Contribution of an Effective Performance Appraisal System in the Growth of New Startups
Journal Title: International Journal of Marketing and Technology - Year 2017, Vol 7, Issue 6
Abstract
Today, every organisations endeavour to maintain their long term sustainability, growth, and diversify their business to the maximum possible extent with the help of their competent work force. An Effective performance appraisal system accelerates the growth of organisational performance through improved employee’s performance. When startups struggle to established itself, it becomes more crucial that they, select adequate system of appraisal. A system that help to rectify employee's strengths and weaknesses, design proper training programme to enhance their capability and motivate them for higher performance through constant and constructive feedback. Present study analyse the overall contribution of an Effective Performance Appraisal System in new startups. The heterogeneous population was stratified and the simple random sampling method was used to select respondents from each stratups. Microsoft office excel was used to manage the data that was gathered from the field. It was found that majority of respondents agreed that an effective appraisal system continuously reviews the performance of employee and suggests corrective actions, if needed. So, it is very helpful for the organisation and the individual but on the other hands, management should consider various aspects during the implementation of appraisal system to make the process more effective and get appropriate result.
Authors and Affiliations
Sakinatul fatma
Keywords
Related Articles
- EP ID EP19655
- DOI -
- Views 363
- Downloads 19
Determinants of Business Information Security
Insufficient security can result in downtime, or even worse, reduce credibility with customers and partners. Many organisations have preventive security measures in place, such as firewalls, antivirus systems and netwo...
A study an analyze the factors influencing the industrial relations in TANCEM and DALMIA Cement companies, Ariyalur district
Industrial relations play a crucial role in establishing and maintaining industrial democracy. The establishment of good industrial relations depends on the constructive attitude on the part of both the management and...
ETHICAL AND SOCIALLY RESPONSIBLE MARKETING IN INDIAN BUSINESS: A CONCEPTUAL OUTLINE
This Paper explains the concept of Corporate Social Responsibility (CSR) and Ethics in Marketing and identifies and Analyses the points such as 1) To what extent the academicians in the B-Schools are imparting to their...
MANAGEMENT OF TRANSPORTATION SYSTEM AND PRIORITIZATION OF TRANSPORT INFRASTRUCTURE PROJECTS
The increasing demand for transport services in Indian cities has been observed due to increases in population, increases in household income, and increases in economic activities. Traffic congestion problem is a serio...
ESTIMATION OF MARKET VOLATILITY-A CASE OF LOGISTIC BROWNIAN MOTION
In this paper, we have used the Dupire's equation to derive the volatility model when the asset price follows logistic Brownian motion. We have used the analysis of Brownian motion, logistic Brownian motion, derivation...