Management objectives

The Performance Management System inĀ Bajaj Hindusthan Sugar Ltd. aims at:

  • Giving a sense of direction and challenge to the individual and their team through role clarity
  • Helping different functions and departments to go beyond targets and benchmarks and take quantum jumps
  • Creating a supportive and empowering culture in the organization
  • Providing information for annual increments-incentives, promotions, job-rotation, identifying training needs etc.
  • Identify talent for succession planning
  • Identifying employees with long term growth potential
  • Identifying employees performing below expectation and what inputs are required to improve their performance
  • To ensuring growth of employees for organizational perpetuity
  • Creating of Total Quality Environment through enhancing the commitment of people in terms of productivity, quality, technology, structure and systems

The mechanism is two - fold.

A 360 degree performance feedback is provided to each employee by his supervisors, peers, subordinates, internal and external customers on his attitude towards work, planning/work management, controlling and coordinating, team work and collaboration, supervisory and leadership behavior, change management, strength, weakness, opportunity and threats. It provides insights into the strong and weak areas of the employee in terms of effective performance of roles, activities, styles, traits, qualities, competencies, knowledge, attitude and skills, impact on others and the like.

Supervisors, peers, subordinates, internal and external customers of each employee evaluate the achievement level of targets associated with predetermined and mutually agreed upon Key Result Areas. Targets and Key Result Areas are dynamic and are modified each year in response to the organizational challenges. A weightage is attached to each Key Result Area accordingly. This evaluation leads to rating of the employees which has several linkages.

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