Performance Appraisal Policy - Amendment 2023
Performance Appraisal Policy - Amendment 2023
Performance Appraisal Policy - Amendment 2023
Scope: The performance appraisal process will apply to all the employees who have successfully
completed their probationary period.
Procedure:
1.1 Performance Appraisal Cycle:
The performance of each employee will be reviewed formally and in writing on annual
basis by April of every year.
For new employee, performance review will be formally considered only after
completing the probationary period for three months and salary appraisal will be
considered only after completing a minimum of 6 months after probationary period.
Their performance will be reviewed on a pro-rata basis for the 1st year.
1.2.1 Late
Grade A – An employee with Late upto 3% of his/her actual working days by the end of financial year will
be allocated Grade A.
Grade B – An employee with more than 3% Late but does not exceed 8% Late of his/her actual working
days by the end of financial year will be allocated Grade B.
Grade C – An employee with more than 8% Late of his/her actual working days by the end of financial year
will be allocated Grade C.
1.2.2 Leave
Grade A – If an employee does not take any Leave without pay (LWP) during the financial year.
Grade B – If an employee takes any Leave without pay (LWP) for a maximum upto 12 LWP during the
financial year.
Grade C – If an employee takes more than 12 LWP during the financial year.
1.4 Scoring System as per the Grading System for the Performance Indicator:
Score Remark
9 – 10 Excellent
7–8 Good
<7 Poor
1.6 Example:
If an employee gets score as per below table:
Score Remark
9 – 10 Excellent
7–8 Good
<7 Poor
Then, employee will be marked as Good according to the above table as his/her total score is 8.
Note:
LWP may be due to conditions like unapproved leave or leave during probationary period or
unavailable leave balance, etc.
If an employee receives either an Appreciation Mail from their concern Manager or any
Disciplinary Warning from HR or concern Manager will have a positive or negative impact on
their Salary Increment.
Employee who score < 7 as per above table, will not be eligible for Salary Increment for that
financial year.
Managerial Role
Below Grading System and Scoring system will be followed for Managers.
1.8 Scoring System as per the Grading System for the Performance Indicator:
Score Remark
9 – 10 Excellent
7–8 Good
<7 Poor
Note:
LWP may be due to conditions like unapproved leave or leave during probationary period or
unavailable leave balance, etc.
Late will not be applicable to the Managers as they will be working beyond the office hours
whenever required. However, their late will be monitored.
If a Manager receives either an Appreciation Mail from Director or any Disciplinary Warning
from HR or Director will have a positive or negative impact on their Salary Increment.
Manager who score < 7 as per above table, will not be eligible for Salary Increment for that
financial year.