How many percentage improve in performance appraisal using artificial intelligence in IT sector of India according to previous studies

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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How many percentage improve in performance appraisal using artificial intelligence in IT sector of India according to previous studies 

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Step 1: Importance of performance appraisals in the IT sector.

Performance appraisal is one of the vital functions of the HRM. The employees of the firm need to be retained for a longer duration of time in order to reduce the turnover costs. Of the many employee retention methods, performance appraisal is the most relevant. However, it is observed that employees tend to quit the firm after they receive their performance appraisals. It might be because they are not satisfied by the decision of the HRM regarding the same. The management of the firms find it challenging to attain the organizational goals due to a lack of skilled employees.

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