Purpose
Purpose of this Manual is to provide guidance to employees of the TVS Motor’s Performance Management system (PMS).
Objective
Performance management in TVS Motor Company, supports organisational planning, drives performance, encourages employee development and rewards high drive high performance in the organization through
- Building a fair and objective performance management system
- Crating accountability by alignment of individual targets to business goals
- Periodic review of individual and organization performance
- Culture of on-going feedback and coaching by managers
- Evaluate, recognize and reward high performance.
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Performance Management Cycle and components of PMS at TVS Motor
Performance management cycle consists of on-going feedback and discussion throughout the course of the year, with a formal review at the close of each cycle. Performance management cycle is from 1st April to 31st March at TVS Motor.
Following are the phases of Performance Management System:
