Companies invest a significant amount of time each year on the annual appraisal & increment process. This entire process involves all the employees of a company, which often can be frustrating across various levels. According to estimates from CEB, a company with 10,000 employees can spend around $35 million annually on performance reviews. Similarly, a study by SHRM found that managers dedicate an average of 210 hours per year to performance management tasks. The biggest lacuna in the process is, that despite companies devoting significant time to their managers and employees, the end result is very disengaging for the employees. Research consistently shows a decline in employee satisfaction and confidence in the process year after year.
The complications and challenges of annual appraisals affect organisations of all sizes. Recognising this, Prajjo has developed specialised HR software designed to address these issues. This has led organisations like C&S Electric Ltd. to opt for solutions that go beyond mere automation.
C&S Electric has adopted the new-age performance management system, SGR which is based on the copyright concept, along with the Increment Management System, not only to reduce the time & effort significantly but to empower its large workforce.
About C&S Electric, it is a part of Siemens Group, a German MNC and a leading manufacturer of electrical and electronic equipment in India. It is also India’s largest exporter of industrial switchgear and power busbar products.
Prajjo Management is thankful to the Management of C&S Electric for choosing Prajjo to digitalise its Performance & Increment Management Systems.
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