IN INDIAN BANKS
Pallavee Shrivastava 1, Usha Kiran Rai 2
1(Research Scholar, Faculty of Management Studies, Banaras Hindu University, Varanasi, India)
2(Professor, Faculty of Management Studies, Banaras Hindu University, Varanasi, India)
Banking sector is a fast growing sector of India. With swift expansion in the number of branches and the new functions assigned to them, banks are beginning to feel a new pressure on their organizational abilities i.e. the processes of recruitment, placement, training, promotion and appraisal, in order to ensure that the right number of staff with the right capacities are available at the right time and for the right places. Appraisal is one of the key factors of organizational ability which is also the focus of this study. In simple words we can say that performance appraisal is an analysis of employee’s recent successes and failures, personal strengths and weaknesses, and suitability for promotion or further training.
Keywords: Performance Appraisal, Banking Sectors, Employees feedback.
1. Introduction :
1.1 Performance Appraisal : Performance appraisal includes all formal procedures used to evaluate personalities, contributions & potentials of group members in a working organization. It is a continuous process to secure information necessary for making correct and objective decisions on employees.
In simple words, performance appraisal is the systematic evaluation of the individual with respect to his performance on the job and his potential for development.
1.2 The essentials of an effective performance system are as follows:
• Documentation : Means continuous noting and documenting the performance. It also helps the evaluators to give a proof and the basis of their
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