A Study on Executive Performance Appraisal System in NALCO

The international employment climate expects a huge deal of commitment, loyalty, effort and dedication for the employees. Employees in turn also have high expectations from their employers. Performance appraisal must be viewed as an intrinsic or an already in-built part of a manager’s responsibility. It is a systematic way of ensuring that superiors and subordinates gather on a periodic basis and discuss the past, present and future performance and expectation issue and reach on common or neutral grounds on various dimensions or aspects of it. The gatherings should be established on a clear and mutual understanding of the work concerned and its standards, levels and outcomes. It is also to be understood that such procedures and systems are kept in place to fulfil and achieve certain goals and not only for formalities or paperwork’s. The paper intends to focus light upon the need of such methods which benefits all the concerned parties of a work environment, with giving a special reference to National Aluminium Company Limited or commonly known as NALCO.