A STUDY ON THE EFFECT OF IMPLEMENTATION OF 360 DEGREE PERFORMANCE APPRAISALS AMONGST THE EMPLOYEES OF MEGHMANI ORGANICS LTD.

The effectiveness of employee performance evaluation is critical to organizational success.Traditional performance appraisals often rely on a top-down approach, which may result in biased assessments.This study examines the impact of implementing a 360-degree performance appraisal system at Meghmani Organics Ltd., analyzing its effects on employee perceptions, job satisfaction, and professional development.Findings indicate that while employees perceive the system as fair and beneficial for professional growth, concerns exist regarding stress levels, transparency, and managerial involvement.The study concludes with recommendations to enhance the effectiveness of the appraisal process. INTRODUCTION:Employee performance evaluation is a key aspect of talent management, influencing promotions, training, and retention.Traditional appraisal systems often provide a limited perspective, relying solely on supervisor evaluations.The 360-degree appraisal system, however, gathers feedback from multiple sources, including peers, subordinates, and clients, providing a comprehensive assessment of employee performance.This method enhances transparency, minimizes bias, and encourages professional development.