MEENAKSHI COLLEGE OF

ENGEENERING

DEPARTMENT OF MANAGEMENT
STUDIES
PROJECT TITLE:
PERFORMANCE APPRISAL

NAME:R.GAYATHRI
REG NO:311415631013
COMPANY PROFILE

Raghavendra Chemicals gave its venturous start in

the year 1990, and has been functioning
successfully until now. Being an authentic Henkel-
Loctite adhesive supplier, its services are wide and
extensive covering territories such as Chennai and
Puducherry.
 Raghavendra chemicals supplies its
products for
Automobile industries
Wind industries
Leather Garments
Footwear
Electronics
Customers for Raghavendra Chemicals are
Lucas TVS
Ford India
Sundaram Fastners
Delphi TVS
Webco
Rane TRW
Kone Elevators
Areva T&D
L&T groups and many more
INTRODUCTION OF THE STUDY
Performance Appraisal is the systematic
evaluation of the performance of employees and
to understand the abilities of a person for
further growth and development. Performance
appraisal is generally done in systematic ways
which are as follows:
The supervisors measure the pay of employees
and compare it with targets and plans.
The supervisor analyses the factors behind work
performances of employees.
The employers are in position to guide the
employees for a better performance.
OBJECTIVES OF THE STUDY
To maintain records in order to determine
compensation packages, wage structure, salaries
raises, etc.
To identify the strengths and weaknesses of
employees to place right men on right job.
To maintain and assess the potential present in a
person for further growth and development.
To provide a feedback to employees regarding their
performance and related status.
To review and retain the promotional and other
training programmes.
NEED OF THE STUDY
Appraising the performance of individuals, groups and organizations is a
common practice of all societies.

Providing information about the performance ranks on which decision

regarding salary fixation, promotion, etc. are taken.

Review of the performance of the subordinates.

Providing information that helps to counsel the subordinates.

Getting information to diagnose deficiency in employees regarding

skills, knowledge, etc.

To prevent grievance and in disciplinary activities.

.
IMPORTANCE OF THE STUDY
Performance appraisal helps supervisors to assess the
work performance of their subordinates.
Performance appraisal helps to assess the training and
development needs of employees.
Performance appraisalprovidesgrounds for employees
to correct their mistakes, and it also providesproper
guidance and criticism for employee's development.
Performance appraisalprovidesreward for better
performance.
Performance appraisal helps to improve the
communication system of the organization