Performance Management and Compensation
Performance Management and Compensation
Performance Management and Compensation
COMPENSATION
Assignment 1
Submitted by
A.N Janani
CB.BU.P2MBA17062
Performance Management and Compensation
Description of the Organizational Context:
Let us consider an Information Technology Solutions provider organization and the description
can be given as:
The organization is responsible for providing software solutions to both domestic and
international clients after getting their detailed requirement specifications document. There are
various roles in the organization starting from Chief Executive Officer at the top level to
Programmer Analyst Trainee at the bottom most level. Each of these roles other than the CEO,
reports to a different authority. A Programmer Analyst trainee reports to a programmer
analyst and the programmer analyst reports to a team leader and Team leader reports to a
project manager and Project manager reports to the CEO.
Hierarchy:
CHIEF EXECUTIVE
OFFICER
PROJECT MANAGER
SENIOR SOFTWARE
ENGINEER
PROGRAMMER
ANALYST
Role expectations
Project Manager:
The position of an IT project manager is senior level position at which one can reach after
spending atleast 5-7 years in the company or in the industry. The entire technical staff works
under the supervision of the project manager and report to him. The main responsibility of an
IT project manager is to complete the projects on time and within the budget.
ROLE ANALYSIS:
Project manager:
They take responsibility for the 5 project phases:
▪ Initiation
▪ Planning
▪ Execution
▪ Monitoring & Controlling
▪ Closing
They create the expectations within the project management plan and must ensure those
expectations are met.
The project management plan contains the project schedule, budget, stakeholder needs,
communication requirements, risk analysis, and anything else that is considered part of the
project plan.
Programmer analyst:
Programmer analysts work at various organizations. They design, code, and test new programs.
They must document programs that they write. Documentation should include flowcharts,
layouts, diagrams, charts, code comments, and revision dates. They debug, troubleshoot, and
maintain source code related to various computer programs. Programmer analysts may also be
required to customize computer programs that were bought from vendors to meet their
organization’s specific needs. They must know computer algorithms, formal logic, and
application domain. They may be required to work with vendors, in order to test and approve
their products.
Performance Component
Project Manager
• Coordinate internal Software Engineer Resources for the precise execution of projects
• Ensure that all projects are delivered on-time, within scope
• Assist in the definition of project scope and objectives, involving all relevant partners
and ensuring technical feasibility
• Ensure Software Engineer resource availability and allocation
• Develop a detailed project plan to monitor and track progress
KSA’s required:
• Proven working experience in project management
• Excellent client-facing and internal communication skills
• Excellent written and verbal communication skills
• Solid organizational skills with attention to detail and multitasking skills
• Strong working knowledge of programming languages (C#, .NET preferred)
• Strong working knowledge of Microsoft Office and other Office Tools
• Bachelor’s Degree in appropriate field of study or equivalent work experience
• 3+ years of experience in an IT related discipline
• Demonstrate knowledge and skills in various programming languages and databases
• C# and .NET 4.5+ Framework
• Microsoft SQL Server
Programmer analyst
• Work with designers and content producers.
• Work with users from identifying conceptual system requirements through completion.
• Work with middle-tier developers to integrate back-end database code with business
applications.
• Plan, design, schedule, write, and debug software for web sites.
• Plan, design, schedule, write, and debug database stored procedures and complex queries to
extract, calculate or manipulate information.
KSA’s Required:
• Soft skills training such as client relationship management
• Technical skills such as software testing and quality management
• Excellent communication skills
• Strong problem solving and analytical skills
• Interest in digital trends and technology
• Ability to collaborate with regional and global teams effectively
Review Mechanism:
Executive performance can be measured with a standard management review that focuses on
goals and KRAs. However, as leaders of the organization, it’s often helpful to get feedback from
their clients, peers, internal customers, and direct reports. That’s because executives tend to be
very skilled at getting work done, but may not always be best at managing work relationships.
In order to help our executives grow and develop in their roles, we are seeking feedback from
those who work closely with them. Please share your confidential responses with us. Your
feedback will be aggregated before being shared with the executive in a summarized format.
Please rate this executive on a 1 - 5 scale (1=poor, 5=great) in terms of the following attributes:
1 2 3 4 5 Comments
Time Management
Communication
Skills
Business Acumen
Negotiation Skills
Teamwork
Leadership
Reviewers:
Supervisors:
Having Strong knowledge about the organisation’s strategic goals, usually supervisors are a
great choice to be included in the appraisal process.
Peers:
Many organizations use performance evaluations provided by peers. If competency is listed as a
team work, then peer review can provide a lot of information on that particular employee’s
performance.
Subordinates:
Subordinates are usually are in a good position to evaluate leadership, competencies including
delegation, organization and communication.
Self:
Self-appraisals are important component of performance evaluation. When employees are
given the opportunity to participate in the performance management process , their
acceptance of the resulting decision increases and their defensiveness during appraisal
interview is likely to decrease.
Customers or Clients:
In a software industry set up, clients are the key stakeholders in general, provide yet another
source of performance information. Competencies like time management, cost management
and communication skills can be evaluated by clients.
Frequency of Review:
In most of the software companies, the appraisal forms are completed towards the end of the
fiscal year. In the case of a system including semiannual reviews, one review would be
completed half way through fiscal year and the other one toward the end of the fiscal year.
Appraisal Cycle is divided into two parts. First is the rating cycle that runs From January 1st till
31st December.
Second is the actual appraisal, which consist of either salary hikes or promotions or both. This
happens in June-July, but effective from 1st July.
Advantage of following this fiscal year cycle is the individual goal setting can be more easily tied
to corporate goal setting. This leads to completion of the appraisal form of all employees at
about the same time.