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

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.

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.

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.

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.