A Study On Performance Management Among Employees Of Financial Institutions In Chennai

Abstract

Performance management is a strategic and comprehensive approach to long-term organisational success, by boosting employee performance, developing their skills, and encouraging their contributions. Different people and organizations have different opinions about how employees feel about the performance management systems used in financial institutions. Employee loyalty, perceived performance management methods, assigned responsibilities, and personal profiles are all examined in this study. A structured questionnaire was used to gather primary data from a sample of 400 employees in Chennai. Multiple linear regression, the Kruskal-Wallis test, percentage analysis, and ranking analysis were used to examine the gathered data. The study concluded that job responsibilities, performance management systems, and loyalty of employees on workplace have higher impact on its performance.