Abstract: Although many organizations have a performance appraisal system in past, it has been estimated that, less than 20% of all performance appraisals are effective. It is well recognized that no matter what other resources the organization has, the work of the organization is planned and done by people. Therefore, an organization that does performance management well gains a competitive advantage. In this research shown that performance appraisal have three basic functions: reward, develop, and promote. There are four requirements for an effective performance appraisal system: relevance, sensitivity, reliability, and acceptability. This paper focuses on the awareness, especially amongst those working in the corporate sector, regarding the requirements for an effective performance appraisal system, its functions and benefits and the new trends in the performance appraisal system.
Keywords: Performance appraisal, confidential report, Rater, Ratee etc.
Title: A Novel Study: Awareness about Performance Appraisal System
Author: Pragna.R. patel, Dr. Priti Garg
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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