Employee Performance Appr aisal System: A Study on Square Pharmaceuticals Limited

Performance appraisal system is one the most vital functions of human resource management (HRM). Modern organizations can survive in the competitive environment of today, only if they can make the best use of their human capital as their most important asset. Performance appraisal is consid ered as one of the important tasks of a HR manager due to its implications for the iden tification of employee capacity as well as taking appropriate reward decision. This paper aims at iden tifying the acceptance le vel of performance appraisals practices used in Square Pharma ceuticals Limited (SPL) among the employees. A well-structured questionnaire was used to colle ct the primary data. Basic statistical tools were used to analyze the data. The study has found that the majority of the employees are satisfied with the organization’s existing performance appraisal practices. But they demanded for a more systematic and inform ative performance appraisal system.