A Critical Analysis on the Effectiveness of the Performance Appraisal System of the Private Banks in Jaipur

Abstract

The organizations pay a lot of attention on the improved performance of the employee. For the purpose the organizations have well designed appraisal system, which not only evaluates the performance of the employee, but also lays emphasis on those areas which can be improved. The given study has been done to know the effectiveness of Performance Appraisal System on variables like Performance Improvement, Rewards, Culture, Job Satisfaction & Retention in private banks of Jaipur. Means, standard deviation, coefficient correlation, linear regression & one sample t-test has been used to validate the results. Comparative analysis of banks has been done. Results & discussions were drawn & it was concluded that though performance appraisal system is correlated & impacts the underlined dependent variables, yet there are some other reasons too for employee good performance.