High Profile Call Girls in Pune (Adult Only) 8005736733 Escort Service 24x7 ...
Tcs new-appraisal-system
1. TCS Plans To Adopt New Appraisal System
A performance appraisal (PA) which is also referred to as a
performance review, performance evaluation, (career)
development discussion or employee appraisal is a method with
which the job performance of an employee is documented and
also evaluated. Performance appraisals are an integral part of
career development and consist of regular reviews of employee
performance within organizations.
Tata Consultancy Services (TCS) is rethinking its appraisal
system for its 3,70,000 plus employees after scrapping the Bell Curve model.
As the Indian IT sector shifts away from the relative ranking of its 3 million employees, the
leading companies are bringing in new models.
Tata Consultancy Services is rebuilding its appraisal system from the scratch. To start with,
some of the employees will be assessed after a project is completed instead of half yearly.
According to one TCS executive with knowledge of the matter, there will be separate
appraisal systems for IT employees and BPO employees and the company is even looking at
how senior executives should be appraised. This is all in the testing phase now. Nothing firm
has been decided.
IT services companies of India and large firms across the globe will keenly watch how TCS
manages its appraisal system, given the scale of the exercise. KPMG, Microsoft, Accenture
and Deloitte have abandoned the Bell Curve, a performance rating system that requires
managers to rank their employees against each other. TCS is looking forward to adopt a
system of continuous feedback, a goal that may be hard to achieve given the number of
employees.
Earlier it was reported that TCS was building a technology platform to manage the process of
regular feedback. The TCS executive announced that the company will modify an existing
platform for its IT appraisals, while for the BPO employees it would be more of a social
media system.
2. The same TCS executive added that the system for BPO employees would be more based on
social media, like the internal Knome platform we currently use.
Earlier in this month, a subset of employees received an email detailing the above
modifications. As per the email this is with reference to certain changes being introduced in
the Performance Management System. The stage-wise timelines for appraisal process has
been discontinued last year to encourage the continuous feedback.
"We are now moving towards having one appraisal cycle for entire year applicable for all
employees." The email stated that, instead of half-yearly appraisal system, targeted
employees would move to a projectend appraisal cycle - and that the projects could last
anywhere from two months to almost a year.
"These appraisal cycle changes are in a beta mode and will get rolled out to other employees
over time," a TCS spokesperson said, declining to comment on other changes. TCS is not the
only IT company building new platforms — HCL Technologies has one called iSuccess and
Wipro's is called PerformanceNext.
A TCS spokesperson stated that these appraisal cycle changes are in a beta mode and will get
rolled out to other employees over time. TCS is not the only IT Company building new
platforms — HCL Technologies has one called iSuccess and Wipro's is called
PerformanceNext.
On the market front, TCS share price Rs 2,300.35, up by 5.09 per cent. Get the most
important support and resistance level of the share at TCS share price forecast.
3. Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research
team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
Disclosure
Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment Advisory
Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare
that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered. SEBI,
Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise letters or levied minor
penalty on for certain operational deviations.
Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research Analyst/
his Relative:
Do not have any financial interest / any actual/beneficial ownership in the subject company.
Do not have any other material conflict of interest at the time of publication of the research report
Have not received any compensation from the subject company in the past twelve months
Have not managed or co-managed public offering of securities for the subject company.
Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from the
subject company, nor engaged in market making activity for the subject company
Have not served as an officer, director or employee of the subject company
Article Written by
Nabarupa Kanjilal