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Home > Archives > Volume 20, No 8 (2022) > Article

DOI: 10.14704/nq.2022.20.8.NQ44513

A DESCRIPTIVE STUDY OF PERFORMANCE APPRAISAL SYSTEM AND PROMOTION POLICY FOLLOWED IN INDUSTRIES OF PRIVATE SECTOR

Dr Somanchi Hari Krishna, Dr. T. M. Hemalatha, Dr. Charulata Kulkarni, Dr Mohammed Abdul Raffey, Auadhati Datta, Dr.Satish M Dhoke

Abstract

The core of human resource development (HRD) in all large-scale industries is the performance appraisal system. The performance appraisal system (PAS), which is used by the management of target size industries for the assessment of the workforce, is fully dependent on promotions, awards, financial and nonfinancial advantages, and career planning. From this vantage point, performance evaluation is crucial to the large-scale private sector industries. In the current study, the researcher made an effort to observe the actual performance appraisal systems and promotion policies followed by significant private sector industries, as well as their effects on industry development and the participation of personnel managers and officers, office and supervisory staff, and workers in the assessment. The objectives of the study are to study the techniques of the performance appraisal, to understand the present performance appraisal system and to study the relationship between performance appraisal and promotion policy. The study has been carried out in Chennai city to understand the performance appraisal system followed and the promotional policies applied in the private organizations. 500 sample respondents are selected from the private organizations which have more than 100 employees in office, supervisory and workers cater using simple random technique. The opinion of the respondents about the appraisal system and promotional strategies based on the performance appraisal are observed using the questionnaire. The study concluded that the private organizations adopting the modern method of the performance appraisal highly considered it for the promotion

Keywords

Performance Appraisal system and promotion policy, Industries and private sector

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