THE IMPORTANCE OF PERFORMANCE APPRAISAL IN ORGANIZATIONS
Performance Appraisal is an integral part of every organization. Employees in the current ear are treated as one of the important asset and investment of the organization. Investment has to bear returns as so is Humans. Hence to check the efficiency and effectiveness of employees of the organization Performance Appraisal is conducted. Performance Appraisal helps the organization to reward the best performing employees and to arrange for the poor performing employees. Also the achievement of the organizational goal can be measured through performance appraisal. It also increases teamwork, motivation and also employees will start taking responsibilities. The various methods used to measure the performance of the employees are Rating scale method, Checklist Method, Paired comparison Method, 360 Degree method, Assessment Centers etc.