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Impact of Performance Appraisal on Employees: A Study on Employees of Insurance Organization in Bangladesh

Author

Listed:
  • Tabassum Azim

    (Human Resource Management (International Development), The University of Manchester, UK.)

  • Mustafa Nizamul Aziz

    (East West University, Dhaka, Bangladesh.)

Abstract

Performance appraisal is an essential activity that determines how the employees behave and perform. From scholarly articles, it can be said that it creates both positive and negative impact on employees’ performance, which affects the overall organizational performance. The aim of this research paper is to understand how the method of performance appraisal used in a leading insurance organisation can have an impact on employees’ attitude towards work. It focuses on how technological factors, financial factors and feedback system of the appraisal system can have a significant impact on the fairness of the system. Taking a sample size of fifteen respondents from one organization has identified how the feedback system used by an organization and involving employees’ voice in in decision making can contribute to making the process fair.

Suggested Citation

  • Tabassum Azim & Mustafa Nizamul Aziz, 2021. "Impact of Performance Appraisal on Employees: A Study on Employees of Insurance Organization in Bangladesh," International Journal of Science and Business, IJSAB International, vol. 5(10), pages 41-54.
    • Handle: RePEc:aif:journl:v:5:y:2021:i:10:p:41-54
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    References listed on IDEAS

    as
    1. Md. Bokhtiar Hasan & SM Nahidul Islam & Abu N. M. Wahid, 2018. "The effect of macroeconomic variables on the performance of non-life insurance companies in Bangladesh," Indian Economic Review, Springer, vol. 53(1), pages 369-383, December.
    2. J. François Outreville, 2013. "The Relationship Between Insurance and Economic Development: 85 Empirical Papers for a Review of the Literature," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 16(1), pages 71-122, March.
    3. Hossain, Maksuda & Abdullah, Abu Md. & Farhana, Shila, 2012. "Performance Appraisal & Promotion Practices on Private Commercial Bank in Bangladesh: A Case Study from Pubali Bank Ltd," Asian Business Review, Asian Business Consortium, vol. 1(1), pages 49-55.
    4. Rahman, Md. Azizur, 2013. "Comparative Study on the Efficiency of Bangladeshi Conventional and Islamic Life Insurance Industry: A Non-Parametric Approach," Asian Business Review, Asian Business Consortium, vol. 3(2), pages 80-91.
    Full references (including those not matched with items on IDEAS)

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