Analysis of Performance Appraisal and Employee Productivity in Fauji Fertilizer Company Limited

Abstract

“Analysis of Performance Appraisal and Employee Productivity in Fauji Fertilizer Company Limited”

By: (ALI SERFRAZ) (01-120121-006) (AHMED KAMAL) (01-220121-002) (BUSHRA KHAN) (01-220121-005)

MBA

Supervisor: (NASIR MEHMOOD)

Department of Management Science Bahria University Islamabad 2015

Acknowledgement All praises are for Allah Almighty who is Most Beneficent and Most Merciful. We are thankful to a number of people who have thoroughly assisted and supported us in going beyond the theoretical concepts provided in the books, and to carry out a practical project keeping in view the rational situation that persists in the market. We appreciate the constant efforts made by our Supervisor, Sir Nasir Mehmood for his guidance, support, and motivation in enabling us to successfully complete our project. We are extremely thankful to Mr. Muhammad Hassan Quraishi (Human Resources Manager) at Fauji Fertilizer Company Ltd. (FFC) for giving us the opportunity to get involved in this project, which has been completed after extensive hard work and effort. We are also thankful to the administration of Bahria University (Islamabad Campus) and our beloved parents for their profound support.

Abstract In emerging economies business sector is considered as a back bone, and it contributes maximum in economy of the country. Businesses can be run on basis of their employee’s efficiency, through which businesses get their optimum productivity. Appraisals have been cited to range from official, prescribed meetings between an evaluator and employee to causal, change occasions where evaluator observe work activities and indicated his or her assessment with and informal comment. Performance appraisal can be used to positively affect employee motivation, productivity, efficiency development, improvement in performance etc. Core focus of performance appraisal process is to ensure the alignment of personal goals of individual employees with the departmental goals and on the whole with the goals and objectives of the organization. It is a process to keep the check on the efforts and motivation level of the employees to achieve those common goals and taking corrective actions where necessary. The performance appraisal system is interconnected with performance management and rewards system that aligns the members to work behavior, employee’s involvement and workplace technology. Performance appraisal system of Fauji Fertilizer Company is always concerns about the systematic process of jointly assessing the work related achievements, showing the actual strength and reduces weakness of individuals working in the organizations.