HR experts have proclaimed that the companies are trying to revamp their appraisal systems. The employees can now expect a hike of a 10-12 per cent and top performers can eye at 25 per cent.
Most of the companies and firms follow a bell curve system, where the performances of employees are compared. They are ranked as top, average and bottom performers, where most of them are considered as average performers.
“Eliminating bell curve/forced distribution or going ‘rating less’ is undoubtedly catching a lot of attention with many organisations willing to test it as a pilot if not fully implement it,” Director, Rewards, Talent and Communication,Willis Towers Watson India Shatrunjay Krishna was quoted by PTI as saying.
Companies like Accenture, Infosys, HCL, Axis Bank and KPMG have shown their interest in changing the bell-curve appraisal system. Many other companies are following the suit.
“Almost every major company wants to revamp their current approach. They want to make it intuitive, focused on feedback, and more developmental, the trick to get it right is to improve upon the curve that uniquely reflects the real driver of people performance in your organisation”. Head-Advisory and Knowledge, SHRM India, Nishith Upadhyaya was quoted by PTI as saying.
“The intent of any performance appraisal system is to identify and differentiate top performers and to nurture people to move to the next level. Bell curve is a tool used to achieve this intent and the tools may evolve basis the market dynamics but the intent will still be the same,” Chief Sales Officer Naukri.com, V Suresh was quoted by PTI as saying.