The Nantong Xingchen Synthetic Material Co has adopted a performance appraisal system to improve the evaluation of managers, which has evaluated the work of 80 managers using questionnaires, with 1,507 out of a total 1,538 received. The appraisal average was 7.19, indicating that their job was generally acknowledged.
The evaluated managers will get feedback on their performance, shortcomings and will get suggestions on how to improve themselves. The top 20 managers in the rating will get rewards, while the bottom five will have to draw up a plan on how to improve their performance under corporate supervision. The results will be a useful reference point for future development.
The company plans to further improve the evaluation system and build a more professional management team.