Submitted To: Prof.

Indra Sharma

Submitted By: Vikas kamal Paroha Shraddha Agrawal Raghvendra shukla

Presentation Topic:-Performance Appraisal Method In comparison between insurance & banking sector.
Content:Introduction to Performance Appraisal.

Context

What Is Performance Appraisal? Method Of Performance Appraisal. Paired Comparison Method. Graphics Rating Scale. BARS Method MBO Method Performance Appraisal In Insurance Sector Performance Appraisal In Banking Sector

Introduction

Performance appraisal measures the qualitative and quantitative aspects of job performance. An appraisal evaluates not only the employee's performance but also his potential for development.

What is Performance Appraisal

It is a systematic evaluation. Part of Career Development.

Judgments of an employee's Performance

Why performance appraisal

For employ strategic goal

For salary
For Promotion

Method Of Performance Appraisal

Paired Comparison Method

It is a ranking employs by making a chart of all possible pair of the employee for each trait and education which is the better employee of the pair.

Graphics Rating Scale

A scale that list a number of traits and range of a performance for each, the employs is then rated by identifying the score that best describe his/her level of Performance.

BARS Method
An appraisal method thats aims at combining the benefits of narrative critical incident and quantified rating by anchoring a quantified scale with specific example of goods and poor performance.

MBO Method
It involves setting specific measurable goals with each employee and then periodically reviewing the progress made.

On The Basis Of Target Achieved. On The Basis Of Customer Feedback. On The Basis Of Experience.

On the Basis Of Accountability.

Using FQA Models. Deliver useful information to employee.

SBI

Reliance Life Insurance

IN SBI Recently The New System of Appraisal Is Adopted Name Open System Of Appraisal.
In SBI Performance Appraisal Is Done On the Basis Of Accountability. In SBI Performance Appraisal Is Also Done On the Basis Of Communication. (Oral/written)

Here Performance Appraisal Is Done On The Basis Of Target Achieved By The Employee.
In Reliance The Performance Appraisal Is Done On The Basis Of Customers Feedback. The Performance Appraisal Is Also Done On The Basis Of Experience.

Performance Appraisal for each job position should be different as each job has different knowledge and skill requirements. The time period for conducting the appraisal should be revised, so that the exercise becomes a continuous phenomenon. A neutral panel of people should do the Appraisal in Both Sector.