THE RELEVANCE OF PERFORMANCE APPRAISAL ON EMPLOYEE PRODUCTIVITY: A STUDY OF LEADWAY ASSURANCE

Abstract

This project evaluated the relevance of performance appraisal on employee productivity. A study of Leadway Assurance. Various books and journals were used which helped in formulating various objectives which include determining the perception of employees towards the performance appraisal system at Leadway Assurance; examine the relationship between performance appraisal and the Leadway Assurance employee's perceived job satisfaction; determine the relevance of performance appraisal on the Leadway Assurance employee's perceived job motivation; investigate the relationship betweenperformance appraisal and the Leadway Assurance employee's self-report productivity. To achieve the stated objectives, research design was a cross sectional survey whiles the population consists of employees’ of Leadway Assurance Lagos. Structured questionnaires were used to get the data out of which 120 were completed and returned, while data were analyzed using frequency tables and percentages, Chi-Square were used to test the hypotheses. The findings include: There is a significant relationship between performance appraisal and the perceived job satisfaction of employees at Leadway Assurance. The study reveals a noteworthy correlation between performance appraisal and the perceived job motivation of employees at Leadway Assurance. The work recommends that Leadway Assurance should prioritize the implementation of regular performance feedback sessions between managers and employees. To improve employee productivity and job performance, Leadway Assurance should invest in enhancing training and development opportunities based on the findings of performance appraisals.