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Abstract
The success of any organization depends upon its workforce. It is thereby deemed essential that the performance of skilled and talented individuals be measured and managed at not only the individual level but also at the team level. This has led to organizations understanding the relevance of appraising the performance of individuals and groups of employees thus making it a common practice across the globe. Of late companies have been found to spend billions evaluating the performance of their employees on an annual basis. The study aims to analyse whether a company’s performance appraisal system (PAS) exhibits positive impact on its employees’ commitment towards his work and performance. This paper also gauges at the significance of the appraisal system on job satisfaction and retention of the employees which serves the ulterior purpose of organizational growth.