An Evaluation of the Impact of Management by Objective Method on Employee Performance

Description

– An Evaluation of the Impact of Management by Objective Method on Employee Performance –

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Abstract

Human resources are the most important and dynamic among all the resources an organisation owns. To retain efficient and experienced workforce in an organisation is very crucial in the overall performance of an organisation. A satisfied employee can help make an organisation more profitable and competitively.

The present study is an attempt to evaluate the impact of management by objective method on employee performance in the banking industry.

The data collected from employees of First Bank Nig. Plc, First City Monument Bank Plc and Guarantee Trust Bank Plc in Ado Ekiti, in all 80 self-administered questionnaires were successfully completed.

Based on the findings the study reveals that in hypothesis one there is a there is significant relationship between management by objective and employee performance, since F calculated as 4.000 is less than F- tabulated as 6.613

and for hypothesis two, there is there is no significant relationship between management by objective and productivity in an organisation, since the F calculated is also 4.000 less than F- tabulated as 2862.

Introduction

1.1 Background of the Study

Management needs a lot of tools to be able to administer effectively in the day running of the business. Management by objective is one of the tools. It is a way of getting improved results in managerial action.

Management by objective can be described as managerial method whereby the superior and the subordinate in an organisation identify major areas of responsibility, in which they will work, set some standards for the good or bad performance and the measurement of results against those standards Derek (2005).

Management by objective is also called management by objectives. However, there have been certain individuals who have long placed emphasis on management by objectives and by so doing have given impetus to its development as a system.

Management by objective referred to a structured management technique of setting goals for any organisational unit.

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