The Effectiveness of Performance Appraisals in Measuring Employee Performance: A Study of the First Capital Plus Limited.

Abstract

This project is about the effectiveness of performance appraisals in measuring employee performance: A case study of the First Capital Plus Limited. The study was based on the perception that Performance Appraisals was not categorically effective means of measuring Employee Performance at First Capital Plus Limited. Three (3) Regional capitals (Kumasi, Accra and Takoradi), four (4) branches, Upper Level Management, Middle and other employees were sampled, making a total sample size of ninety (90) for the study. The design adopted was a descriptive survey, questionnaires and interviews were used in collecting the data and analyze the data collected which involved the use of tables, pie charts and histogram to display frequencies and percentages. The findings revealed that a higher percentage of the respondents see positive relationship between appraisals and employee effectiveness and overall organizational performance. It is therefore recommended that First Capital Plus Limited should apply progressive human resource Strategies and provide effective and productive methods regarding employee motivation and subsequent appraisal.

Key words: Performance, Appraisal, Organization, Effectiveness and Human Resource