The document summarizes the performance appraisal system used at Tech Mahindra Ltd. It discusses that Tech Mahindra uses a comprehensive and objective performance appraisal system to evaluate employees and provide feedback to help them improve. The performance appraisal process at Tech Mahindra uses both traditional methods like straight ranking, grading, and checklist methods as well as modern methods like assessment centers and behaviorally anchored rating scales. The overall goal of the performance appraisal system is to help employees develop skills, achieve career goals, and contribute to the company's success.