A Comparative Study of Banking Industry Based on Appraisal System, Rewards and Employee Performance

  • Dr. Ishfaq Ahmad
      Hailey College of Commerce, University of the Punjab, Lahore, Pakistan
    • Dr. Rizwan Qaisar Danish
        Hailey College of Commerce, University of the Punjab, Lahore, Pakistan
      • Syed Adnan Ali
          Institute of Business and Finance, Lahore, Pakistan
        • Hafiz Fawad Ali
            Institute of Business Administration, University of the Punjab Lahore Pakistan
          • Dr. Asad Afzal Humayon
              COMSATS, Pakistan

            Abstract

            Purpose- This study was aimed to throw light on the appraisal and reward system, and its effects on job satisfaction and employee performance in the banking sector of Pakistan. 

            Design/Methodology-  The research was based on primary data collected from the two major cities of Pakistan, Lahore and Kasur. A total of 250 structured questionnaires were rotated to Islamic and conventional banks in different parts of both cities. Out of these 222 questionnaires were returned and were in usable form. The data so collected was analyzed with the help of the Statistical Package for Social Sciences (SPSS). statistical techniques such as regression analysis, correlation analysis, descriptive analysis and t-test were used. 

            Findings- The results of the study revealed that appraisal was negatively correlated while the reward system was positively correlated to employee performance. 

            Practical implications- This research will help banks in reviewing their policies to make optimum use of their employees to meet certain goals of the bank. This research reveals that the appraisal system of the bank is affecting negatively on employees performance. This study will help in developing criteria which will help managers to appraise the employees in an effective way.

            Keywords:
            Appraisal system Reward system Job satisfaction Employee performance

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            Article History
            Received: 2018-12-07
            Published: 2018-12-13
            How to Cite
            Ahmad, D. I., Danish, D. R. Q., Ali, S. A., Ali, H. F., & Humayon, D. A. A. (2018). A Comparative Study of Banking Industry Based on Appraisal System, Rewards and Employee Performance. SEISENSE Journal of Management, 2(1), 1-11. https://doi.org/10.33215/sjom.v2i1.64