Islamic lifestyle with a focus on health

Islamic lifestyle with a focus on health

Rial Valuation of Employees based on the Valuation Model in the Country's Banking Network

Authors
1 PhD student in Public Administration, South Tehran Branch, Islamic Azad University, Tehran, Iran.
2 Assistant Professor, Department of Public Administration, Faculty of Management and Accounting, Islamic Azad University, Tehran, Iran
3 Assistant Professor, Department of Educational Sciences, Faculty of Educational Sciences and Counseling, Islamic Azad University, Roudhen, Iran.
4 Assistant Professor, Department of Business Management, Faculty of Management and Accounting, Islamic Azad University, Tehran, Iran.
Abstract
Purpose: Today, with the transition from industrial economy to 
knowledge-based economy, the economic value of human power in 
the organization is more evident than ever. The purpose of the 
current research was to evaluate the employees of Pasargad Bank 
Riyal based on the employee evaluation model in the country's 
banking network.
Materials and Methods: The present research was conducted using 
a quantitative approach and descriptive-cross-sectional method. 
Using Cochran's formula and considering the population size of 
1800 people, at the error level of 5%, 320 employees of Pasargad 
Bank were randomly selected and included in the study. In order to 
value the employees, the checklist taken from the employee 
valuation model of the country's banking network was used. This 
checklist includes 4 general components (individual and personality 
components, professional qualifications, social capabilities and 
organizational costs) and 29 sub-components. Rial valuation of 
employees was also based on the annual income of Pasargad Bank.
Findings: Based on the results of the research, the average score 
obtained by the studied employees was 109.38±10.68. The rial value 
of each point in the employee valuation model was estimated at 
56,715,063 rials. Based on the acquired score, 79.4% of the 
employees had good efficiency and 6.3% of the employees had 
average efficiency. A total of 46 key employees (14.3%) were 
identified with very high efficiency.
Conclusion: Based on the results of the present study, most of the 
employees in the Pasargad Bank complex have favorable 
productivity. The officials and decision-makers of this complex can 
lead to the maximum productivity of this financial complex by 
planning to promote employees with average efficiency and 
maintain key employees. 
Keywords