NTPC

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NTPC LIMITED PERFORMANCE MANAGEMENT SYSTEM Objectives of NTPC’s PMS P A C E – Performance And Competence for Excellence ã To accomplish overall organisational vision and mission by linking individual performance to company objectives ã To facilitate fulfilment of individual aspirations ã To build a culture of performance ã To encourage two-way communication between appraiser and appraisee ã To evaluate the potential of the appraisee to assume higher responsibilities in the organisational hiera
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   NTPC LIMITED PERFORMANCEMANAGEMENT SYSTEM  Objectives of NTPC’s   PMS - P A C E –Performance AndCompetence for  Excellence ã To accomplish overall organisational vision and missionby linking individual performance to company objectives ã To facilitate fulfilment of individual aspirations ã To build a culture of performance ã To encourage two-way communication between appraiser and appraisee ã To evaluate the potential of the appraisee to assumehigher responsibilities in the organisational hierarchy  ã To translate future skill requirements of the organisationinto individual development plans ã To identify high performers and recognise them throughrewards and incentives  Development of Strategic GoalsAt the Top Leadership LevelCascading Down of Goals at the ExecutiveDirector and General Manager/BUHs LevelCascading Down of Goals at the Head of Department Level and other levels belowStrategy Plans &Memorandum of Understanding Linking StrategyWith PerformanceManagement  PACE is a five step process ãJoint review of  performanceãDocumentchanges inKPAs if anyãDocument mid-year reviewdiscussionsãAssessment of KPAs,Competencies,Values andPotential byappraiser ãTraining andDevelopmentPlansãReview byreviewing officer   Mid-year  Review Feedback  Performance Planning  Annual  Assessment  Normalisation Process PMSProcessStep 1 ãIdentify KPAs,constituents,weightages,measures andtargetsãIdentify functionaland managerialcompetencies for the appraiseeãCommunication of scoreãDevelopmentalfeedback  Step 5Step 4Step 3Step 2
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