International Journal of Multidisciplinary Research
Vol.1 Issue 4, August 2011, ISSN 2231 5780
THE NEED OF ‘720 DEGREE PERFORMANCE APPRAISAL’ IN THE
NEW ECONOMY COMPANIES
ANUPAMA*; MARY BINU T.D.**; DR. TAPAL DULABABU***
*Asst. Professor, The Oxford College of Business Management,
No.32, 19th Main, 17th „B‟ Cross, Sector IV,
HSR Layout, Bangalore 560102.
** Asst. Professor, The Oxford College of Business Management,
No.32, 19th Main, 17th „B‟ Cross, Sector IV,
HSR Layout, Bangalore 560102.
*** Professor & Principal, The Oxford College of Business Management,
No.32, 19th Main, 17th „B‟ Cross, Sector IV,
HSR Layout, Bangalore 560102.
ABSTRACT
“Evaluate what you want -- because what gets measured gets produced” ~ James A. Belasco
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The success of an organization depends on the performance of the employees and it is the human tendency to judge everything and everyone around them. If there are no fixed standards of judging they will start judging based on informal standards that can create negativity and impact the performance of the employee and in turn, the organization. Hence, it is necessary that we set the right standards to judge the performance of the employees. The major setback in the previous methods of appraisal was that it did not guide the employee after the appraisal hence the 720 degree appraisal was introduced when the employees performance is measured, analyzed and targets are set in the first appraisal and after a short period his performance is measured again and proper feedback and guidance is given to ensure that the employee achieves the target. In this paper, the authors try to evaluate the awareness of the 720 Degree Performance Appraisal in the Organizations that were selected for the study. We also analyze the feedback of the employees and the Management about the feasibility of the 720 degree performance appraisal.
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