Performance management is one of the complex and challenging technique in human resource management. Performance appraisal allows organizations to apprise their employees about their rates of growth, their competencies, and their potentials. If used well, performance appraisal is an influential tool that organizations have to organize and coordinate the power of every employee of the organization towards the achievement of its strategic goals (Grote, 2002; Lewis, 1996)
This articlesummarizes the conceptual foundationon the evolution of traditional and modern performance measurement techniques, its features, advantages and disadvantages. The article concludes with the performance management practicesand framework of Dr. Reddy's Laboratories, Hyderabad.
Employee, Performance, Performance Management system, Performance Appraisal, Performance planning, Feedback
