Shalini Liberty Project

7/27/2019 Shalini Liberty Project

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DECLARATION

I hereby declare that I have completed the project entitled A study of

Performance Management System assigned to me by Liberty Shoes ltd. for the

training report to be submitted in the partial fulfillment of BBA-3yr. Degree from

Kurukshetra University. Further I declare that this is original work done by me and

information provided in the study is authentic to the best of my knowledge belief my

training.

This study has not been submitted to any other Institution or University for the

award of any other degree or for any purpose.

Shalini Rai


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Preface

Managing human resources in todays dynamic environment is becoming more and more

complex as well as important. Recognition of people as a valuable resource in the

organization has led to increases trends in employee maintenance, job security, etc

My research project deals with Performance Management System as carried out at Liberty

puram (Kutail). In this report, I have studied &evaluated the performance Management

System process as it is carried out in the company.

In the first section of my report, I have conducted a research study to evaluate the process of

performance Management System as carried out at Liberty puram (Kutail).

The second section of my report deals with a detailed company profile. It includes the

companys history: its activities and operations, organizational structure, etc. this section

attempts to give detailed information about the company and the nature of its functioning.

The third section deals with performance Management System. In this section, I have given a

brief conceptual explanation to performance Management System. It contains the definition,

process and significance of performance Management System. this section also contains my

findings, conclusions, suggestions and feedback.

Shalini Rai

Acknowledgement


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A drop of ink makes million think

Any research work is never an individual effort. It is contributory effort of many hearts &

heads. I take this opportunity to express my appreciation & gratitude to all those, with whom

I worked, interacted and whose insides and thoughts help me in furthering my knowledge and

completion of my project report.

A project of this nature is the product of the ideas and experiences of several persons. So, an

undertaking of a work like this is never the outcome of efforts of a single person, rather it

bears the imprints of a number of persons who are behind the curtain.

First of all, I would like to extend my thanks to MR. ADESH GUPTA C.E.O., liberty shoes

Ltd. who exceeded to my request and allowed me to work on this project.

At the earliest, I express my gratitude towards MR.Y. K. SHARMA (Industrial Guide) as a

Asstt. Manager- H.R. of Liberty Shoes Ltd. he always gave valuable guidance through over

the tenure of my work. I also provide thanks to Mr. TEJPAL, JOGINDER and VIKRANT &

other staff member of HR Deptt. of Liberty Shoes Ltd. for their help & cooperation.

I would also thanks to respected director sir and other faculty members of my institute.

Last but not least, I would like highly thanks to my father and all of them who help me

directly and indirectly in accomplishment of my training and give highly cooperation in thisproject.

Shalini Rai

CONTENT


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1) INTRODUCTION OF PERFORMANCE MANAGEMENT SYSTEM

2) OBJECTIVE OF STUDY

3) INDUSTRY PROFILE

4) COMPANY PROFILE

5) PERFORMANCE MANAGEMENT SYSTEM IN LIBERTY

6) RESEARCH METHODOLOGY

7) DATA ANALYSIS AND FINDING

8) CONCLUSION

9) LIMITATIONS

10) SUGGESTIONS

11) BIBLIOGRAPHY

INTRODUCTIONINTRODUCTION

Introduction To Company


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THE MAN WHO CANNOT BELIEVE IN HIMSELF CANNOT BELIEVE IN

ANYTHING ELSE.

Roy L. Smith

According to him, the person firstly should try to believe on himself then start to believe on

others and same slogan is proved by these honorable persons late Mr. D P Gupta, late Mr. P

D Gupta and late Mr. R K Bansal. With their efforts they started their business in 25 th Dec,

1954 with five firms :

Liberty Footwear Company

Liberty Enterprises

Liberty Leathers

Liberty Group Marketing Division

Liberty Shoes Limited.

Liberty shoe LTD is one of the oldest companies which completed their life cycle more than

50 years. Company occupies the market share near about 15 to 20 % of the total footwear

market. And get 5th position in the world foot wear market. This position is only possible

with the efforts of the firm and proper utilization of the available funds.

Performance

Employee Performance Management is a process for establishing a shared workforce

understanding about what is to be achieved at an organisation level. It is about aligning the

organisational objectives with the employees agreed measures, skills, competency

requirements, development plans and the delivery of results. The emphasis is on

improvement, learning and development in order to achieve the overall business strategy and

to create a high performance workforce.

Performance management includes activities to ensure that goals are consistently being met

in an effective and efficient manner. Performance management can focus on the performance

of an organization, a department, employee, or even the processes to build a product or

service, as well as many other areas.

OBJECTIVES OF THE STUDY

The main objective of this study was to know performance management system in the

organization. The sub objectives that we wanted to achieve are as follows:-
http://www.peoplestreme.com/performance-management-1.shtmlhttp://www.peoplestreme.com/workforce-planning-1.shtmlhttp://www.peoplestreme.com/objectives.htmlhttp://www.peoplestreme.com/strategy-mapping-1.shtmlhttp://www.peoplestreme.com/workforce-planning-1.shtmlhttp://www.peoplestreme.com/workforce-planning-1.shtmlhttp://www.peoplestreme.com/objectives.htmlhttp://www.peoplestreme.com/strategy-mapping-1.shtmlhttp://www.peoplestreme.com/workforce-planning-1.shtmlhttp://www.peoplestreme.com/performance-management-1.shtml


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To know whether the employees are aware of the appraisal system followed by the

company.

To ascertain that what the factors are those are considered while appraising the

performance of employees. To know that whether there is any biasness in the performance appraisal system of the

organization.

To find out the satisfaction level of employees regarding companies appraisal system.

To analyze the various factors that can motivate employees in their work.

To invite suggestions for the welfare of the employees of the company.

RESEARCH

METHODOLOGY

RESEARCH METHODOLGY


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Research is an important pre-requisite for a dynamic organization to be prcised. Research is

more systematic activity directed towards the discovery and development of organized body

of knowledge. Some of the characteristics of research methodology are as follows:

Research is directed towards a solution of problem. It may attempt to answer a question or

determine the relation between two or more variables.

Research involves gathering new data for primary of first hand sources or using existing data

for new purposes.

Research is based on observable experience or empirical evidence.

Research strives to be objective and logical applying every possible test to validate the

proceed are employed the data collection and conclusion research.

STEPS OF METHODOLOGY

COLLECTION OF DATA

ORGANIZATION OF DATA

PRESENTATION OF DATA

ANALYSIS OF DATA

INTERPRETATION OF DATA


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RESEARCH

Research comprises defining and redefining problems, formulating hypothesis or suggested

solutions, collecting, organizing and evaluating data, making deductions and reaching

conclusions and at last carefully testing the conclusions to determine whether they fit the

formulating hypothesis.

RESEARCH METHODOLOGY

Research methodology is a way to systematically solve the problems. It is a way of studying

how research is done scientifically. It consists of various steps that are generally adopted by

the researcher in studying his research problems along with the logic behind them.

For solving the problem related to performance management of the LIBERTY company

research is done by using the 360 degree performance appraisal method which is helpful in

analysis of , performance management simplification of accounting data, helpful in

comparative study, helpful in locating the weak spots of the business,

helpful in forecasting, estimating the trends of the business, effective control etc.

RESEARCH DESIGN

Research design is a framework or the blue print for conducting the research project.

Research design is the arrangement of conditions for collection and analysis of data in a

manner that aims to combine relevance to the research purpose with economy in procedure. It

includes an outline of what the researcher will do from writing the hypothesis and its

operational implications to the final analysis of data.

An overall plan of action to be followed during an experiment to be sure that the

objective are met. Often the specific procedures to solve problems are included in the

research design

The main objective of over study is to analysis the performance management of the firm

through 360 degree performance appraisal method. This technique are helpful in solving the

problems which we faced during the research. Research Design refers to "framework or plan

for a study that guides the collection and analysis of data". A typical research design of a

company basically tries to resolve the following issues:

Determining Data Collection Design

Determining Data Methods

Determining Data Sources

Determining Primary Data Collection Methods


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TYPES OF RESEARCH DESIGN

Exploratory research design

Descriptive research design

EXPLORATORY RESEARCH DESIGN

It is also termed as Formulative research design. The main purpose of the study is to

formulate a problem for more precise investigation. In it

we understand the performance management through 360 degree performance appraisal

method.

DESCRIPTIVE RESEARCH DESIGN

This research is the most commonly used and the basic reason for carrying out descriptive

research is to identify the cause of something that is happening.

The research design is the master plan specifying the methods and procedures for collecting

& analyzing needed information. The research design in this project is DISCRIPTIVE.

Descriptive research includes surveys & facts findings.

SOURCES OF DATA

It is of two types:-

Primary Data

Secondary Data

PRIMARY DATA

Primary data are those data, which is originally collected. It is of following types

questionnaire, interview, observation etc.

SECONDARY DATA

Secondary data are those data which are collected and which has been passed through

statistical research.In this project, secondary data has been collected from following sources:-

Annual Reports

Books

Internet

Other material and report published by company


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SAMPLE DESIGN

Sample design is a technique or the procedure which the researcher would adopt in selecting

items for the sample. It is not possible for any researcher to include each and every member

of the universe in his research process. So, he selects small portion of the universe, which is

its true representative. This group known is sample and this process is called Sampling.

Sample designs are basically of two types:

Non Probability Sampling

Probability Sampling

NON- PROBABILITY SAMPLING

In this items for the sample are selected deliberately by the researcher, by using his own

judgment. In this every item of universe does not have equal chances of inclusion in the

sample.

It can be of following type:

Convenience Sampling

Judgment Sampling

Quota Sampling

PROBABILITY SAMPLING

It is also known as Random Sampling or Chance Sampling. In this, each population element

has equal chance of selection.

It can be of following type:

Random Sampling

Stratified Sampling

Cluster Sampling

Multi stage Sampling

In this project, non - probability sampling has been used because sample is selected by own

view and every item of universe has not equal chances of being selected. Under non-

probability sampling, convenient sampling has been used because sample has been selected

according to own convenience.

Sampling size: This refers to the number of person institution to be surveyed. Total sampling

size of this study is 50


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Sampling procedure: This refers to the procedure by which respondents should be chosen.

This study is conducted on the basis of convenience sampling and judgment sampling.

DATA COLLECTION METHODS:

1. Primary data is gathered through a survey conducted on employees.

2. Secondary data is collected from internet, files, record books, company manuals and books

Research instrument used in this project report for collecting primary data is

Questionnaire

INSTRUMENT USED: Questionnaire

SAMPLING TECHNIQUE: Random sampling

DATA ANALYSIS:

The data collected through survey was analyzed with the help of simple percentages, tabular

and graphic methods which included pie charts, bar graphs are used to analyze the data.

LIMITATIONS

1) Analysis was based on sample results

2) Some employees were not very open, forthcoming in writing their responses

3) It was difficult to get questionnaire filled by employees due to their busy schedule

4) Some employees had biased response style in dealing with sensitive issues


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INDUSTRY PROFILE

Overview of the footwear industrial sectorFootwear has become out as one of the basic needs and necessities of todays human being. It

is as important for a human being as clothes and shelters. The importance of this product has

been highly recognized in the western countries. Footwear industry in these countries come in

the category of other developed industries, for example Nikes and Reeboks of

America,Lapsa2 of U.K., Goose of Italy are some of the highly reputed companies

manufacturing hi-tech shoes and having worldwide acceptability. The footwear industry in

India is somehow different and regretfully his industry could not develop itself despite the

fact that India being second largest populated country in the world, surplus manpower and

resources of raw materials, whatever the reason being

The footwear sector is a diverse industry which covers a wide variety of materials (textile,

plastics, rubber and leather) and products from different types of men's, women's and

children's footwear to more specialized products like snowboard boots and protective

footwear. This diversity of end products corresponds to a multitude of industrial processes,

enterprises and market structures.Footwear industry action aims to promote innovation, competitiveness and competition

between companies involved in the sector, combat fraud and counterfeiting, and protect

consumers' health and the environment.

The Indian footwear industry consists of a large number of small enterprises most of which

are located in regions with little industrial diversity. However, there are differences from one

member state to the other.

Footwear is expected to comprise about 60% of the total leather exports by 2011 from over

38% in 2006-07.

Presently, the Indian footwear market is dominated by Men's footwear market that accounts

for nearly 58% of the total Indian footwear retail market.

By products, the Indian footwear market is dominated by casual footwear market that makes

up for nearly two-third of the total footwear retail market.

The Indian footwear market scores over other footwear markets as it gives benefits like low

cost of production, abundant raw material, and has huge consumption market.


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Company profile

The Company

(LIBERTY SHOES LIMITED, LIBERTY PURAM)

LIBERTY SHOES LIMITED22

INTRODUCTION

Liberty Group, come a long way since it began its operations a little over 50 years ago in the

city of Karnal, Haryana. The emphasis since the very beginning has been to offer great

products at value for money or affordable prices. This led to the development of Liberty

Patented HUMANTECH approach which synergize traditional workmanship with state of

the art technology to provide the best quality at the most competitive price.Liberty Group

companies, set various benchmarks in Footwear Manufacturing within the Groups


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Production facilities and also to Industry.Liberty as a brand is constantly evolving to keep

pace with the changing trends, styles, beliefs and aspirations of people while maintaining the

sanctity of certain traditions like workmanship and good value.

The importance of footwear is highly recognized in western and other advanced countries, so

the footwear industry grew in full swing that originated big companies like Nike, Reebok,

Gucci, and Addidas etc. But the scenario in India is somewhat different and regretfully as the

industry could not develop itself despite the fact that India being second largest populated

country in the world, surplus manpower and resource of raw material, whatever the reason

being.

Till the mid of 20th century, the bulk of shoe industry was in cottage sector. Professional

cobblers were responsible for production of every type of shoes. But in the past one decade

the situation has completely changed because new generation of professionals did not adopt

this line as shoemaker and preferred to join white-collar jobs.

HISTORY

Liberty Group started operation in 1954 and comprises of five firms, namely:

Liberty Footwear Company

Liberty Enterprises

Liberty Leathers

Liberty Group Marketing Division

Liberty Shoes Limited.

It was the 25th December of 1954 when India was nurturing its growth as a free country, three

dreamers in a small town in erstwhile Punjab thought of producing an Indian brand of

footwear to make a basic necessity available to their countrymen.

Mr. D P Gupta, Mr. P D Gupta and Mr. R K Bansal allowed their vision to cross every

barrier and thought cutting-edge technologies to their own country. Within a short span of

time, the name, Liberty became a synonym to quality footwear in the domestic market and

this encouraged the company to invest further for enhancing production capacities and to

cater to the demands of international markets.


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The company was incorporated on the 3rd September 1986 as a Public Limited Company and

obtained the Certificate of Commencement of Business on 11th March 1988. The company

has been set up to manufacture and sell leather and non-leather shoes, leather shoe uppers and

leather garments. Presently the company is engaged in the manufacturing of leather and non-

leather shoes.

It had also set up a joint venture in Russia to manufacture shoes in 1991 under the name of

M/S Gorky Production 7 shoes Unit, gorky. The Company is marketing its product nationally

and internationally under the brand name LIBERTY and is well established in the national

and international market. The company had entered into an agreement with one of the group

firms M/S Liberty Enterprises for using the established brand name Liberty.

The company commenced its commercial production for non-leather shoes on 25 th December

1993. Initially one direct injection-soiling machine was installed with a capacity of 24000

pairs per annum on single shift basis. The second direct injection soiling machine was

installed in March 94. From the commencement of commercial production till 31 st March

1994, the company has been operating on full capacity.

In 2000 the company entered into an agreement for sale/purchase of goods and/or taking on

franchise basis the production of franchise basis the production facilities and/or acquire

movable and immovable property including plant and machinery, building etc. with Liberty

Group Marketing Division and/or Liberty Enterprises, partnership firms.

In 2003 Liberty Footwear introduced its innovative Liberty Footstylers collection. It is also

unveiling a slew of shoes whose price ranged between Rs 1,500 and Rs. 2,500, higher than its

other products such as Gliders, Windsor and Senorita.

Pearl Academy inked pact with Liberty Shoes.

In 2004 Liberty Shoes Board approves setting up of subsidiary Company.

Mr. Adesh Gupta presently working as Executive Director of the Company since July 16,

2001, was elevated as Chief Executive officer (CEO) of the Company.

Liberty Shoes Limited launched its retail format, Revolutions.

Liberty Footwear Company Ltds claimed to use brand name Revolution for its new

footwear retail chain has been challenged by a Delhi-based womens wear chain Revolution

Clothings, which too, has claimed ownership of the same brand name.

In 2005 Liberty unveiled new range of footwears.


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MISSION

To ensure that the method we use is the latest technology world-over.

To walk that extra miles to ensure customer satisfaction worldwide, to remain a true

cosmopolitan to the spirit.

To remain a great corporation to associate with, to work for, to know that:

We Are About People.

SOCIAL CONTRIBUTION

Liberty Footwear Training Institute formed by Directors is developing the local public

as technicians of Footwear Industry.

Management of Liberty Sponsors the children of Liberty Employees for higher

studies gives training and employment after graduation in FDDI.

Social and Environmental Standard ISES-2000 is in practice with Liberty. This

standard is being monitored by Indo German Export Promotion Project in India.

The products being used by Liberty are Eco-friendly and providing latest technology

to Industry when Indian Markets related with Environment & Safety are not even aware about

the new standards and technology.

DIRECTORS AND OFFICERS

BOARD OF DIRECTORS

Adarsh Gupta

Shammi Banal

Adesh Gupta

Harish Kumar Gupta

Sunil Banal

Salish Kumar Gupta


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S.K,Goel

AUDIT COMMITTEE

Sunil Bansal

S.K. Goel

Sandeep Raja Goyal

Rajeev Goel

SHARE TRANSFER COMMITTEE

Adarsh Gupta

Sunil Bansal

Sundeep Raja Goyal

MEMBERSHIP AND CERTIFICATE

Federation of India chambers of commerce & Industry (FICCI)

Confederation of India Industry (CII)

PHD Chamber of commerce and Industry (PHDCCI)

The associated chambers of commerce and Industry of India (ASSOCHAM)

Federation of India Export Organization (FIEO)

Council for Leather Export (CLE)

ISO 9001: 2000

Liberty has production facilities at the following locations:

Gharaunda, Haryana, (Approx.95 K.M. from Delhi)

Libertypuram, Haryana (Approx.102 K.M. from Delhi)

Karnal, Haryana, (Approx.124 from Delhi)

Satiwala, Poanta Sahib, Himachal Pradesh (Approx 225 K.M. from Delhi)

Batamandi, Poanta Sahib, Himachal Pradesh (Approx 229 K.M. from Delhi)


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Dehradun, Uttranchal (Approx. 300 K.M. from Delhi)

Roorkee, Uttranchal (Approx. 150 K.M. from Delhi)

LIBERTY PLANS TO EXPANDS GLOBAL PRESENCE

Liberty group has also established manufacturing plant in Uttrakhand state and opening 25

exclusive outlets across the country as well as in 7 overseas centers. Each outlet is estimated

to see an investment of Rs.7.5 million.

With a turnover of Rs.500 crores the company is emerging as multinational brands with about

350 Exclusive distributors all over the world. As opposed to the earlier model of expending

retail outlets we plan to bring down the number of retailer from 5000 to 4000. We do not

want retail presence for name shake; the ideas to have real brand presence, Liberty plans to

open super premium at Singapore, Kualampur, Dhaka, Colombo and Dubai by 2008. They

currently exports about 25% of footwear production to Germany, Italy, France, United States

and the Middle East.


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COMPANY PROFILE AT A GLANCE


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Year of Establishment : 1954

Employment : Above 5000 employees

Business Investment : US$ 100 Million

Status of Business : Flagship company of the group, Liberty Shoes

Ltd., a public limited company listed in all

major stock exchanges of India

Present Activities : Second largest footwear manufacturer in the

country having fully integrated plants to

manufacture various kind of footwear with

Annual Production of aver 10million pairs.

Annual Turnover : Over US $ 125 Million

Brand Equity : Mother Brand LIBERTY is ranked among Top

100 brands in the country .Other Successful

National brands, known for its respective

segment of footwear.

Infrastructure : Various plants spread over 200 acres of land in

and around Karnal & Gharaunda, Haryana and

Dehradun ,Uttaranchal supported by storing

Marketing Network having :

14 Branch offices

02 Overseas offices

300 Liberty Exclusive Distributors

350 Liberty Exclusive Retail Store

Export : All over the world, mainly with Europe in

Germany

United Kingdom

France

Spain

Hungary

Technology : Liberty patented technology Humantech is a

combination of human craftsmanship and

technological excellence with following

technologies available in the world for Footwear

Industry.

Cemented construction

Direct PVC Injection

Direct PU Injection

Direct EVA Injection

Direct TPU Injection


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COMPANY PHILOSOPHY

Steeped in a philosophy that has at its core innovation, technology and advancement, we at

Liberty, pride ourselves over and above everything else on our healthy and heart-felt respect

for the human ethos. Which projects itself in the expectancy and excitement with which one

greets the arrival of the new combined with a sincere and deep regard for the old, which is

appreciative of and adopts at every stage the unique balance between modernization and

tradition?

COMPANY CREDO

To ensurethat the method we use, is the latest technology world over.

To follow the highest standards of honest workmanship in whatever we make.

To walk that extra mile to ensure customer satisfaction worldwide.

To remain a great corporation to associate with, to work for, to know that-

We are about people

THE MOTTO

The Motto of Liberty ensures that its employees work towards achieving greater heights. Its

motto is

ONE STEP AHEAD, ALWAYS

MISSION AND VISION


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Mission:

Enrichment of the lives of the customers globally by our commitment to the industry and in

making available product and services that truly matches their desires in terms of style,

comfort and value.

Vision:

To keep us the fantastic growth that liberty has shown ever since its inception.

Objectives:

Implementing quality management system and continually improving its effectiveness.

Acquiring global recognition and progressive increase in customers satisfaction

Progressive improvement in product quality and productivity

Progressive decrease in number of internal rejections.

Improving performance of employees through training and encouraging team work for

finding solution

NATIONAL AND INERNATIONAL AWARDS

The Liberty group has also won several prestigious national and international awards are as

under:

1. Leather exports promotion council merit award (1975) till 1982

2. Haryana govt. export award (1978-1979)

3. International Asian award, Jakarta (1982)

4. European award, Paris (1987)

5. National award for best export garment (1987-1988)

6. International award for good quality, Brussels Belgium (1988)


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PRODUCT PROFILE

POWERFUL BRANDS

FOR MEN:

Coolers, Force 10, Fortune, Gliders, Windsor

FOR WOMEN:

Force 10, Gliders, Senorita, Tiptop

FOR KIDS:

Fortune, Force 10, Gliders, Perfect

SAFETY SHOES:

Freedom, Warrior, Workman

BRANDS

This family brand is style personified with something for every need. Be it formal or casual,

at office or at the beach, a conference or a soiree Liberty fits in effortlessly.


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A choicest range of school shoes for both boys and gals in buckled and lace type that makesschool going an interesting affair. Available in shining black and pure white, its wide variety

makes way for the wonder years of school life.

A pure male fashion brand, Fortune has the latest styles in formal footwear for men. Its

flamboyance gives the brand strong following.


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A Windsor shoe embodies comfort and style. With its classic looks that's popular amongst the

young executives the Windsor brand of shoes are one of the largest set of Men's shoes sold by

Liberty.

Gliders is a complete range of footwear in itself. Using the trendy EVA technology it

comprises of beachwear to casual as well as formal footwear both in leather and other

innovative material meant. And is perfect for not just grown up boys and girls but young kids

too.

The brand offers women comfortable and fashionable slip-ons, sandals and bellies with neat

styling thrown in, not bordering on the bizarre but acceptable across a wide spectrum.

Liberty 's Warrior range has over a short period of time developed a reputation that's an envy

of many a competition. The product quality and the range that we produce have gained


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acceptability across a varied segment of industrial users. Some of the biggest corporate

houses of the country are sourcing the footwear for their workforce from us. The product

range caters to the building and construction industry, the Oil industry the healthcare segment

.The range has not just safety shoes but footwear for the executives in the company and

special footwear for the nurses and the healthcare segment.

Presenting low budget Safety Shoes from the house of Liberty.Workman Safety Shoe is

specially designed & developed for Industries like Construction,Engineering, Service sector

where contractual workers with limited budget are employed.

Professionals, undertaking high impact, electrical, thermal, chemical or even slippage risks,

walking over surfaces or operating in environments that expose them to dangers related to

these, use a pair of Boots that they completely rely on.

Whether you are a power plant technician, alkali unit worker, or even an X-treme sports

practitioner, you will appreciate the safety of FREEDOM Protective Professional Boots.Made from super-resilient rubber, blended with PVC, these boots afford the protection that

no ordinary footwear can provide, no matter how well they are constructed. They are resistant

to, electrical shock, mechanical crush, chemical corrosion and extreme heat and cold. These

boots are also anti-static, anti-slippage, non-tearable. FREEDOM offers safety and durability

that you may have near experienced before.


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Sporty and vibrant the Force 10 range has been rewriting the industry norms. Constant

technology upgradations have made it one of the more desired brands in the category.

SENORITA is a brand for the fashion and style conscious young woman. She's comfortable

expressing herself and makes life beautiful and invigorating whether at work or home .

Coolers are a brand of unisex sandals and slip-ons. Catering to a wide segment across the

country Coolers are much sought after not just in the summer season but also during the


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monsoons and in the coastal regions for their water-resistant property.

The brand exhibits the vivacity of children in every way. Colorful and comfortable, the range

has smart sandals, elegant sports shoes and bright colored lace up to ensure a formal look for

the children.

MARKETING Strategy

Liberty has a distribution Network that rivals the human arterial system reticulate network of

retailers, showrooms and exclusive outlets with a reach like a blue green marine octopus.

Thanks to the vision and drive of our corporate, we now have a sales Network that brings the

breathtaking world of super footwear right at your feet, within seconds. A marketing system

that we have conceived and created is understandably, the envy of the competition.

Marketing

Network

National International

Offices 13 2

Distributors 150 10

Exclusive

showrooms

350 10

Shoe stations 7000 500


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EXPORT MARKET

The various export markets of the Liberty Shoes Ltd.are:

Germany

Italy

Spain

East Europe

Indian sub continents


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PROCESS FLOW CHART

STUCK - ON

PRODUCTION

PLANNING & CONTROL

MATERIALS

MANAGEMENTFABRICATION

PRODUCTIONS PURCHASING JOB

WORK

EVA INJECTED

FOOTWEAR

CUTTING & STORAGE

CLOSING UPPER STORES

EVA COMPOUNDING

STORAGE & DESPATCHFINISHED

GOODS

DESIGN & DEVELOPMENT

PVC INJECTED

FOOTWEAR

MARKETING


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SCALING IN ALL DIRECTIONS


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COMPETITORS

ACTION

SHOES

ACTION

SHOES

BATA

SHOES

BATA

SHOES


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The Journey OF NIKE

1960s-Phillip Knight(CEO) & William Bowerman partnered to sell running shoes to

athletes. Headquarters- Washington. 1978 officially renamed itself to Nike.2008- revenue in

excess of $18.6 billion USD.

Marketing Strategy

1) Nike's marketing strategy is an important component of the company's success.

2) Nike is positioned as a premium-brand, selling well-designed and expensive products.

3) Nike lures customers with a marketing strategy centering around a brand image whichis attained by distinctive swoosh logo and the advertising slogan: "Just do it".

4) Nike promotes its products by sponsorship agreements with celebrity athletes,

professional teams and college athletic teams.


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BATA SHOE ORGANIZATION

Bata Industrials Worldwide

1) Today, Bata Industrials is one of worlds largest manufacturers.

2) Bata Industrials has operations and production facilities in most of the Countries

worldwide.

3) Bata Industrials Footwear incorporates more than 100 years of experience.

Bata India Limited :-

1) Incorporated as Bata Shoe Company Private Limited in 1931, the company was set up

initially as a small operation in Konnagar (near Calcutta) in 1932.

2) Bata India is the largest company for the Bata Shoe Organization in terms of sales pairs

and the second largest in terms of revenues.

3) Bata India Limited is the largest footwear retailer in India.

4) Bata India has more than 1250 stores across the Country.

Marketing Strategy

1) Bata is reinventing itself and tries to gain the faith by providing goods according to taste

and preferences of the customers.

2) Target new market- focusing on kids and ladies footwear

3) Improving shoe line - Launching international brands, focus on style will attract new

young customer class

4) Low to medium priced footwear for the common person across the globe.


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ACTION SHOES

since 1977 action shoes company came in to the existence

Action is headquartered in Delhi.

Quality shoes for the whole family-ranging from casuals to formals.

Most Action offerings are in the mid - range price segments.

Complete family footwear

A backward integration strategy

A forward integration strategy

Marketing strategy.

Wide consumer base.

Wide price products.

Social responsibility


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;RELAXO

Relaxo stepped into the footwear industry in 1976 .

It started off with the manufacture of Hawaii slippers and subsequentl

diversified into manufacturing casuals and school leather shoes.

From a modest sale of around Rs. 1 million in the year 77-78, it has today crossed the

Rs. 2000 million+ figure.

Relaxo has the capacity to manufacture over 100 million pairs, per annum.

customer base of around 100 million people.

Marketing strategy

Economies of scale.

Hitting customer base in lower and middle class. Slippers & School shoes

Low price products with good quality


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PROJECT

PERFORMANCE MANAGEMENT

Employee Performance Management is a process for establishing a shared workforce

understanding about what is to be achieved at an organization level. It is about aligning the

organizational objectives with the employees agreed measures, skills, competency

requirements, development plans and the delivery of results. The emphasis is on

improvement, learning and development in order to achieve the overall business strategy and

to create a high performance workforce.

Performance management includes activities to ensure that goals are consistently being met

in an effective and efficient manner. Performance management can focus on the performance

of an organization, a department, employee, or even the processes to build a product or

service, as well as many other areas.

The PM approach is used most often in the workplace but applies wherever people interact

schools, churches, community meetings, sports teams, health setting, governmental agencies,

and even political settings. PM principles are needed wherever in the world people interact

with their environments to produce desired effects. Cultures are different but the laws ofbehavior are the same worldwide. Armstrong and baron (1998) defined it as A strategic and

integrated approach to increasing the effectiveness of organizations by improving the

performance of the people who work in them and by developing the capabilities of teams and

individual contributors

FEATURES:-

1) the fastest known method for career promotion;

2) the quickest way for career advancement;

3) the surest way for career progress;

4) the best ingredient in career path planning;

5) the only true and lasting virtue for career success;

6) the most neglected part in teachings about management and leadership principles;

7) the most complete and sophisticated application of performance management;
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8) the best integration of human behavior research findings, with the latest management,

leadership and organizational development principles;

9) the best automated method for organizational change, development, growth,

performance and profit;

OBJECTIVES OF PERFORMANCE APPRAISAL

To review the performance of the employees over a given period of time.

To judge the gap between the actual and the desired performance.

To help the management in exercising organizational control.

Helps to strengthen the relationship and communication between superior-

subordinates and management-employees.

To diagnose the strengths and weakness of individuals so as to identify the training

and development of the future.

To provide feedback to the employees regarding their past performance.

Provide information to assist in the other personal decisions in the organization.

Provide clarity of the expectations and responsibilities of the functions to be

performed by the employees.

To judge the effectiveness of the other resource functions of the organization such as

recruitment, selection, training and development.

To reduce the grievances of the employees.

HISTORY OF PERFORMANCE MANAGEMENT

Performance Management began around 60 years ago as a source of income justification and

was used to determine an employees wage based on performance. Organisations used

Performance Management to drive behaviours from the employees to get specific outcomes.

In practice this worked well for certain employees who were solely driven by financial

rewards. However, where employees were driven by learning and development of their skills,

it failed miserably. The gap between justification of pay and the development of skills and

knowledge became a huge problem in the use of Performance Management. This became

evident in the late 1980s; the realisation that a more comprehensive approach to manage and
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reward performance was needed. This approach of managing performance was developed in

the United Kingdom and the United States much earlier than it was developed in Australia.

In recent decades, however, the process of managing people has become more formalised and

specialised. Many of the old performance appraisal methods have been absorbed into the

concept of Performance Management, which aims to be a more extensive and comprehensive

process of management. Some of the developments that have shaped Performance

Management in recent years are the differentiation of employees or talent management,

management by objectives and constant monitoring and review. Its development was

accelerated by the following factors:

1) The introduction of human resource management as a strategic driver and integrated

approach to the management and development of employees.

2) The understanding that the process ofPerformance Managementis something thats

completed by line managers throughout the year it is not a once off annual event

coordinated by the personnel department.
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PROCESS OF PERFORMANCE MANAGEMENT IN ORGANISATION

ESTABLISH

PERFORMANCE

STANDARDS

COMMUNICATING

THE STANDARDS

MEASURING THE

ACTUAL

PERFORMANCE

COMPARING THE

ACTUAL WITH

DESIRED

DISCUSS RESULTS

DECISION

MAKING


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1.) ESTABLISH PERFORMANCE STANDARDS

The first step in the process is the setting up of the standards which will be used to as the base

to compare the actual performance of the employees. This step requires setting the criteria tojudge the performance of the employees as successful or unsuccessful and the degrees of their

contribution to the organizational goals and objectives. The standards set should be clear,

easily understandable and in measurable terms. In case the performance of the employee

cannot be measured, great care should be taken to describe the standards. KPAs are set for

each employee and they are prioritized. 70% weightage is given to technical skills and 30%

weightage is given to behavioural skills. Behavioural skills expected from employees are

same for all employees. Assessment is done by the head of the department.

2.) COMMUNICATING THE STANDARDS

Once set, its the responsibility of the management to communicate the standards to all the

employees of the organization. The employees are informed and the standards are clearly

explained to them. This will help them to understand their roles and to know what exactly is

expected from them. The standards are also communicated to the appraisers or the evaluators

and if required. The standards can also be modified at this stage itself according to the

relevant feedback from the employees or the evaluator


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3.) MEASURE THE ACTUAL PERFORMANCE

The most difficult of the performance appraisal process is measuring the actual performance

of the employees that is work done by the employees during the specified period of time. Is is

a continuous process which involves monitoring the performance throughout the year. Thisstage requires the careful selection of the appropriate techniques of measurement, taking care

that personal bias does not affect the outcome of the process and providing assistance rather

than interfering in an employees work.

4.) COMPARING THE ACTUAL WITH DESIRED

PERFORMANCE

The actual performance is compared with the desired or the standard performance. The

comparison tells the deviations in the performance of the employees from the standards set.

The result can show the actual performance being more than the desired performance or, the

actual performance being less than the desired performance depicting a negative deviation in

the organizational performance. It includes recalling, evaluation and analysis of data related

to the employees performance.

5.) DISCUSSING RESULTSThe result of the appraisal is communicated and discussed with the employees on one-to-one

basis. The focus of this discussion is on communication and listening. The results, the

problems and the possible solutions are discussed with the aim of problem solving

and reaching consensus. The feedback should be given with a positive attitude as this can

have an effect on the employees future performance. The purpose of the meeting should be

to solve the problems faced and motivate the employees to perform better

6.) DECISION MAKING

The last step of the process is to take decisions which can be taken either to improve the

performance of the employees, take the required corrective actions, or the related HR

decisions like rewards, promotions, demotions, transfers etc. If the employees performance

is below desired level then proper training is provided to them.


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Methods of Performance appraisal

The foregoing list of major program pitfalls represents a formidable challenge, even

considering the available battery of appraisal techniques. But attempting to avoid these

pitfalls by doing away with appraisals themselves is like trying to solve the problems of lifeby committing suicide. The more logical task is to identify those appraisal practices that are

(a) most likely to achieve a particular objective and (b) least vulnerable to the obstacles

already discussed.

Before relating the specific techniques to the goals of performance appraisal stated at the

outset of the article, I shall briefly review each, taking them more or less in an order of

increasing complexity.

The best-known techniques will be treated most briefly.

Broadly, all the methods of performance appraisal can be classified into following two

categories:

Traditional Methods

Modern Methods

Method of performance appraisal

Traditional Methods Modern Methods

Essay Method

Graphic Rating Scale

Field Review Method

Forced Choice Method

Ranking Method

Checklist Method

Management by Objectives

Assessment Centre Method

360 Degree Appraisal


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TRADITIONAL METHODS

Essay appraisalIn its simplest form, this technique asks the rater to write a paragraph or more covering an

individual's strengths, weaknesses, potential, and so on. In most selection situations,

particularly those involving professional, sales, or managerial positions, essay appraisals

from former employers, teachers, or associates carry significant weight.

Graphic rating scale

This technique may not yield the depth of an essay appraisal, but it is more consistent and

reliable. Typically, a graphic scale assesses a person on the quality and quantity of his work

(is he outstanding, above average, average, or unsatisfactory?) and on a variety of other

factors that vary with the job but usually include personal traits like reliability and

cooperation. It may also include specific performance items like oral and written

communication.

Field reviewThe field review is one of several techniques for doing this. A member of the personnel or

central administrative staff meets with small groups of raters from each supervisory unit and

goes over each employee's rating with them to (a) identify areas of inter-rater disagreement,

(b) help the group arrive at a consensus, and (c) determine that each rater conceives the

standards similarly. .

Forced-choice ratingLike the field review, this technique was developed to reduce bias and establish objective

standards of comparison between individuals, but it does not involve the intervention of a

third party.

Ranking methods

For comparative purposes, particularly when it is necessary to compare people who work for

different supervisors, individual statements, ratings, or appraisal forms are not particularly

useful. Instead, it is necessary to recognize that comparisons involve an overall subjective


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judgment to which a host of additional facts and impressions must somehow be added. There

is no single form or way to do this.

The best approach appears to be a ranking technique involving pooled judgment.

The two most effective methods are alternation ranking and paired comparison ranking.

1. Alternation ranking:Ranking of employees from best to worst on a trait or traits is

another method for evaluating employees. Since it is usually easier to distinguish between the

worst and the best employees than to rank them, an alternation ranking method is most

popular. Here subordinates to be rated are listed and the names of those not well enough to

rank are crossed. Then on a form as shown below, the employee who is highest on the

characteristic being measured and the one who is the lowest are indicated. Then chose the

next highest and the next lowest, alternating between highest and lowest until all the

employees to be rated have been ranked.

2. Paired-comparison ranking:

This technique is probably just as accurate as alternation ranking and might be more so. But

with large numbers of employees it becomes extremely time consuming and cumbersome.

Both ranking techniques, particularly when combined with multiple rankings (i.e., when two

or more people are asked to make independent rankings of the same work group and their

lists are averaged), are among the best available for generating valid order-of-merit rankings

for salary administration purposes.

MODERN METHODS

Management by objectives

To avoid, or to deal with, the feeling that they are being judged by unfairly high standards,

employees in some organizations are being asked to set - or help set - their own performance

goals. Within the past five or six years, MBO has become something of a fad and is so

familiar to most managers that I will not dwell on it here.

Assessment centers

So far, we have been talking about assessing past performance. What about the assessment of

future performance or potential? In any placement decision and even more so in promotion

decisions, some prediction of future performance is necessary. How can this kind of

prediction be made most validly and most fairly?


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360 Degree Feedback

Many firms have expanded the idea of upward feedback into what the call 360-degree

feedback. The feedback is generally used for training and development, rather than for pay

increases.

Most 360 Degree Feedback system contains several common features. Appropriate parties

peers, supervisors, subordinates and customers, for instance complete survey,

questionnaires on an individual. 360 degree feedback is also known as the multi-rater

feedback, whereby ratings are not given just by the next manager up in the organizational

hierarchy, but also by peers and subordinates. Appropriates customer ratings are also

included, along with the element of self appraisal. Once gathered in, the assessment from the

various quarters are compared with one another and the results communicated to the manager

concerned.

Another technique that is useful for coaching purposes is, of course, MBO. Like the critical

incident method, it focuses on actual behavior and actual results, which can be discussed

objectively and constructively, with little or no need for a supervisor to "play God."

Advantages

Instead of assuming traits, the MBO method concentrates on actual outcomes. If the

employee meets or exceeds the set objectives, then he or she has demonstrated an acceptable


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level of job performance. Employees are judged according to real outcomes, and not on their

potential for success, or on someone's subjective opinion of their abilities.

The guiding principle of the MBO approach is that direct results can be observed easily. The

MBO method recognizes the fact that it is difficult to neatly dissect all the complex and

varied elements that go to make up employee performance.

MBO advocates claim that the performance of employees cannot be broken up into so many

constituent parts, but to put all the parts together and the performance may be directly

observed and measured.

Disadvantages

This approach can lead to unrealistic expectations about what can and cannot be reasonably

accomplished. Supervisors and subordinates must have very good "reality checking" skills to

use MBO appraisal methods. They will need these skills during the initial stage of objective

setting, and for the purposes of self-auditing and self-monitoring.

Variable objectives may cause employee confusion. It is also possible that fluid objectives

may be distorted to disguise or justify failures in performance.

BENEFITS OF PERFORMANCE APPRAISALS

Measures an employees performance.

Helps in clarifying, defining, redefining priorities and objectives.

Motivates the employee through achievement and feedback.

Facilitates assessment and agreement of training needs.

Helps in identification of personal strengths and weaknesses.

Plays an important role in Personal career and succession planning.

Clarifies team roles and facilitates team building.

Plays major role in organizational training needs assessment and analysis.

Improves understanding and relationship between the employee and the reporting

manager and also helps in resolving confusions and misunderstandings.

Plays an important tool for communicating the organizations philosophies, values,

aims, strategies, priorities, etc among its employees.

Helps in counseling and feedback.


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RATING ERRORS IN PERFORMANCE APPRAISALS

Performance appraisals are subject to a wide variety of inaccuracies and biases referred to as

'rating errors'. These errors can seriously affect assessment results. Some of the most commonrating errors are: -

Leniency or severity:

Leniency or severity on the part of the rater makes the assessment subjective. Subjective

assessment defeats the very purpose of performance appraisal. Ratings are lenient for the

following reasons:

1. The rater may feel that anyone under his or her jurisdiction who is rated unfavorably will

reflect poorly on his or her own worthiness.

2. He/She may feel that a derogatory rating willbe revealed to the rate to detriment the

relations between the rater and the ratee.

3. He/She may rate leniently in order to win promotions for the subordinates and therefore,

indirectly increase his/her hold over him.

Central tendency: -

This occurs when employees are incorrectly rated near the average or middle of the scale.

The attitude of the rater is to play safe. This safe playing attitude stems from certain doubts

and anxieties, which the raters have been assessing the rates.

Halo error:-

A halo error takes place when one aspect of an individual's performance influences the

evaluation of the entire performance of the individual. The halo error occurs when an

employee who works late constantly might be rated high on productivity and quality of

output as well ax on motivation. Similarly, an attractive or popular personality might be given

a high overall rating. Rating employees separately on each of the performance measures and

encouraging raters to guard against the halo effect are the two ways to reduce the halo effect.

Rater effect:

This includes favoritism, stereotyping, and hostility. Extensively high or low score are given

only to certain individuals or groups based on the rater's attitude towards them and not on

actual outcomes or behaviors; sex, age, race and friendship biases are examples of this type

of error.

Primacy and Regency effects: -


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The rater's rating is heavily influenced either by behavior exhibited by the ratee during his

early stage of the review period (primacy) or by the outcomes, or behavior exhibited by the

ratee near the end of the review period (regency). For example, if a salesperson captures an

important contract/sale just before the completion of the appraisal, the timing of the incident

may inflate his or her standing, even though the overall performance of the sales person may

not have been encouraging. One way of guarding against such an error is to ask the rater to

consider the composite performance of the rate and not to be influenced by one incident or an

achievement.

Performance dimension order: -

Two or more dimensions on a performance instrument follow each other and both describe

or rotate to a similar quality. The rater rates the first dimensions accurately and then rates the

second dimension to the first because of the proximity. If the dimensions had been arranged

in a significantly different order, the ratings might have been different.

Spillover effect: -

This refers lo allowing past performance appraisal rating lo unjustifiably influence current

ratings. Past ratings, good or bad, result in similar rating for current period although the

demonstrated behavior docs not deserve the rating, good or bad.


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DATA ANALYSIS

DATA ANALYSIS & INTERPRETATION

Q-1) Do you know the present Performance management system used in

your organization?

100%

0%

yes

no

Interpretation

We can say that 95% employees know the performance management system

used in the organization5% are unaware of that.

Q-2) Are you satisfied with the present PMS used in your organization?

Response yes No Some how Cant say

Respondents 40 0 10 0

Response yes No

Respondents 50 0


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Interpretation

We can say that 80% employees are satisfied with the performance management

system used in the organization and no one is unsatisfied. 10% employees are

some how satisfied and 10% are not able to say anything.

Q-3)The current process is too time consuming.

Response Strongly

agree

agree neutral disagree Strongly

disagree

Respondents 0 28 11 11 0

0%

56%22%

22%

0%

s.agree

agree

neutral

disagree

s.disagree

Interpretation

80%

10% 10%0%

yes

no

somehow

can't say


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We can say that 56% employees are agree, 22% are neutral and 22% are

disagree with the above statement.

Q-4) Do you think the assessment given by your HOD is on unbiased basis.

Response Strongly

agree

agree neutral disagree Strongly

disagree


20%

60%

10%6% 4%

s.agree

agree

neutral

disagree

s.disagree

Interpretation

We can say that 20% employees are strongly agree, 60% are agree, 10% are

neutral, 6% are disagree and 4% are strongly disagree with the statement.

Q-5) Team objectives dont exist.

Response Strongly

agree

Agree neutral disagree Strongly

disagree



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20%

20%

10%

30%

20%

s.agree

agree

neutral

disagree

s.disagree

Interpretation


neutral, 30% are disagree and 20% are strongly disagree with the statement.

Q-6) The focus of performance management is developmental.

Response Strongly

agree


disagree


20%

50%

16%

10% 4%s.agree

agree

neutral

disagree

s.disagree

Interpretation


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neutral, 10%are disagree and 4% are strongly disagree with the statement.

Q-7) Regular feedback of the work is given.

Response Strongly

agree


disagree


30%

54%

6%6% 4%

s.agree

agree

neutral

disagree

s.disagree

Interpretation



Q-8) PMS of your company motivates you for work.

Response Strongly

agree

Agree Neutral Disagree Strongly

disagree



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18%

62%

16%

4% 0%

s.agreeagree

neutral

disagree

s.disagree

Interpretation



Q-9) PMS is effective in your organization.

Response Strongly

agree


disagree


26%

54%

12%4% 4%

s.agreeagree

neutral

disagree

s.disagree


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Interpretation



Q-10) Participation in the performance management process is up to the

required level.

Response Strongly

agree


disagree


16%

50%

20%

10% 4%

s.agree

agree

neutral

disagrees.disagree

Interpretation



Q-11) Personal development plans exist.


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18%

74%

4%

4% 0%

s.agree

agree

neutral

disagree

s.disagree

Interpretation



Q-13) Is unsatisfactory PMS directly relates to the employee turnover.

Response Strongly

agree

Agree Neutral disagree Strongly

disagree


18%

70%

6% 4% 2%

s.agree

agree

neutral

disagree

s.disagree


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Interpretation



Q-14) Self rating is very useful for PMS.

Response Strongly

agree

Agree Neutral disagree Strongly

disagree


16%

64%

12%8% 0%

s.agree

agree

neutral

disagree

s.disagree

Interpretation




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Q-15) what factors from the following are considered in your organization

while appraising the performance.

Response Technicality

& behavior

Team

work

Productivity Waste

management

other


72%

8%

16%

4%

0% tech.&behavior

team work

productivity

waste mgmt

other

Interpretation

We can say that 72% employees says that technicality & behavior are

considered while appraising the performance, 8% think team work, 16% says

productivity, 4% says waste management and 0% says other.


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Q-16) How often the appraisal should be done?

Response Once

during

the

service

period

Continuously Never Cant say

Respondents 9 41 0 0

18%

82%

0%

0%

once

continuously

never

can't say

Interpretation

We can say that 18% employees think that appraisal should be done only once,

82% think that it should be done continuously.


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Q-17) If given a chance or opportunity, would you like that the current

procedure should be reviewed?

Response Yes no Cant sayRespondents 30 20 0

60%

40%

0%

yes

no

can't say

Interpretation

60% employees want that the current procedure should be reviewed and 40%

says that it should not be reviewed.


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Q-18) Based on your qualification, current role, responsibility &

achievement, how do you rank your own performance?

Response Excellent Very good Average GoodRespondents 4 8 18 20

8%

16%

36%

40% excellent

very good

average

good

Interpretation

We can say that 8% employees rank their performance as excellent, 16% as

very good, 36% as average and 40% as good.

Q-19) What according to you is the best strategy for increasing the

employee performance?

Response Increase

benefits

Negative

reinforcement

Freedom

for work

Positive

reinforcement

Any

other



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24%

0%

12%64%

0%

inc.benefits

negative rein.

freedom for work

posiive rein.

other

Interpretation

We can say that 24 % employees think that increase in benefits can increase the

employees performance, 0% says negative reinforcement, 12% says freedom

for work, 64% say positive reinforcement.


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RESULTS & FINDINGS

100% employees know the performance management system used in the

organization.

More than 50% employees agreed that the present system is time

consuming.

60% of the employees agreed that assessment given by their HOD is on

unbiassed basis.

30% of the employees are agreed that team objectives do exist.

50% of the employees agreed that the focus of PMS is developmental.

More than 50% of the employees are agreed that PMS in their

organization is effective.

Half of the employees agreed that participation in the PMS is upto the

required level.

60% of the employees are agreed that personal development plans exist.

70% of the employees are agreed that unsatisfactory PMS directly relates

to the employee turnover.

64% of the employees are agreed that self rating is useful in PMS.


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CONCLUSION

Employee satisfaction is vital factor for the performance of organization

because it provides the basis for the foundation of the organization. On the basis

of study which I gone through, I came to know that employee satisfaction level

is high but there are chances of improvisation.

To increase the level of satisfaction, some more steps can be taken by Liberty

Puram such as self rating by the employees and positive reinforcement systemfor increasing the performance of the employees. The primary objective was to

study satisfaction with regard to performance management system of the

organization and from study, I came to know that majority of the employees are

satisfied with policies of the organization. To increase the percentage of

satisfied employees, organization should work for them.


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SUGGESTIONS

RECOMMENDATIONS & SUGGESTIONS

Appraisal of the performance should be done continuously.

Positive reinforcement should be used for increasing the employee

performance.

Organization need to ensure role clarity among the employees.

Appraiser should have proper knowledge regarding the different rating

scales in the appraisal report.

It is suggested that involvement of appraisal in performance management

activities should be increased.

Employees should be given chance to give suggestions regarding

performance management system.


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BIBLIOGRAPHY

WEBSITES

http://www.libertyshoes.com accessed on 15th July 2010

http://www.performancemanagementguide.com accessed on 17th July 2010

http://www.humanresources.about.com accessed on 16th July 2010

http://www.allbusiness.com accessed on 20th July 2010
http://www.libertyshoes.com/http://www.performancemanagementguide.com/http://www.humanresources.about.com/http://www.allbusiness.com/http://www.libertyshoes.com/http://www.performancemanagementguide.com/http://www.humanresources.about.com/http://www.allbusiness.com/


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LIMITATIONS

Some of the limitations of the project are listed as below:

1. The time bound period is the major limitation in research projects.

2. Due to the financial and time constraints a cluster analysis of the population so as to

get better results was not feasible.

3. The research conduct in Karnal city only.

4. It was difficult to break the ice with the common people initially. It was a daunting

task to convince them to fill in the personal details of the questionnaire where they

have to mention the monthly income, occupation etc.

5. To convince the people for a proper interviewing process is also difficult.

6. Compilation of data on competitor analysis was difficult due to non-availability of

correct information.

7. The figures have been taken as approximations.

Documents

Shalini Liberty Project