Exploration on the Application of Multifactrorial Evaluation Model in Performance Appraisal System

In the contemporary competitive milieu, performance management of human capital determines the success or otherwise of any organization. The key ingredient in the pivotal performance management is performance appraisal system (PAS). But all the existing conventional PAS are fraught with perils like linguistic vagaries, psychological skewness technical pitfalls, et al, thus making them not only devoid of its intended aristocratic course but also leading to aberrations in human relations, the core propellant of any organization. This paper seeks to explore to ring in a non conventional PAS using distinctive, supplemental recuperative criteria apart from employing MEM to effectively cope up with appraisal grades articulated in obscure linguistic expression. It vouches the supremacy of this model over the conventional PAS using a sample size of 100 employees of a chemical company.