September 2017, Volume 4, Issue 09 JETIR (ISSN-2349-5162) JETIR1709058 Journal of Emerging Technologies and Innovative Research (JETIR) www.jetir.org 357 AN EMPIRICAL STUDY ON IMPLEMENTATIONS OF PERFORMANCE MANAGEMENT SYSTEM IN PUBLIC AND PRIVATE BANKS OF JODHPUR Ms. Pragati Bhati Rese arch Scholar, Departme nt of Manage me nt Studies Jai Narain Vyas University Jodhpur ______________________________________________________________________ ABSTRACT: This study emphasizes on Performance management system of banking industries both public (BOB & PNB) and private (Axis and ICICI) banks which explored the performance management of employees by their banks and its relative advantages or benefits for employees and banks both. As Performance management is to promote and improve employee effectiveness. It is a continuous process where managers and employees work together to plan, monitor and review an employee's work objectives or goals and his or her overall contribution to the Banks. This study also focuses on the factors for implementation of the performance management system in Banks for the employees. The present study both exploratory and conclusive research methods used. The conclusive research method here is descriptive in nature and the research design is single cross sectional. In this study primary data has been collected through the structured questionnaire method. The research was conducted with the help of a questionnaire measuring the perceptions and acceptability by Banks for the employees. The chosen research design mainly emphasizes on the discovery of ideas and development of insight into the subjects under study. ______________________________________________________________________________________ 1.1 INTRODUCTION In the existing globalised era the ever increasing banks pressure has made it compulsory for business to work effectively, effectively and wisely and employ the best business strategies possible. To maintain in the existing day aggressive world they have to draw in, develop and maintain the most skilled and efficient employees. This improving stress in banks has designed an impounding stress on employees too for their optimal performance. To distinguish themselves from their opponents the organizations are spending improving attention towards the efficiency of their employees that are their “ Human Resources ”. Typically, Performance Appraisals decided the best and the most severe executing employees through ranking and rating program that formed the behavior of banks towards the staff member for the next ranking period. But over a length the focus has moved away from measuring the output of individuals to their contribution in achieving the overall objectives of the banks with their right skills, initiatives and abilities to make an amazing impact on bank performance.