Every organization has a unique performance appraisal process, with its own review or workflow steps. Farsight's automated appraisal workflow management tool makes it easy for you to automate your current process and adapt it tomorrow to meet your changing needs.
Our Performance Management tool kit provides an overview of Performance Management and useful tips for conducting successful, year-round performance evaluation.
3. Phases in PMS
10/7/2013contact@farsightitsolutions.com | www.farsightitsolutions.com3
PERFORMANCE
PLANNING
KRAs
Job Goals
Key Performance
Indicators (KPI)
Key Activities (Action
guidelines)
Performance Standard
and Weightage
PERFORMANCE
REPORTING
MIS Dashboard
Employee Performance
History
Function Performance
History
PERFORMANCE
REVIEW &
DISCUSSION (PRD)
Self Assessment
Reporting Officer’s
Assessment
Review by Functional /
Business Head
Overall performance
rating
APPRAISAL
MANAGEMENT
Increment
Promotion
PIP (Performance
Improvement Plan)
MID year Review
Phases Supported by PMS
4. Process Flow in PMS
10/7/2013contact@farsightitsolutions.com | www.farsightitsolutions.com4
Appraisa
l
Year
Appraisa
l
Cycle
Performanc
e slab /
Rating
Define
KRA &
KPI
KRA
KPI
Templat
e
Appraisal
Process Set-
up
Employee
KRA
Review
KRA Review
by Manager
Employee
Appraisal
5. PMS Walkthrough – Appraisal Year
10/7/2013contact@farsightitsolutions.com | www.farsightitsolutions.com5
12. Self Appraisal
10/7/2013contact@farsightitsolutions.com | www.farsightitsolutions.com12
S.No KRA Weight Self Rating
1 KRA 1 50 9 – Very Good
2 KRA 2 30 8 - Good
3 KRA 3 20 7 - Average
Excellent Very Good Good Avg Poor
10 Points 9 Points 8 Points 7 Points 6 Points
>111% 101-110% 91-100% 81-90% <80%
25% Increment 20% Increment 10% Increment 5% Increment No Increment
To be filled by
individual
13. Appraisal by Manager
10/7/2013contact@farsightitsolutions.com | www.farsightitsolutions.com13
S.No KRA Weight Self Rating Manager Rating
1 KRA 1 50 9 – Very Good 8 – Good
2 KRA 2 30 8 - Good 8 - Good
3 KRA 3 20 7 - Average 7 - Average
Excellent Very Good Good Avg Poor
10 Points 9 Points 8 Points 7 Points 6 Points
>111% 101-110% 91-100% 81-90% <80%
25% Increment 20% Increment 10% Increment 5% Increment No Increment
To be filled by
Manager
14. PMS Walkthrough – KRA Review
10/7/2013contact@farsightitsolutions.com | www.farsightitsolutions.com14
To be filled
by Individual
To be filled
by Manager
16. About Farsight IT Solutions
10/7/2013contact@farsightitsolutions.com | www.farsightitsolutions.com16
Farsight IT Solutions is a leading HR Technology solutions company. Farsight helps
organizations in building internal and external HR eco-system through HR
automation solutions & services to drive organizational excellence in today's
dynamic marketplace.
Farsight IT Solutions, being your HR service partner, helps you in adopting right
technology that matters, leveraging it for your corporate culture and building
platform that facilitates your people strategy. Farsight HR solutions are perfect
examples of right people and technology combination to solve organizational
challenges to recruit right fits, engage employees to retain, nurture them to take
up higher responsibilities and manage their performances. We pick industry best
HR practices and integrate with high-end technologies to offer unique competitive
advantage.
Products –
17. Contact
10/7/2013contact@farsightitsolutions.com | www.farsightitsolutions.com17
Bangalore Office
Farsight IT Solutions Pvt. Ltd.
No. 15/1, 3rd Cross, Green Leaf Extension,
80 Ft Road, 4th Block, Koramangala - 560034
(Bangalore), India.
Phone: +91 888 471 2498
Email: contact@farsightitsolutions.com
Head Office
Farsight IT Solutions Pvt. Ltd.
SCF No-138, 2nd Floor Sector 14,
Faridabad - 121007 (Haryana), India.
Phone: +91 129 423 6666
Email: contact@farsightitsolutions.com