Performance appraisal system a factorial study of cement industry in Rajasthan

Abstract

This research study is done to identify the important key factor of performance newlinemanagement system of selected cement companies in Rajasthan. Performance newlinemanagement is important aspect of human resource management for any organization. In newlinecement companies, it is very important than any other manufacturing company because newlinegenerally cement companies are located in remote areas wherein employee welfare newlinefacilities, work life balance, job satisfaction etc are major concern . newlinePerformance management system involves various aspects like performance planning. newlineanalysis of performance, performance review and development which are required to be newlinereplaced from performance appraisal system. newlineTo find out the important factors of performance management system tor cement newlinecompanies, factorial study is done wherein factor analysis is used. The result of factor newlineanalysis gives nine important factors i.e goal setting, career planning and appraisal newlinesystem, compensation. role of supervisor, performance review, learning and feedback. newlinereward and recognition, personal benefits and work freedom and they are highly newlineimportant for the cement companies. newlineIf cement companies are having own performance management system then, these factors can be implemented to make effective the existing system. If they have performance newlineappraisal system then it can be transformed to the performance management system with newlinethese important factors. If there is no system then performance management system can newlinebe introduced and implemented with these important factors. newlineFurther to see the significant difference of key performance management system factors newlinewith demographic data, ANOVA is used for analysis. The result shows that only personal newlinebenefit, career planning, role of supervisor, compensation and feedback factors have significant difference with demographic variables but rest factors goal setting, performance review, reward and recognition and work freedom do not have significant difference with demographic variable.