COMPARATIVE ANALYSIS OF PERFORMANCE MANAGEMENT SYSTEMS IN FIVE PHARMACEUTICAL COMPANIES OF AHMEDABAD, GUJARAT

Abstract

This research paper presents a comparative analysis of the performance management systems (PMS) implemented in five prominent pharmaceutical companies based in Ahmedabad, Gujarat: Zydus Lifesciences, Intas Pharmaceuticals, Torrent Pharmaceuticals, Lincoln Pharmaceuticals, and Troikaa Pharmaceuticals. The study examines the structures, strategies, tools, and effectiveness of PMS in each organization, emphasizing how performance appraisals align with compensation, career development, innovation, and regulatory compliance. Both primary (hypothetical survey and interviews) and secondary data (annual reports, HRM research, employee review platforms) were analyzed. The findings highlight that while all five companies adopt structured and strategically aligned PMS, differences exist in appraisal frequency, performance indicators, use of technology, and employee satisfaction. Recommendations are proposed for enhancing PMS effectiveness in the pharmaceutical sector.