Performance appraisal in banks in Singapore

Abstract

This final year report presents a survey of the performance appraisal practices in banks in Singapore. The report incorporates the findings from a survey on twenty-six banks and discusses the results in the light of literature reviewed on this topic. The survey touched on areas such as the purpose of the performance appraisal as well as the types of performance appraisal techniques used. The results show that most of the practices and attitudes of appraisers such as managers and human resource managers for the banks surveyed do not differ significantly from those found in the literature. Given the recent interest in performance reward schemes in both the public and private sectors, performance appraisal practice in Singapore is thus timely.