Evaluation of performance appraisal of NRB Bank Ltd.

Abstract

Performance Appraisal is a vital tool of HRM and for an organization there is no other effective tool for measuring employees than performance appraisal. It helps to give an overview of the employee’s performance and it also provides results on the regular job performance of the employees. Through providing regular feedback managers and employees understand how well they are doing on the job. An effective performance appraisal finds the gap and measures which training and developmental program the employee needs. Moreover, it also helps with consistent promotions and salary increases which motivates the employees. In this internship report, it has been evaluated the effectiveness of performance appraisal of NRB Bank Ltd based on the tenure of 3 months starting from 18th December 2018 to 17th March 2019. This internship report mainly focuses on the evaluation of the effectiveness of performance appraisal of NRB Bank Ltd. Firstly, an overview of NRB Bank Ltd has been discussed along with its products. Then, after the introduction to the report, literature review, methodology the main part comes the data analysis part. For the evaluation I have collected data through questionnaire and descriptive survey. And then analyzed data through using pie charts, bar charts to show the percentages. Employee’s satisfaction with performance appraisal, frequency of feedback, training and development needs measurement, fairness about the appraisal, rewards and motivation are the main features of an effective performance appraisal. So, the evaluation has been done on all of this main features. Overall, the evaluation given a positive result about the effectiveness of performance appraisal. Finally, some recommendations has been provided which will help the organization to make their performance appraisal more effective. The evaluation has given a positive result on the evaluation of performance appraisal of NRB Bank Ltd which indicates it is effective.