Our Performance Management System at Bajaj Hindusthan Sugar Ltd aims at:
The Performance Management mechanism employed at Bajaj Hindusthan Sugar Ltd also features a 360-degree performance feedback which 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.
This offers 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 (KRAs). Targets and KRAs 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.