Critical Study of Performance Management in Shree Baidyanath Ayurved Bhawan Private Limited, Nagpur

Abstract

The meaning of Human resource management, in the sense of getting things done through people. It's an essential part of every manager's responsibilities, but many organizations find it advantageous to establish a specialist division to provide an expert service dedicated to ensuring that the human resource function is performed efficiently. Performance appraisal vis-à-vis management is becoming more and more dynamic in the era of globalization. Performance appraisal is the systematic evaluation of the individual with respect to his performance on the job and his potential for development. Human resource development has undergone a drastic change and has now become Human Resource Management. Similarly, the performance appraisal is changing dimensions to be known as performance management. The present study will focus on HR practices, in general and Performance Management, in particular. The current scenario and past performance of Human Resource in selected organization from Private sector shall be taken into consideration.