Page 22 - SHTPL HAND BOOK

Employee Handbook

Employees serving notice period are excluded from the process, but New Hires are also part of the appraisal
though they may not be eligible for salary resets. For employees who have completed more than three months
but less than 6 months, the salary reset is done on prorated basis.

Designations are aligned with employees’ qualification, experience levels and continuous assessment of his
performance across his tenure within SHTPL. Promotions are given taking into account the outstanding
performances, and on meeting deliverables on time every time in line with quality norms and also on
qualification enhancements. Employees are encouraged to sustain high performance levels year after year failing
which they may not get promoted to the next level.

Employee Performance Monitoring:

Performance monitoring is an ongoing continuous activity at SHTPL.
It usually begins with Goal setting and goes through graded steps culminating in Annual reviews
Typically, the process begins with departmental managers setting clearly written down objective SMART goals
for their departments, based upon organization-wide goals. The yearly objectives are broken down into monthly
and quarterly KRAs ie the approved Annual Operating plan is drilled into quarterly and monthly operating plans
for each department.
These agreed KRAs and KPIs are reviewed at the end of each month to determine the variance: positive or
negative.
Monthly review: Employees, who have achieved negative variance, would be subject to corrective action such
as training to improve in the ensuing months.

Policy Exclusions
1. Injury or disease directly or indirectly caused by or arising from or attributable to War, Invasion, Act of
Foreign Enemy, Warlike operation (whether war be declared or not)
2. Cost of spectacles, contact lenses, hearing aids
3. Dental treatment or surgery of any kind unless requiring hospitalization
4. Circumcision unless necessary for treatment of the disease, cosmetic or aesthetic treatment of any
description, plastic surgery other than as may be necessitated due to an accident or as a part of any illness

Strictly for Internal Circulation only Version 7.2 – Released on 06/2023 [PG: 21]