A Study of the Appraisal of a Local and Foreign Bank A Case of two Banks

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.