Performance Appraisal is an objective system to manage employee performances and the organization to check the progress towards the desired goals/ objectives.
Our Nan Yang Textile Group has always placed an importance on our associates’ performance and development. In order to manage our human resource strategy effectively, the company has come up with an intranet base ”Performance Appraisal System” (PAS) to facilitate our leaders to assess their teams’ performance.
Below is the “Performance Appraisal System” (PAS) general guideline:
1. PAS has two cycles year-round:
1st Cycle : January to May of the year
2nd Cycle : June to November of the year
2. PAS consists of 3 major parts:
1st Part: Individual Objectives which must be aligned with the organization’s objectives, using KPI as the measurement tool.
2nd Part: Appraisal Grids (AG), which consist of matrix of Competence & Attitude, and Development Plan. These Competence & Attitude are groups of values and behaviors that the company expects from our associates. There are 2 parties involved in the appraisal, namely, the Direct Supervisor and an Advisory. The Development Plan is a 2 way communication and commitment between reviewer and reviewee to improve the reviewee’s skills and behaviors to fulfill his/ her roles & responsibilities.
3rd Part: Attendance is to reflect the associate’s disciplinary.
1st Cycle : November to Aprill of the next year
2nd Cycle : May to October of the year
3. The weighting of the 3 major parts of PAS has been divided based on the position levels in the company: