Performance appraisal impact on employee job satisfaction with reference to TSSPDCL

Employee satisfaction depends on many external and internal parameters. Also, the performance appraisal system is one of the important elements, which will have a significant impact on job satisfaction. The study considered the primary data of the TSSPDCL employees to identify the performance assessment on employee satisfaction. The study observed that the employees of TSSPDCL were classified into four layers and an annual evaluation system. The study focused mainly on the three components (career planning, financial benefits, and working conditions). The study considered the bivariate correlation to know the components of the performance assessment with employee job satisfaction and found that the working conditions with the moderate relationship but career planning had the negative relationship with job satisfaction. The structure equation model was framed to identify the impact of the performance assessment components on job satisfaction and the result indicated that the financial benefits have a significantly higher impact on the level of job satisfaction of TSSPDCL employees. This paper is useful to the top management of TSSPDCL, employees, academics and research scholars.