The details of the PERFORMANCE MANAGEMENT SYSTEM AT BPCL has been explained below:

PERFORMANCE MANAGEMENT SYSTEM AT BPCL:

Company Profile Bharat Petroleum

Incorporated Petroleum Refining and Marketing

Organization

Fortune 500 Forbes 2000 organization

Deals Volume 27 Million MT

Income US 31 Billion for every annum

Two Refineries at Mumbai Kochi and One auxiliary Refinery at Numaligarh

Vast dispersion system crosswise over India 425 areas

System of 8400 Retail Outlets and 2,200 LPG

Merchants

14200 representatives

3 PMS Journey

April 1999 Strategic movement in way to deal with PMS by

Method for presenting Balanced Score Card idea

April 2003 Linkages with prize instrument through presentation of Performance Related

Motivating force Scheme alongside relative positioning
(chime bend) presentation April 2009 Leveraging of innovation (SAP
Stage) for Talent Management starting with PMS

October 2009 - Launch of Strategic Performance

Brilliance workshops Rigorous, included procedure of making arrangement between business technique also, singular objectives.

Purpose of PMS

To encourage accomplishment of the Vision and

Strategies for success of the Corporation and foster

advancement of each administration staff, in this manner

increasing upper hand in the business sector

Objectives of PMS

Make attention to Corporate and SBU/Entity

Objectives

Make an interpretation of such objectives into unmistakable destinations and

Measures at the individual level through

Dialogs amongst Appraiser and Appraisee

Recognize administrative traits/capabilities

Important to accomplish the objectives

Build up a formal procedure of persistent input on execution

Recognize formative arrangements to improve execution

Give a contribution to choosing profession movements furthermore, remunerates