April is generally the Start of Business Year ( Financial Year Start) for Indian Firms. Our Financial year starts on April 1st and ends at 31st March. This month is very significant for all the HR folks because the following activities are expected to be done/co-ordinated for a better future.
- Organisatioinal Objective Setting : HR to involve in building the organisational objectives for the year based on the mission and vision of the organisation. HR interacts and builds the clarity along with the CEO and the Heads of various Units/Function/Verticals...
- Review of Performance: Its time for review of performance of the previous year interms of organisation as well as the Individual employees. This task needs the review of current performance system, expectations from the last year, setting the course of action for review from april last year to current year march... The greater challenge is if you have KRA's set for employees you need to make sure they are reviewed effectively. If the KRA's (or expectations of performance) are not set you have a greater challange to collate, create a meaningful performance review... have fun...
- Challenges of Transition from last year to this year : After the review of individuals and organisation.. the greater challenge is to understand the future objectives and integrate into each employee/associate. Also the challenge of reviewing in rationalising the compensation, designations, roles etc.,
- The Future : Actually this is What you can't predict.. But, can you stop! No!!!! So lets plan to have the details of organisational performance, future objectives, Understanding of each of the individual strengths, performance review data, Plan of action for the function for next year....
Post your questions or inputs... Thanks....
GR Reddy - Husys - HR Function Management Company
www.husys.net
What are type tools you are currently using to get the data that your refering to for the performance review and objective setting?
ReplyDeleteWe have developed some of the tools for measuring the performance (customised) for each of our customers... We use this more paper based and online(web or google documents )...
ReplyDelete