Asian Journal of Management

Supriya Mahajan ¹, Saloni Raheja ²

Affiliations
1 Department of Management, Lovely Professional University, Phagwara, IN
2 Department of Commerce, Lovely Professional University, Phagwara, IN

Abstract

Performance Appraisal Systems one of the important component of human resource management. This component also plays a very important role in the job satisfaction of employee. It is a system which is used to evaluate the performance of an Employee in the organisation. This is the evaluation system on the basis of which employees salary is increased or decreased, their promotion or demotion is done. The organisation may be some institution, company, industry or any firm. This study completely based on the Performance Appraisal System. The main purpose of the study is to measure satisfaction of Employee with Performance Appraisal System and to find out the relationship between Employee satisfaction on Performance Appraisal System with Fairness of the system. The organisation in this study is educational institutes of Jalandhar. The Employees in the study are the faculty members of the educational institutes. A sample of 200 respondents is taken to conduct the study. Correlation technique is used to find out the relationship between Employee satisfaction on Performance Appraisal System with Fairness of the system. The findings show that maximum number of respondents (faculty members) is satisfied with their Performance Appraisal System. The findings also revealed that there is a positive relationship between Employee satisfaction on Performance Appraisal System with Fairness of the system. Some suggestions have been made on the basis of the findings of the study.

Keywords

Performance Appraisal System, Employee Satisfaction, Job Satisfaction, Fairness of the System.

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Saloni Raheja ¹, Babli Dhiman ¹

Affiliations
1 Lovely School of Business, Lovely Professional University, Phagwara, Punjab, IN

Abstract

The present study focuses on the relation between the investor personality traits, behavioral biases and investment decisions. The data was collected from 500 investors who invest through LSE Securities ltd in Punjab by using a structured questionnaire. Multiple Regression test was applied through SPSS to test the significance of relationship among the variables. The study found the relation of investment decisions with personality traits and behavioral biases to be statistically significant. The people preferred to invest in particular investment options according to their need and with certain objective in mind. The individual investor should not always follow where the majority goes. They should try to search about his investments before the investing in market. The people should develop the habit of making investment at any stage of life. The investor should be alert what, where, why, when and how to make investment in different investment options.

Keywords

Behavioral Biases, Investment Decisions, Personality Traits, Multiple Regression, Relationship.

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