A Study on Performance Appraisal System  in Eid Parry (India) Ltd, Pugalur, Tamil  Nadu, India

Yoganandan. G; Saravanan. R; Priya. N; Ruby. N

Volume : II, Issue : VIII, August - 2013

A Study on Performance Appraisal System in Eid Parry (India) Ltd, Pugalur, Tamil Nadu, India

Yoganandan. G, Saravanan. R, Priya. N, Ruby. N

Abstract :

Performance Appraisal is a critical activity for the organizations that are looking for the growth and profit maximization in this ever-increasing competitive environment. The essential components of an effective performance appraisal system consist of understanding its foundations and the essential steps that lay the foundation. Finally lot of ainstorming is required to be done to devise a sound appraisal system by evaluating available techniques and implementation processes. One must remember that Performance Appraisal (PA) is an inexact, human process and it is quite a challenge to actually implement it successfully. Performance appraisal system has gone through a change over a period of time. In the beginning the process was non-transparent and the employee was kept in dark about his performance. Systematic exercise was done in the entire process. The current processes of performance appraisal involve self-appraisal by the employee too. Thus the system has gone through the phase of non-transparency to transparency. In the transparent system of appraisals appraise is taken into confidence and the whole process is interactive. Review process with employees is designed in such a way that employees become aware of what is expected from them, receive timely feedback and recognition for their achievements.