Performance Management System of Private Companies
Abstract: In the present research work, study has been done on performance management system applied in Endurance private limited, Maharashtra in India. In this 60% of the respondents are agree that environment & relationship during review meetings are open & cordial. Besides these 20% are strongly agree with these. 60% of the respondents strongly agree that analysis & review of Performance are significant. Most of the employees are of the opinion that performance management system is stongly needed and it carries a very high impact on performance of the employees. This system should also be continuously reviewed and if there is a need, it should be changed as per the need.
Introduction: ENDURANCE was established in 1985 as Anurang Engineering Co. Pvt. Ltd. to manufacture aluminum die casting products at Aurangabad, Maharashtra (India). The Endurance Group is a global force in Casting, Suspension, Transmission and Braking products with an annual sales of €230 Million from domestic operations and approx. €140 Million from overseas operations for the year 2006-2007. More than 3,700 employees work in 19 plants at 5 locations in India and about 625 employees in 5 overseas plants. ENDURANCE comprises of two main business divisions i.e. the Die Casting Division and the Proprietary Component Division. Under the Die Casting Division the main areas of operations are Casting, Painting & Machining which are supported by well-equipped Tool Room facilities. Under the Proprietary Component Division the main areas are Suspension, Transmission and Braking.
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