A study on performance apprisal methods with special preference to MNC and IT organisation

Performance Appraisal has been considered as the most significant an indispensable tool for an organization, for an organization, for the information it provides is highly useful in making decisions regarding various personnel aspects such as promotion and merit increases. Performance measures also link information gathering and decision making processes which provide a basis for judging the effectiveness of personnel sub-divisions such as recruiting, selection, training and compensation. This research paper will concentrate on analyzing challenges of performance appraisal, innovative methods used by IT organizations confined to TCS and WIPRO. The data used for the study is secondary data collected through the help of internet browsing, book, journal, etc. The findings of the research show that there is a noticeable effect of the performance appraisal on the organization as well as on the Individual.