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Chapter One of Effect of Employee Performance Appraisal and Motivation Strategy on Employees in the Banking Industry
Abstract of Effect of Employee Performance Appraisal and Motivation Strategy on Employees in the Banking Industry
Employee performance appraisal and motivation goes together in determining employee and organizational performance as well as competitiveness. Many organizations have tried to promote employee motivation and performance but most of them have not followed the requirement that could promote them. This study provides effective methods of using employee motivation and performance.
The study analyses various methods and approaches to integrate them. Five hypotheses were postulated to find out if there is significant relationship between employee motivation and employee performance, employee performance appraisal and organizational performance, managers’ appraisal skill and employee motivation, and employee performance appraisal and employee training.
Questionnaires were formulated based on based on the hypotheses and 130 questionnaires were distributed to six branches of Wema bank in Lagos and Ibadan which 92% (120) of the distributed questionnaires were retrieved. The questionnaires were analyzed based on inferential statistical method of chi-square at 0.05 level of significance.
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Findings revealed that there is significance between employee motivation and performance appraisal, and employees and organizational performance. The study recommends that managers and organizations should engage in effective use of performance appraisal and motivate their employees for organizational performance.
Keywords: employee performance appraisal, employee motivation, employee performance and organizational performance.
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