 performance appraisal tata motors

  1. 1. Group Members Gurdeep Singh Dhiman Leena Aakash Gaikwad Ajay Gaikwad Sunny Pawar
  2. 2. TOPIC 360 Performance Appraisal System in Multinational Company {MNC}
  3. 3. TATA Motors
  4. 4. Introduction Tata Motors Limited formerly is an Indian multinational automotive manufacturing company Headquartered in Mumbai, India and a subsidiary of the Tata Group. Its products include passenger cars, trucks, vans and coaches. It is the world’s eighteenth-largest motor vehicle manufacturing company, fourth-largest truck manufacturer and second-largest bus manufacturer by volume
  5. 5. Operations Tata Motors is among the top three in passenger vehicles in India with products in the compact, midsize car and utility vehicle segments.  The company’s manufacturing base in India is spread across: Jamshedpur (Jharkhand) Pune (Maharashtra) Lucknow (Uttar Pradesh) Pantnagar (Uttarakhand) Dharwad (Karnataka).
  6. 6. Big achievements  The second-generation Tata Indica; one of the best selling cars in the history of the Indian automobile industry  Tata Nano, the world's cheapest car  Tata Motors entered the passenger vehicle market in 1991 by launching the Tata Sierra, a multi utility vehicle.
  7. 7. Heavy Products Tata Starbus Low Floor 1610 Tata Macropolo buses in the Delhi BRT Commercial vehicles Military vehicles Electric vehicles
  8. 8. The process of performance appraisal: 1. Establishing performance standards 2. Communicating the Standards 3. Measuring Performance 4. Comparing the actual with the standards 5. Discussing the appraisal 6. Taking Corrective Action
  9. 9. Methods of Appraisal ESSAY APPRAISAL GRAPHIC RATING SCALE RANKING METHODS FORCED-CHOICE RATING MANAGEMENT BY OBJECTIVES
  10. 10. Benefits of Performance Appraisals  Measures an employee’s performance.  Helps in clarifying, defining, redefining priorities and objectives.  Motivates the employee through achievement and feedback.  Facilitates assessment and agreement of training needs.  Helps in identification of personal strengths and weaknesses.  Plays an important role in Personal career and succession planning.  Clarifies team roles and facilitates team building.
  11. 11. VISION “To be the world class corporate constantly furthering the interest of all stakeholder”. HR VISION Lead and Facilitate continuous change towards organizational excellence ; create a learning and vibrant organization with high sense of pride amongst its members
  12. 12. 28% 72% Awareness of technique of Performance Appraisal No Yes maximum employees are aware of their performance appraisal technique (i.e 72%) and the employees not aware of it is minimum (i.e 28%)
  13. 13. Opinions 24% 44% 30% 2% Employees’ opinion as to the present appraisal system Fully satisfied satisfied cant say Dissatisfied maximum employees are satisfied with the present appraisal system( i.e 44%) and minimum (i.e 2%) are dis-satisfied.
  14. 14. FUNCTIONS OF HUMAN RESOURCE MANAGEMENT • 1. Recruitment • 2. Selection • 3. Induction • 4. Performance Appraisal • 5. Training & Development
  15. 15. APPRAISAL & REWARDAPPRAISAL  New Appraisal System based on KRAs & Targets·  Review of Targets at regular Intervals·  People Development an important KRA REWARD  Promotions based on Performance·  Productivity & Profit-linked Incentive Schemes·  Training including Long-term Term
  16. 16. CAREER DESIGN  Performance & Potential based Appraisals  Fast Track Option for High-performers  Promotions after Managers Vacancy based  Interviews for promotions above Managers  Selection of Supervisors
  17. 17. Bonding with Multinational countries  In 2005, Tata Motors acquired a 21% controlling stake in the Spanish bus and coach manufacturer.  Tata Motors continued its market area expansion through the introduction of new products such as buses and trucks  In 2006, Tata formed a joint venture with the Brazil-based Marcopolo, Tata Marcopolo Bus, to manufacture fully built buses and coaches.
  18. 18. Benefits of Performance Appraisals • Measures an employee’s performance. • Helps in clarifying, defining, redefining priorities and objectives. • Motivates the employee through achievement and feedback. • Facilitates assessment and agreement of training needs. • Helps in identification of personal strengths and weaknesses. • Plays an important role in Personal career and succession planning. • Clarifies team roles and facilitates team building.
  19. 19. Conclusion • As the Tata Motors is a Multinational company, it pushes our India to a developed country. They have many other things and products like shares in Bombay Stock Exchange(BSE). At present it is in the Maturity level in the worldwide market
  20. 20. Thank You

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