To investigate the factors analysis of effectiveness of performance appraisal and big five personality trait through exploratory factor analysis

Abstract

Main aspect of human development is the career development. The performance appraisals systems constitute the integral part of career development process. But most of the organizations are faced with critical comments regarding performance appraisal systems. Inquiry is the tool to develop and expand the boundaries of science and innovation in knowledge. To enhance the knowledge in research, authorities are conducting and administering the fundamentals research, practical and developmental, for the innovation of knowledge research centers and universities contributing to extend the knowledge and science in all fields and put forward some incorporated solutions for the challenges which are facing humans. Due to unavoidable requirements of research centers periodical study on the research centers performance is required, in order to make out relevant research centers and find out the effective factors of performance appraisal. Precisely, major focus of current research is to examine the determinants of effectiveness of performance appraisal and role of personality traits factors evaluating banking employees' performance. The study adopted a quantitative approach; using self-administered questionnaires, distributed in staffs of all commercial banks. In selection of sample, multistage sampling technique was used in first stage, branches of banks were selected on the basis of cluster sampling technique and in second, a total of 706 participants were selected on the bases of convenience sampling technique. Contemplate factors were analyzed through appropriate statistical analyses like exploratory factor analysis. We used factor analysis to analyze the factor items through exploratory factor analysis.