Performance Management Practices : Samsung
Introduction:
Samsung is one of the leading brands of electronics in the world. It has become even more popular with the launch of its android smart phones which are similar to the Apple iPhones.
Samsung has several branches in India which are running successfully. Samsung also sells basic mobile phones that are very cheap, thus popular with the lower income groups.
We interviewed Mr. Rajesh Dhadich, the Area Business Manager of Samsung, Pune. He was very helpful and provided us with the necessary information about the performance appraisal system that is used in their organization.
Samsung uses the traditional method of performance appraisal, i.e target vs. achievement method. 

                                                       Image result for samsung logo

The employees’ performance is evaluated based on their achievement in the specified period, whether they are able to meet their target or not.
People. Excellence. Change. Integrity. Co-prosperity. Social responsibility. These are some of the principles that create the management philosophy at Samsung.
The digital age has brought many changes for Samsung Electronics, beyond its futuristic products. Performance, in all its shapes, has become both means and purpose.
Every year, in its Sustainability Report, Samsung presents its management practices and results, offering
HR and Talent Management at Samsung
Under our philosophy of ‘People First’, Samsung continued to hire great people around the globe who are the best and brightest in their field. Samsung took a variety of measures to make itself a world-class workplace” – Oh-Hyun Kwon, Vice-Chairman and CEO of Samsung Electronics Co.
Indeed, one of the most important segments of the performance management at Samsung is represented by HR. The total number of employees is currently around 235.868, and 26% are working in the most important department, R&D and. In order to increase performance within this department, Samsung expands recruitment of highly qualified personnel each year. In this situation, the number of employees with a Doctorate Degree becomes defining.
Incentives:
·         Compensation and benefits
·         Training and development programs
·         Events and employee communication
“Samsung Electronics continues its efforts to encourage its employees toward creativity and better work performance by investing in infrastructure, embracing diversity, and raising awareness in working together

Samsung and the Green Management
As an incentive for the eco-management, through the “Samsung Electronics Annual Awards” the company recognizes the contributions made by the company’s organizations and individuals in the area of green management with prizes and additional points on their performance appraisals.
The performance management at Samsung is a combination of talent management, green management, integrity management, time management, financial performance and creative business strategies, in order to secure the company’s position among the global electronic leaders.


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