Abstract
A performance appraisal is a timely monitoring of the work done by employees to enhance the employee's morale and also to contribute to the growth of the organization. In performance appraisal, the holistic growth of the employee is kept into account by taking into consideration the skills, talents, potential, and productivity of all employees. Performance appraisal recognizes the contribution of each employee. It helps to manage the most important resource in the organization – the Human Resources. The utilization of all resources in an organization ensures smooth functioning and guarantees maximum productivity.
References
• Adler, R. W. (2006). Why DCF capital budgeting is bad for business and why business schools should stop teaching it. Accounting Education. An International Journal, 15(01), –10.
• Akalu, M. M. (2003). The process of investment appraisal: The experience of 10 large British and Dutch companies. International Journal of Project Management, 21(5), 355–362.
• Anand, M. (2002). Corporate finance practices in India: A survey. Vikalpa, 27(4), 29–56.
• Andor, G., Mohanty, S., &Toth, T. (2011). Capital budgeting practices: A survey of Central and Eastern European firms. Word Bank, 1–45.