Analysis of Performance Appraisal Systems - An Empirical Evidence of Manufacturing Sector in Punjab
Abstract
India has witnessed an imbalanced industrial growth across different states in the past.
Punjab as a state has suffered a lot due to policy induced barriers and constrained private
sector initiatives through allocation of licenses and public sector investments in the industrial
sector of its economy.Efforts of the subsequent governments to boost industrialization in
Punjab seem to have been patronized and in recent years national and international agencies
like World Bank, CRISIL, Union Government and RBI have recognized the state as a place
for investments. One of the significant factors contributing to pace of industrialization is
human capital of a state. The study surveyed 65 officers about performance appraisal systems
being implemented in manufacturing industries of Punjab. Factor analysis and ANOVA have
been used for identifying dominant variables affecting performance appraisals and the
industry having the most effective appraisal systems. The results of the study can
undoubtedly assist managers in developing robust performance appraisal systems
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