Abstract: This study postulates that forced ranking system for being performance management intervention will be effective to the point that managers and subordinates have shared perception about the corporate goals and the degree to which it meet the needs of both groups. This research project was conducted : a) to critically analyze the forced ranking system being part of PPL corporate system ; b) to determine the extent to which forced ranking system has contributed towards employee turnover rate; and c) to assess employee acceptance towards the system of performance management, whether supervisor and subordinates share the same perception towards forced ranking system.
Introduction: These days the main problem associated with Human Resources Department in E&P Companies is the satisfaction and retention of high skilled manpower. The monetary benefits that are being offered by off shore Companies far supersedes the perks offered by local E&P Company. Over the last few year local E&P companies constantly losing high skilled employees having core competencies to foreign as well as global E&P companies operating in Pakistan.
Click here to read more on Forced Ranking System (FRS)