Performance Appraisal

In this organization, performance management is a serious matter. Employee is given a set of work objectives at the beginning of the financial year, agreed between him and his superior. Each objective is measured by a performance indicator with set target. Targets are further broken down to base and stretch. If you achieve the base target, you meet the work requirement. If you achieve the stretch target, you exceed the work requirement. Targets change every year to become more and more challenging year after year so that you will improve your performance. The pursuit to achieve stretch target is very rigorous as it ties with better monetary reward, even much better compared to meeting the requirement only. Performance management exercise begins with setting the KPIs at all level.