HUMAN RESOURCES MANAGMENT 2 Assignment Example | Topics and Well Written Essays - 2000 words

HUMAN RESOURCES MANAGMENT 2 - Assignment Example It is recommendable for the company to make use of a flexible benefit option that will allow employees to get compensation in accordance with their desires and needs. Performance appraisal is defined as the structural formal interaction between supervisors and subordinates which usually take the form of a periodic interview through which the subordinates work performance is examined in order to identify the strengths and weaknesses, as well as opportunities for improvement and skill development. Performance appraisal system (PAS) is aimed at improving the performance of the overall organization by encouraging a high involvement level and motivation on the employees, as well as increases participation (Toppo & Prusty 2012). The system also establishes a process to use in the achievement of accountability and responsibility in the process of executing programmes in the organization. The human resource management of the Coca-Cola India Ltd believes that on the importance of employees as they are the main drivers of the company. The HR considers the employee as being its greatest assets and it requires their ultimate dedication to employments to make the best out of the company. The main objectives of using the appraisal system to the company are to: Recognize the top performers of the company- The company aims at recognizing and providing positive feedback on all top performers in order to ensure that they are motivated and challenged to enhance the growth of the company Improve planning- The Company aims at reviewing the status of all bottom performers in order to take all appropriate actions. The appraisal system helps the company to prepare performance improvement plan for all the bottom performers. Performance delivery and review of results- The Company aims at assessing the progress of the business results, assessing the progress on the competencies and development of the workers and to make clarifications on the