Employee’s performance evaluation and its role in the organizational improvement through human resource management

Abstract

Nowadays, all public and private organizations need a performance evaluation system for development and sustainability, in which they can measure the efficiency and effectiveness of their organization’s programs, processes, and human resources. The aim of the present study is to investigate the impact of human resource and their dimensions on organizational performance. The present study is applied in terms of its purpose, is classified as descriptive research, and was conducted using a survey method and a questionnaire-based tool. The statistical population of this study is the employees of the Stock Exchange Organization during 2020-2203, including 250 employees and specialist managers was obtained with the help of the Cochran formula. The method of data analysis was the structural equation modeling technique using the path analysis technique in the LISREL 8.88 software. The results of the hypothesis analysis show that the tool of employee performance and human resource management has a positive and significant impact on the organizational performance of the Uzbekistan Stock Exchange. In this regard, by evaluating employees, «criteria» are developed instead of «relationships» in administrative affairs, and by evaluating, it is also possible to determine the level of ability and power of individuals in performing assigned tasks and responsibilities. Undoubtedly, for the achievement of the organization’s goals and its survival, growth and dynamism, identifying creative, innovative and innovative human resources is of vital importance. In this regard, employee performance evaluation, as one of the most effective tools of recognition and control, plays an important role, because it can be taken towards effectiveness, motivation and ultimately towards increasing the quantity and quality of employee performance.