IMPACT OF EMPLOYEE'S PERFORMANCE APPRAISAL ΟΝ EMPLOYEE'S DEVELOPMENT. A CASE STUDY 0F FIRST ΒΑΝΚ PLC, DUGBE BRANCH IBADAN)

This research work "Impacts of Employees' Performance Appraisal on Employees' Development" was carried out due to the fact that impacts of employee performance appraisal on employees' development, a case study of first bank plc, Dugbe branch. The basic purpose of a appraisal system should be to improve the employee performance that will lead towards the organization success. The system must deeply observe the people and recognize that employees are the most important resource. The system should first of all contribute to motivate all of its employees. This ideology will require a continuous effort in coaching, counseling and just flat communications between the employees and the supervisors. The findings of this study conducted from the 150 employees of banking sector in first bank seem to suggest that banks interested in improving their performance through the performance appraisal systems. Banks should seek to enhance the employee's motivation so that they become satisfied towards the appraisal system. Unskilled appraisers that have lack of communication skills and therefore are not able to accomplish an effective performance and can lead to negative attitude toward the appraisal system.