For the proper development of an organization Human Resource is must. Anorganization¶s performance and resulting productivity are directly proportional toquality and quantity of its Human Resources.This project deals with the
³PERFORMANCE APPRAISAL PRACTICES´
which arefollowed in
RANABXY LABORATORIES LIMITED
, Paonta Sahib (H.P.).In the age of rapid development, globalization and liberalization private sector companies need skilled manpower. Human is the basic requirement for theorganization¶s development so as to cope with this competitive world. Thus to keepup the esteem of employees Performance Appraisal is needed. This also helps toenhance the capabilities of employees.So the choice of the Performance Appraisal Practices as my project was obvious for the partial completion of my specialization in
MBA (HR)´.During the course of my project I have gathered certain information, which has led tosome constructive facts in the areas of the company.