Performance Appraisal Practices in Indian Companies

Globalization requires attention to "more than conducting business across national borders but also entails expanding competition for almost every type of organization presenting management with the challenge to operate in diverse cultural settings". HRM has become a significant factor in the management for organizational success. The multinational companies (MNCs) and other national organizations face the challenge to managing their employees by using different methods of retention, compensation, motivation and performance appraisal strategies. The article reviews was performance appraisal practices being practiced by companies operating in India.