ACKNOWLEDGMENT

It is a great felling that I am presenting my venture in practical computing in the form project work. I started my project with an objective to re-energize, rather modify and suggest Performance Appraisal System and the challenges of which continue to mount with every passing moment. Its being an amazingly creative and exhilarating journey. Day after day in the pursuit of the futuristic people management practices, I have been learning and improving my skills. I wish to take this opportunity to express my heartily thanks to all those who really helped me in completing my project work but also a sense of enlightenment and grandeur by the learning process and knowledge that I come across during the whole span of this project. I express my gratitude to Dr. A.K. Dhagat, Director, MBA Dept, Gyan Ganga institute of technology and science, Jabalpur(M.P.). I would also like to thank to all faculty members and non-teaching staff for their useful guidance and suggestions. I would like to express my deep sense of gratitude and special thanks to Mr. Vinod Mishra (Manager) and all the staff of Baidyanath Co.(p) Ltd for inspiring and providing me the opportunity to know performance appraisal system. A special thanks to all my colleagues, friends and family who have supported me in fulfillment of this project. I am sure that this project has given me an edge, a firm grounding and has prepared me to take new challenging jobs in future.

UDIT KAPOOR
IIIrd SEM (M.B.A.)

DECLARATION
I hereby declare that this project report titled "PERFORMANCE APPRAISAL SYSTEM", submitted by me in partial fulfillment for the award of Master of Business Administration by R.D.V.V., Jabalpur is result of authentic work undertaken by me.

UDIT KAPOOR
IIIrd SEM (M.B.A.)

INDEX
S. No. 1 Table of Content Page No.

EXECUTIVE SUMMARY
Introduction Company - Profile History of Performance Appraisal Key Elements of Performance Appraisal Performance Appraisal System 1 6 12 16 17

RESEARCH METHODOLOGY
Different Types of Research Design Collection and Source of Data Observation Method Employee Performance Evaluation Challenges of Appraisal Strength & Weakness of Appraisal Use of Appraisal Data 31 32 33 35 36 36 37

RESEARCH ANALYSIS
Questionnaire 39 61 63 66

4 5 6

SUMMARY AND CONCLUSION SUGGESTIONS REFERENCES AND BIBLIOGRAPHY