The Complete Project Research Material is averagely 146 pages long and is in Ms Word Format, it has 1-5 Chapters. Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
Get the complete project »
The study was designed to assess the impact of the Staff Performance Appraisal System of First Bank Plc, a case study of Uyo Branch. Specific goals of the study cover measurement of employees understanding of the goals of the appraisal system, its process and procedures. Also, the study measures employees perception of the appraisal system, how it has been able to identify employees strengths and weakness and finally finds out whether all set goals are achieved. The study population was the entire staff of Uyo Branch totaling 221. The researcher used sample size of 52% and obtained data using a eleven-sectioned self completed questionnaire and interviews. Data presentation and discussions were supported with bar and line graphs, pie chart and tables to make the whole work easy to read and understand by all and sundry. The study revealed that the Staff Performance Appraisal exercise was not given the seriousness it deserves. Again, majority of the staff have knowledge of the performance appraisal system in the bank and agreed that the system establishes key goals, so the researcher recommended improvement in communication and introduction of training programmes highlighting the relevance of performance appraisal and its structures.
1.1 Background of the Study
Performance Appraisal is a major subject of controversy in management circles. While business leaders see the need for appraisal systems, they are frequently disappointed in them. One of the responsibilities of management is to ensure that an organization functions effectively and efficiently. In order to achieve these goals, managers must be able to determine and assess performance levels of both an organization and its individual employees (Kurt 2004).
Modern businesses depend upon measurement and analysis of performance. Measurements must derive from the company’s strategy and provide critical data and information about key processes, outputs and results. Data and analysis support a variety of company purposes, such as planning, reviewing company performance, improving operations, and comparing company performance with competitors’ or with ‘best practices’ benchmarks (Averson, 1998).
1.2 Statement of the problem
Performance appraisal provides a good opportunity to formally recognize employees’ achievements and contributions to the organization, and to ensure that a clear link is established and maintained between performance and reward. Employees of First Bank Plc in recent times have been accused of high level of inefficiencies in the discharge of their duties by the general public. However, it was recently that research had revealed the deplorable working conditions under which financial professionals’ work. Poor infrastructure, inadequate logistics and equipment, poor remuneration and inadequate reward system have always led to the low level of public confidence and respect in the financial institutions.
The situation had further resulted in ripple effects of poor performance, low morale and lack of discipline in the service vis-a-vis the theories on performance appraisal. Given the challenges earlier enumerated to be facing employees in First Bank Plc, particularly employees of Uyo Branch in Nigeria.
1.4 Objectives of the Study
An effective performance appraisal programme would assist an organization to achieve its goals and goals. It would lead to enhanced communication, employees professional development, improved employee morale and help identify training needs of the employees. A well-developed staff are more likely to be proactive, productive and resourceful, all of which help give the organization a competitive edge from improved customer relations to increased profits.
1.4.0 The main objective of the study was to assess the effectiveness of the Performance Appraisal (SPA) system in First Bank Plc at Uyo Branch.
1.4.1 Specific goals for the study were to find out:
1. To measure employees’ understanding of the goals of the appraisal system, its processes and procedures at First bank.
2. To find out whether the appraisal system at First bank is achieving the goals.
3. To measure employees perception of the appraisal system at First bank.
4. To find out how the performance appraisal system has been able to identify employees’ strengths and weaknesses and programmes put in place to address weaknesses and reward performance.
1.5 Research questions
The following research questions formed the basis upon which the study was
1. What is the level of employees’ understanding of the goals of the appraisal system, its processes and procedures at First bank?
2. How is the appraisal system at First bank achieving the goals?
3. What is the perception of employees of the appraisal system at First bank?
4. Is the performance appraisal system able to identify employees’ strengths and weaknesses?
1.6 Significance of the study
This study would bring to light employees understanding and appreciation of the performance appraisal system and the relevance of an goal, systematic and effective performance appraisal. Also, it would contribute to knowledge and literature because it would focus on how performance appraisal can be more effective which would enable management to develop a broader understanding of human resource management process. Further, it would provide information for human resource practitioners on how rules and regulations regarding performance appraisal work in banks and develop the necessary programmes to address weaknesses and reward performance.
1.9 Limitation of the Study
The researcher finds that the time span within which to complete this work may not be enough to allow for a comprehensive study of the research area. Again the study was constrained because of the researcher’s inability to access some information he considers important for the study.
1.10 Organization of the Study
The study is divided into five (5) chapters. Chapter one embodies the general introduction to the study, the goal of the study, specific goals, statement of the problem, research questions, scope, organization of the study and the significance of the study. In chapter two, the works of some authors pertaining to the concept of appraisal are reviewed, bearing in mind the goal of the study. Chapter three provides information on the methodology for the study. It looks at the study design, the study population, and the sampling techniques used. It also provides information on the data collection methodology and analysis procedures.
The fourth chapter reports on the findings obtained from the field study. It describes the background of the respondents, the issues relating to effectiveness of performance appraisal, the identifiable constraints that affected the appraisal system in the service and how to solve them. The concluding fifth chapter summarizes the salient trends and ends with suggestions and recommendations necessary for the attainment of an effective
Share a Comment
You can find more project topics easily, just search
SIMILAR BANKING FINANCE FINAL YEAR PROJECT RESEARCH TOPICS
1. THE IMPACT OF TOTAL QUALITY MANAGEMENT ON BANK EMPLOYEES IN NIGERIA (A CASE STUDY OF FIRST BANK PLC)» CHAPTER 1: INTRODUCTION 1.1 BACKGROUND OF THE STUDY Management activities in the business world are directed towards achieving an ample share of the i...Continue Reading »
65 pages | 159 hits | Source: BANKING FINANCE
2. THE DEVELOPMENTAL IMPACT OF RURAL BANKING IN NIGERIA (A CASE STUDY OF UNITED BANK FOR AFRICA PLC)» CHAPTER ONE 1. INTRODUCTION Banking service when introduced in our rural areas will bring development or specifically economic development to the door...Continue Reading »
51 pages | 45 hits | Source: BANKING FINANCE
3. AN ASSESSMENT OF CUSTOMER PROTECTION AND THE CHALLENGES OF A CASH-LESS ECONOMY. (CASE STUDY UNITY BANK PLC)» ABSTRACT Cash less policy is a situation where the volume of the physical cash been used in the economy is reduced rather than total elimination of su...Continue Reading »
64 pages | 19 hits | Source: BANKING FINANCE
4. THE IMPACT OF RECAPITALIZATION ON THE PERFORMANCE OF BANKS IN NIGERIA (a case study of Nigerian banks)» 1.0 CHAPTER ONE 1.1 BACKGROUND OF STUDY Banking reforms have been an ongoing phenomenon around the world right from the 1980s till date, but it is mor...Continue Reading »
50 pages | 48 hits | Source: BANKING FINANCE
5. ANALYSIS OF THE EFFECTIVENESS OF INFORMATION TECHNOLOGY ON BANKING SERVICES DELIVERY (A CASE STUDY OF UNION BANK ENUGU)» ABSTRACTThe objective of the research study is to find out effectiveness of information technology in banking system delivery, in carrying out this pr...Continue Reading »
57 pages | 161 hits | Source: BANKING FINANCE
» Abstract This study impact of monetary policy on the performance of deposit money banks in Nigeria. The total population for the study is 200 staff of...Continue Reading »
66 pages | 15 hits | Source: BANKING FINANCE
» TABLE OF CONTENTS Title page i Declaration ii Certification iii Dedication iv Acknowledgements v Table of contents vi List of Tables ix Abstract x CHA...Continue Reading »
78 pages | 50 hits | Source: BANKING FINANCE
» CHAPTER ONE INTRODUCTION 1.1 Background of the study Financial institutions are organizations which deal basically in money. `They constitute the fina...Continue Reading »
61 pages | 197 hits | Source: BANKING FINANCE
9. IMPACT OF COMPUTERISATION IN BANKING SECTOR: A CASE STUDY OF SELECTED COMMERCIAL BANK IN ABUJA UBA» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY Today’s business environment is very dynamic and undergoes rapid changes as a result of technol...Continue Reading »
50 pages | 83 hits | Source: BANKING FINANCE
» CHAPTER ONE INTRODUCTION 1.1. Background of the study The subject of transparency and accountability in modern day corporate organizations has continu...Continue Reading »
71 pages | 165 hits | Source: BANKING FINANCE