Professional Documents
Culture Documents
measurement system of
Markets and Markets
Submitted by:
Priyanka
Kritika Jamwal
Jyoti Sharma
Akriti Kathait
Ashish Kumar
Performance
Measurement
Appraisal
Performance
appraisal
is
a
method
of
evaluating
the
behavior of employees in the
work spot, normally including
both
the
qualitative
&
quantitative
aspect
of
job
performance.
History
Sandeep Suglastarted his journey as an entrepreneur in
1998 in the small town of Solapur, with a modest internet
cafe that he had to shut down soon.
Today, he earns millions of dollars helpingFortune500
companies
identify
new
revenue
pockets
through
hismarketresearch
and
consulting
firmMarketsand
Markets.
The Pune-based research company, set up in 2010, tracks 10
industries
including
medical
devices,
biotechnology,
pharmaceuticals, semiconductor and electronics and IT and
healthcare, and produces full length strategically analysed
reports for each of these verticals.
Most of its clients are based in the United States, Europe,
Korea, China and Japan
5
Pharmaceuticals
Energy and Power
Biotechnology
Food and Beverage
Chemicals
Medical Devices
Advanced Materials
Semiconductor and Electronics
Industrial Automation
Telecom and IT
Consumer Goods
Automotive and Transportation
Banking & Financial Services
7
COMPANY STATUS
Turnover: 24 Million dollars
Employees: 1300
Next years target: 30 Million dollars
Research VP
Sales - VP
Outbound
- AVP
Inbound AVP
AVP
Sr.
Manager
Sr.
Manager
Sr. Analyst
AM/IAM
Analyst
Sr. BDE
Sr.
Research
Associate
BDE
Research
Associate
AM/IAM
Sr. BDE
BDE
Support
HR
Finance
IT
Admin
10
Performance Measurement
Stages of Markets & Markets.
Stage 1
Annual
Performanc
e Review
Stage 2
Plan
performanc
e for the
year
Assess results
Set KRAs
Prepare current
year
development
plan
Finalize
current year
Development
plan
Stage 3
Reward and
Recognition
Performance
linked pay
Recognize Top
Performers
Stage 4
Mid-term
Review
Review
results
Competenc
y
developme
nt plan
11
Dimensions of Performance
Key result
area #3
Competencie
s weightage
60%
12
13
14
Step 5 : Rating
Communication ,
Plan KRA for next
year.
Step 4 :
Calibration
meetings
Step 2 : Admin
manager
Assessment &
Alignment with
Functional Manager
Step 3:
Performance
Review Discussion
15
Performance Appraisal
of markets and
markets.
MARKETS
AND
MARKETS
performance
appraisal is annually. They appraise the
employee due to their performance about
goals of the organization. They set the goals
at the start of the year and tell the employees
about the goal if the employees achieve this
goal they appraise the employees.
16
Talent
Strategy
Talent
Assessme
nt &
Segmenta
tion
Differentiat
ed Reward
&
Developme
nt
Interventio
ns
19
to
work
on
Regional/National
Sponsorship to conferences,
countries (on rare occasions).
and
visits
to
issue
other
21
Guiding Principles
Longer for Senior people with newly identified performance
issues.
Shorter for more junior people, or people with a history or
pattern of performance issues.
22
23
Monthly Basis
Making the move (MTM, sales target achieve)
Monthly turn hall (extraordinary performance)
Quarterly Basis
Employee of the Quarter (EOQ, non sales)
Sales Dangle context
Recommendation
Implications from Performance Measurement
System:
MARKETS AND MARKETS believes and follows the GROW
and the WHALE DONE approach. The grow model helps the
employee to understand where he wants to be and also what all
he/she has to accomplish/develop to reach from the current level.
The PMS is a continuous process as the review is not done
annually or quarterly, but its a continuous process of performance
measurement, management and improvement with daily and
monthly reviews by the manager.
26
Recommendation
Appraisal
system is an effective
technique to support and change culture
of the organization optimistically; it would
only be possible if the system is equal for
all employees of organization. Therefore,
companys management should utilize
this system to all employees so as to
increase effectiveness and productivity.
27