PERFORMANCE APPRAISAL AS A TOOL FOR ENHANCING ORGANIZATIONAL PRODUCTIVITY (A STUDY OF GREAT NIGERIA INSURANCE PLC)

Abstract

The importance of performance appraisal in enhancing organisational productivity cannot be over emphasized. The current study examined performance appraisal as a tool for enhancing organisational productivity in GNI Great Nigeria Insurance PLC. The study adopted survey research design. The population of the study comprises of all the 101 employees of GNI Great Nigeria Insurance PLC. Data were collected from these employees through the use of structured questionnaire which was administered through online Google survey platform. Data generated was analyzed with the aid of SPSS version23. Sociodemographic and other variable were analyzed and presented descriptively. Test of hypotheses were conducted through multiple regression and correlation. The findings of the study revealed a significant positive relationship between regularity of performance appraisal and organisational productivity (p=0.034, r=0.217), and also, significant positive correlation between performance appraisal and organisational productivity (p=0.019, r=0.240) at GNI. Conversely, the study found hypothetical nonsignificant positive correlation (p=0.077, r= 0.183) between implementation of performance appraisal and organisational productivity. Finally, the study found significant positive relationship (p=0.011, r=0.259) between performance feedback and organisational productivity. The study therefore recommends regular appraisal should be conducted biannually or annually with the purpose of the appraisal well-communicated to the appraised.