Performance gap analysis
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This document discusses a study on performance gap analysis of employees at Lucas TVS Limited in Tiruvandarkoil. It defines gap analysis and the different types of gaps, including performance and manpower gaps. It provides details on Lucas TVS, including its founding, products, and experience. The study aims to identify performance gaps in employees, compare actual vs expected performance, and determine training needs. Various statistical tools will be used to analyze current performance and identify ways to improve future performance by addressing gaps.
Performance gap analysis
- 1. A STUDY ON GAPANALYSIS OF EMPLOYEE(PERFORMANCE) WITH SPECIAL REFERENCE TO LUCAS TVS LIMITED, TIRUVANDARKOIL.
- 2. GAP ANALYSIS Gap Analysis is the comparison of actual performance with potential or desired performance; that is the current state and the desired future state. An important aspect of Gap Analysis is identifying what needs to be done in a Project. The difference between the current operation of an activity and the activity vision, sometimes referred to as "C delta V" (current gap vision) TYPES OF GAPS: i. Performance gap ii. Manpower gap iii. Product gap iv. Profit gap
- 3. PERFORMANCE GAP Performance gap analysis determines what aspects are lacking in the performance of an employee in a particular position or of a company in comparison with its competitors. Also Performance gap analysis determines what additional skills and training may be needed to bring individual employees or an entire company up to an acceptable standard when specific aspects of jobs change.
- 4. COMPANY PROFILE Company name - Lucas TVS limited Established in the year- 1962 Founder - T.V. Sundaram Iyengar & son’s Experience - 50 years in designing, manufacturing and supply of products to india and abroad. Lucas TVS products are also integrated into some of the top global brands like Audi, Mercedes-Benz, BMW, Rolls Royce, etc. Age of company – 59 years
- 5. NEED OF THE STUDY The need for the study are: The study helps in determining what knowledge and skills are lacking in the performance of an employee. The study provides information that helps to make better decision, which further helps in improving potential. The study helps to increase the employee’s performance which leads the company economically and also competitively.
- 6. OBJECTIVE OF THE STUDY The objectives of the study are given below: To identify the performance gap of an employee. To compare the state of actual performance against expected performance. To identify the training needs of each employee by knowing their skills, knowledge and interest .
- 7. SCOPE OF THE STUDY This study entitled a study on gap analysis of employee(performance) with special reference to Lucas TVS Limited, Tiruvandarkoil aims to analyze the current state by knowing the gaps and the desired future state by filling gaps using bridges in the performance of an employee. In this study various tools will be used such as correlation, regression , chi square test.