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Every organization has a unique performance appraisal process, with its own review or workflow steps. Farsight's automated appraisal workflow management tool makes it easy for you to automate your current process and adapt it tomorrow to meet your changing needs. Our Performance Management tool kit provides an overview of Performance Management and useful tips for conducting successful, year-round performance evaluation.
Citation preview
04/10/2023
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Performance Management System
Improve the performance of your evaluation system
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Agenda
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Phases in PMS Process Flow in PMS System Walkthrough Q&A
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Phases in PMS
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PERFORMANCE PLANNING
KRAs
Job Goals
Key Performance Indicators (KPI)
Key Activities (Action guidelines)
Performance Standard and Weightage
PERFORMANCE REPORTING
MIS Dashboard
Employee Performance History
Function Performance History
PERFORMANCE REVIEW &
DISCUSSION (PRD)
Self Assessment
Reporting Officer’s Assessment
Review by Functional / Business Head
Overall performance rating
APPRAISAL MANAGEMENT
Increment
Promotion
PIP (Performance Improvement Plan)
MID year Review
Phases Supported by PMS
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Process Flow in PMS
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Appraisal
Year
Appraisal
Cycle
Performance slab / Rating
Define KRA &
KPI
KRA KPI
Template
Appraisal Process Set-
up
Employee KRA
Review
KRA Review by Manager
Employee Appraisal
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PMS Walkthrough – Appraisal Year
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PMS Walkthrough – Appraisal Cycle
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PMS Walkthrough – Performance Slab
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PMS Walkthrough – KRA Master
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PMS Walkthrough – KPI Master
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PMS Walkthrough – KRA KPI Template
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Appraisal Process Set-up
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Self Appraisal
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S.No KRA Weight Self Rating
1 KRA 1 50 9 – Very Good
2 KRA 2 30 8 - Good
3 KRA 3 20 7 - Average
Excellent Very Good Good Avg Poor
10 Points 9 Points 8 Points 7 Points 6 Points
>111% 101-110% 91-100% 81-90% <80%
25% Increment
20% Increment 10% Increment
5% Increment No Increment
To be filled by individual
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Appraisal by Manager
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S.No KRA Weight Self Rating Manager Rating
1 KRA 1 50 9 – Very Good 8 – Good
2 KRA 2 30 8 - Good 8 - Good
3 KRA 3 20 7 - Average 7 - Average
Excellent Very Good Good Avg Poor
10 Points 9 Points 8 Points 7 Points 6 Points
>111% 101-110% 91-100% 81-90% <80%
25% Increment
20% Increment 10% Increment
5% Increment No Increment
To be filled by Manager
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PMS Walkthrough – KRA Review
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To be filled by
Individual
To be filled by
Manager
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Employee Appraisal
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About Farsight IT Solutions
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Farsight IT Solutions is a leading HR Technology solutions company. Farsight helps organizations in building internal and external HR eco-system through HR automation solutions & services to drive organizational excellence in today's dynamic marketplace.
Farsight IT Solutions, being your HR service partner, helps you in adopting right technology that matters, leveraging it for your corporate culture and building platform that facilitates your people strategy. Farsight HR solutions are perfect examples of right people and technology combination to solve organizational challenges to recruit right fits, engage employees to retain, nurture them to take up higher responsibilities and manage their performances. We pick industry best HR practices and integrate with high-end technologies to offer unique competitive advantage.
Products –
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Contact
contact@farsightitsolutions.com | www.farsightitsolutions.com
Bangalore OfficeFarsight IT Solutions Pvt. Ltd.
No. 15/1, 3rd Cross, Green Leaf Extension, 80 Ft Road, 4th Block, Koramangala - 560034 (Bangalore), India.
Phone: +91 888 471 2498
Email: contact@farsightitsolutions.com
Head OfficeFarsight IT Solutions Pvt. Ltd.
SCF No-138, 2nd Floor Sector 14, Faridabad - 121007 (Haryana), India.
Phone: +91 129 423 6666
Email: contact@farsightitsolutions.com
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