Article Published In Spl.2005

Performance Appraisal System in Indian Banks

Author : Satpal and Dr. M.S. Malik

Performance appraisal is one of the major bundles in Human Resource Management. Successful performance appraisal system is one that has resulted from hard work, careful thinking, planning and integrated with the strategy and needs of the organization.The concept of performance appraisal is still emerging and finding space in both academic and practitioner spheres. !his paper is an attempt to do the empirical evaluation of performance appraisal by applying some of the strands of critical thinking to performance appraisal practices and discourses. 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 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