Page 1 of 7
Journal for Studies in Management and Planning
Available at
http://edupediapublications.org/journals/index.php/JSMaP/
I SSN: 2395-0463
Vol ume 03 I s s ue 0 2
February 2017
Available online: http://edupediapublications.org/journals/index.php/JSMaP/ P a g e | 164
A Study on Satisfaction of Performance Appraisal of
Employee With Reference to Microfit Industries Pvt Ltd
P.BENJAMIN ROZARIO
Research Scholar
Dr.R.KRISHNAKUMAR
Assistant Professor of Commerce,
St.Joseph’s College of Arts &Science (Autonomous)
Cuddalore.
Abstract
Performance Appraisal (PA) has
increasingly become part of a more strategic
approach to integrating HR activities and
business policies and may now be seen as a
standard term covering a variety of activities
through which organizations seek to assess
employees and develop their competence,
improve performance and share out rewards.
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
lack of enthusiasm and impact the
performance of the employee and in turn,
the organization. This paper is satisfaction
of performance appraisal of employee with
reference to MICROFIT INDUSTRIES PVT
LTD.
Key words: HR: Human Resource, HRM:
Human Resource Mangers, PA;
Performance Appraisal & Motivation.
Introduction
Performance appraisal may be
defined as a structured formal interaction
between a subordinate and supervisor, that
usually takes the form of a periodic
interview (annual or semi-annual), in which
the work performance of the subordinate is
examined and discussed, with a view to
identifying weaknesses and strengths as well
as opportunities for improvement and skills
development.
OBJECTIVES OF THE STUDY
1) To find out the employees
satisfaction on the performance appraisal
conducted by the company.
2) To find out the Methods of
performance appraisal system
followed in the Microfit Industries.
Page 2 of 7
Journal for Studies in Management and Planning
Available at
http://edupediapublications.org/journals/index.php/JSMaP/
I SSN: 2395-0463
Vol ume 03 I s s ue 0 2
February 2017
Available online: http://edupediapublications.org/journals/index.php/JSMaP/ P a g e | 165
3) To find out the impact of performance
appraisal result in the performance of
the employees.
4) To study the effectiveness of
performance appraisal system in the
Microfit Industries.
5) To suggest the company to conduct
the performance appraisal in better
manner to improve the satisfaction to the
employees.
SCOPE OF THE STUDY
The study is confined to the
performance appraisal system, general
practices and systems followed. It describes
in detail, the objective and process of
performance appraisal. It gives a description
of the various methods of performance
appraisal like Essay Appraisal, Graphic
Rating Scale, Field Review, Forced Choice
Methods, Critical Incidents, Ranking, Work
Standards, It also describes modern methods
followed for appraisal like Management by
Objective and Assessment Centre.
RESEARCH METHODOLOGY
Research Design
A research design is the arrangement
of condition for collection and analysis of
data in manner that aims to combined
relevance to the research purpose with
economy on procedure. The employee
survey included only operational workers at
all levels.
Data Used
Primary data
Primary data were collected from the
Microfit Industries by a structured
questionnaire.
Secondary data
Secondary data were collected from
the internet and reference books.
Data Collection Method
Both the primary data and secondary
data were used for the purpose of the study.
The primary data was designed statements
which focus on factors influencing
performance appraisal. Secondary data was
collected through company brochures,
journal books, news letter and annual report.
LIMITATIONS OF THE STUDY
The study was subject to certain limitations
they are as follows
The sample size was 100 employees.
The workers might have given
irrelevant answer due to fear.
Page 3 of 7
Journal for Studies in Management and Planning
Available at
http://edupediapublications.org/journals/index.php/JSMaP/
I SSN: 2395-0463
Vol ume 03 I s s ue 0 2
February 2017
Available online: http://edupediapublications.org/journals/index.php/JSMaP/ P a g e | 166
The time spent to do the study is not
enough.
The researcher was not able to get
the required information from the
HR manager due to time constraints
and they had the fear of the
management.
LITERATURE REVIEW
“The overall objective of
performance appraisal is to improve the
efficiency of an enterprise by attempting to
mobilize the best possible efforts from
individuals employed in it. Such appraisals
achieve four objective including the salary
reviews. The development and training of
individuals, planning job and assistance
promotions” -
A number of alternative
conceptualizations of nonacademic
intelligence have emerged since Thorndike’s
seminal work, including practical,
emotional, kinesthetic, and even moral
intelligence (Hedlund & Sternberg, 2000)1
.
The distinction is that any benefits
take the form of minor gains in discretion,
granted as a means of securing compliance
with managerial aims. Such advances are far
outweighed by work intensification,
insecurity and stress (Ramsay et al. 2000, p.
505)2
.
COMPANY PROFILE
MICROFIT INDUSTRIES PVT
LTD is one amongst the quality conscious
manufacturers based out of south India. It
was setup in 1995 for manufacturing of high
precision engineering parts. It’s first
manufacturing facility was set up at neyveli
(Tamil Nadu). Going forward, to meet the
diverse requirement of demanding
customers, microfit set up manufacturing
facility at Pondicherry as well as in Madurai
(Tamil Nadu). Over a period, the company
diversified into hot forging activities.
DATA ANALYSIS AND INTERPRETATION
GENDER OF THE RESPONDENTS
S .No Response No. of Employee Percentage (%)
1 Male 100 67
2 Female 50 33
Total 150 100
