Rethinking Annual Performance Evaluation: Indian Steel Sector Scenario

Abstract

Increasing dissatisfaction with their annual performance evaluations (APEs) among employees had led top managers to rethink about their APEs and have started to adopt a sophisticated approach of continuous feedback and development or continuous performance management (CPM). This paper investigates do managers of Indian Steel Units also hold a similar view? For this, 612 managers were contacted randomly to elicit their views about APEs. The findings provide an answer to this as affirmative. Encouragingly, the leadership in the steel sector is heading in the right direction and it’s the time to change for these steel units to take a right step forward for higher organisational performance and overall employee satisfaction.