Executive Performance Appraisal:(A case study of M/s HMT Machine Tools Ltd., Hyderabad)

Performance Appraisal is a method of evaluating the behavior of employees in the work spot. It includes both qualitative and quantitative aspects of job performance. It indicates how an individual is fulfilling the job demands and it is always in terms of result. The HMT Machine Tools Limited is a multi-division, multiproduct organization dealing with Machine Tool, Press, Foundry, Tractor Assembly divisions and products are special purpose machines, CNC machines, watches, bearings and it mainly takes up projects. At present the total number of employees is 919 with a turnover of Rs.57 crores. HMT Machine Tools Ltd, conducts appraisal on different forms to rate its employees and depending upon that they give promotions, transfers and training to their employees.

This paper focuses upon the executive appraisal system of HMT Machine Tools Ltd. Hyderabad, perceptions of employees are analyzed and interpreted on various parameters/aspects.