Page 127 - DMGT517_PERFORMANCE_MANAGEMENT_SYSTEM

Performance Management System

Notes
Evidence Recording

Performance
Contracting
(April-May)

KRA Mid Year
finalization Review &
(March- Feedback
April) (October)

Annual
Feedback performance
(June-July) evaluation
(April-may)
Year end
Talent
Review
(May)

Figure 1: Edge Cycle
Success will depend on how we communicate the expectations, understand the needs of
employees using the performance management system and address them subsequently.
This alone will bring about the distinctiveness needed to achieve high performance
standards throughout the organization. Once in place, it will serve as a unifying force in
unleashing people’s potential and providing Tata Steel the competitive EDGE.
Elements of Edge

Feedback
- Dialogue-

Evaluation & Review based
mechanisms - Development
- Development focused
Target setting
- Well-defined focused
KRA measures
calendar Performance
- Linked to
review
business - Top-down
aspiration setting - Talent review
drivers
plus bottom-up
- Aligned across
levels and budgeting
functions - Multiple target
levels linked to
- Actionable
consequences

Figure 2: Elements of EDGE

KRA measures are the key focus areas to which an officer is accountable to and has to
deliver during the year apart from his/her normal deliverables. KRA measures are

identified by cascading the Annual Business Plan and the Balanced Score Card of the
respective Department/Division.
Contd....

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