Abstract:
Banking industry is facing a hyper turbulent situation
where banks have to operate in increasingly competitive and
complex local and global markets . The ability to compete in
the fast-paced ' global environment is of paramount
importance -survival of the fittest being the name of the
game . The competition has become even more tough and
challenging with the entry of foreign world class banks and
other financial institutions . With these facts in mind, it
is particularly important to take into account the element
of Human Resource of these organizations . The greater the
level of consideration given to the Human Resource of an
organization, the more dedicated its employees will be.
Therefore , it is important to keep track of how the
employees are performing and cater to the areas where they
appear to be lagging , and this purpose is achieved through
the use of appraisal systems . In this research paper, the
appraisal systems of a local and a foreign bank were taken
under study . The appraisal systems of two banks , MeB & ABN
AMRO , were thoroughly analyzed . The weaknesses and
strengths of these systems were then subsequently identified . After the analysis of both the appraisal systems, findings from this study were concluded and recommendations were given in order to improve the existing appraisal system of both the banks.
