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PERFORMANCE EVALUATION POLICYOFNITIN CASTINGS LIMITED (Approved and adopted on the Board meeting of the Company dated 25.03.2017)Page 1 of 8PERFORMANCE EVALUATION POLICY INTRODUCTION The Company conducts
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How to fill out performance planning and evaluation

01
Start by setting clear and specific goals for the performance planning and evaluation process.
02
Define the competencies or performance indicators that will be used to assess performance.
03
Communicate the expectations and objectives of the evaluation process to the employees.
04
Provide training or guidance on performance management tools or techniques, if necessary.
05
Regularly monitor and provide feedback on employee performance throughout the evaluation period.
06
Use a standardized assessment form or template to document and evaluate performance.
07
Conduct regular meetings or sessions with employees to review their progress and discuss areas for improvement.
08
Recognize and reward exceptional performance to motivate employees and encourage continuous improvement.
09
Summarize and document the performance evaluation results, including strengths, areas for improvement, and development plans.
10
Use the performance evaluation results to support decision-making processes, such as promotions, salary adjustments, or training opportunities.

Who needs performance planning and evaluation?

01
Performance planning and evaluation is beneficial for organizations of all sizes and types.
02
It is particularly essential for:
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- Employers who want to align employee performance with organizational goals and objectives.
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- Managers who need to assess employee performance and provide feedback for improvement.
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- HR professionals responsible for talent management and development initiatives.
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- Employees who wish to understand their performance expectations and have a clear roadmap for growth and advancement.
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- Organizations aiming to foster a culture of continuous learning, improvement, and accountability.
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Performance planning and evaluation is a systematic process that organizations use to set goals, measure outcomes, and assess the performance of individuals or teams against set objectives.
Typically, employees at various levels within an organization are required to participate in performance planning and evaluation, along with their supervisors or managers who oversee the process.
To fill out a performance planning and evaluation form, employees should clarify their goals and objectives, gather necessary data on their performance metrics, and document their results and areas for improvement as guided by the form's structure.
The purpose of performance planning and evaluation is to enhance organizational effectiveness by aligning individual performance with strategic goals, providing feedback, and identifying training and development needs.
Information that must be reported includes specific performance objectives, measurable outcomes, progress towards goals, feedback from supervisors, and any recommendations for future development.
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