| Abstract: | This study was conducted at BIB International Bank S.C. aiming to assess the effect performance
appraisal (PA) practice of the Bank and on employees’ career development plan using
descriptive research method. In conducting this study, both primary and secondary data were
collected using structured questionnaires, an interview and other published materials. Nonprobability
purposive sampling technique was also employed to select representative samples of
140 participants from a total population of 218 employees found at 4 branches and the
headquarters. The study used questionnaires as its data collection instrument qualitatively and
quantitatively. Regression Analysis and Correlations were used to analyze the data collected
using SPSS version 20 to analyze the data gathered. The findings of the study clearly showed
that Among the main finding of the study was that from the four factors of effective PA, which
are Clarity, Performance appraisal feedback, Knowledge, Fairness in the appraisal have
significant positive effect on employees Career development, BIB has long implemented a
performance appraisal system, employees are not motivated by the results of the system as the
bank usually conducts PA for the sake of formality or monetary rewards rather than
developmental purposes. Failure to properly utilize the results of PA resulted in unjustified and
prolonged retention of employees in the same post without promotion. In improving this and
other problems, the study recommended that the bank benchmarks best practices in the industry,
introduce standard PA measuring tools and systems, align organizational objectives with the
system, effectively make use of the results for the identification of employee weaknesses,
strengths and training needs so that BIB could retain the existing and attract competent
employees of the sector. |
