SYNOPSIS

EMPLOYEES’ PERFORMANCE APPRAISAL SYSTEM

With Reference to
Pfizer India Private Limited, Visakhapatnam

A Synopsis Submitted to SDE, Andhra University, Visakhapatnam

MASTER OF BUSINEESS ADMINISTRATION (HR)

Submitted by
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SCHOOL OF DISTANCE EDUCATION

ANDHRA UNIVERSITY, VISAKHAPATNAM

Date : Sep 2021

 INTRODUCTION

Human Resource Management is a relatively new approach of managing

people in any organization. People are considered as the key resource in this
approach. It is concerned with the people dimension in management of an
organization. Human Resource Management is responsible for maintaining good
human relations in the organization. It is also concerned with development of
individuals and achieving integration of goals of the organization and those of the
individuals.

It is one of the functions in organization designed to maximize employee

performance in service of an employer's strategic objectives. HR is primarily
concerned with the management of people within organizations, focusing
on policies and on systems. HR departments and units in organizations typically
undertake a number of activities, including employee benefits design
employee recruitment, "training and development", performance appraisal, and
rewarding. HR also concerns itself with industrial relations, that is, the balancing
of organizational practices with requirements arising from collective bargaining
and from governmental laws.

According to Edwin B. Flippo, ―Human resource management is the

planning, organizing, directing and controlling of the procurement, development,
resources to the end that individual and societal objectives are accomplished.
This definition reveals that human resource management is that aspect of
management, which deals with the planning, organizing, directing and controlling
the personnel functions of the enterprise.
PERFORMANCE APPRAISAL:

According to Edwin Flippo, Employees’ Performance Appraisal system is

the systematic, periodic and impartial rating of an employee's excellence, in
matters pertaining to his present job and his potential for a better job."

Performance appraisal was useful to decide upon employee

promotion/transfer, salary determination etc. But the recent developments in
human resource management indicate that performance appraisal is the basis for
employee development. Performance appraisal indicates the level of desired
performance level, level of actual performance and the gap between these two.
This gap should be bridged through human resources development techniques
like training, executive development.

A performance appraisal is a systematic and periodic process that

assesses an individual employee's job performance and productivity in relation to
certain pre-established criteria and organizational objectives. Other aspects of
individual employees are considered as well, such as organizational citizenship
behavior, accomplishments, potential for future improvement, strengths and
weaknesses, etc.
 NEED OF THE STUDY

Employees’ Performance Appraisal system is viewed as a beneficial

process within the context of an effective system of personnel management. It is
a very effective tool to improve performance and productivity and for developing
employees. It is accepted as a normal management responsibility to review the
performance of all employees and for all managers to discuss performance with
their subordinates on a regular basis. It helps individuals to do better, raises self-
esteem and motivation. Above all it strengthens the management/subordinate
relationship and fosters commitment. Performance evaluation is not a process to
be avoided; rather it should be implemented in all organizations and promoted as
a key management activity. The benefits to be realized from a proper evaluation
system far outweigh the time and effort required to develop, implement and
maintain the process
 OBJECTIVES OF THE STUDY

1. To study the role and importance of performance appraisal of employees

in Pfizer India Private Limited, Visakhapatnam.

2. To know the Performance Appraisal methods and practices in Pfizer India

Private Limited.

3. To study the impact of performance appraisal plans for improvement of

employee performance evaluation and for their wider acceptance.

4. To employee perception of employees on the existing Performance

appraisal practices of the organization.

5. To suggest better performance appraisal plans for improvement of

employee performance.
 METHODOLOGY

This study is conducted through questionnaire method and personal

interaction of the employees the methodology adopted for the present study is
a schedule method through a questionnaire aimed at eliciting information in
line with the objectives of the study samples were taken for the study involved
the gathering of information initially from two sources:

 Primary data
 Secondary data

PRIMARY DATA:

Primary data is collected from the office staff, workers and employees
in the company through structured and personal interviews. It includes first hand
information from within the company. The schedule is especially designed to find
out various performance appraisal and development packages opt to motivate
and retain the employees within the company.

SECONDARY DATA

Secondary sources include the information from the management of

the company, annual reports of the company, various books and journals and the
internet websites.

1. Information available from the past records of the company

2. Information collected from periodicals and journals, sampling.
SAMPLING:

In designing the sample, the researcher must specify three things.

They are

 The sample to be tested

 The process of selection
 The size of the sample

SAMPLING SEGMENTS

The data can be obtained by applying sampling on the following

segments
 Workmen
 Employees
 Technical
 Non-technical
 Executives
 Floor levels on middle level or top level
PRESENTATION OF THE STUDY:

The researcher is going to present the work in five chapters.

CHAPTER – I

 This chapter deals with Introduction, Objectives of the study, Need for the
study, Methodology of the study and Limitations of the study conducted.

CHAPTER –II

 This chapter deals with Industry profile, Company profile and various
aspects related to Pfizer India Private Limited.

CHAPTER- III

 This chapter provides a theoretical framework in Employees’ Performance

Appraisal system.

CHAPTER –IV

 This chapter provides a detailed Data regarding Employees’ Performance

Appraisal system in Pfizer India Private Limited, Visakhapatnam.

CHAPTER –V

 This chapter presents findings and suggestions based on analysis and a

detailed summary of the study.