PERFOMANCE APPRASIAL AND EMPLOYEE COMMITMENT IN BANKING INDUSTRY IN BENIN CITY

This study empirically examines the influence of on employee’s commitment in the deposit money banks in Benin City, Edo State. It specific objectives are to examine the influence of performance standard assessment scale performance assessment (rating), job performance feedback and performance based reward on employee commitment in the deposit money banks in Benin City, Edo State. In achieving these objectives, the study adopted the cross sectional survey research design. It specifically makes use of data collected from three hundred and thirty one (331) staff of Deposit Money Banks (MDB) in Benin City, Edo State. Data collected were analyzed with descriptive and Ordinary Least Square (OLS) regression. The study reveals that performance standard assessment scale, actual work performance assessment (rating), and performance based reward have a positive significant influence on employee commitment. However, job performance feedback does not significantly influence employee commitment. Based on these findings, the study recommends that managements of banks in Benin City, Edo State should design performance standard assessment scale that is accurate, fair and satisfactory as well as train rater or assessor on how to use performance standard assessment scale in appraisal employee job performance. Moreover, they ensure employees performance ratings reflect their actual performance and adequately tied career advancement as well as pay or salary increases to performance rating