In terms of growth, output, and employment, the hotel and tourism sector are among the strongest in the world. In order to prepare students for entering the hospitality and tourism business, certain competences are taught and applied in class. For all students enrolled in the Hospitality and Tourism Industry Program at Our Lady of Fatima University, the On-the-Job Training Program is a subject requirement to translate these learned lessons to actual skills. Data indicates that the institution experiences significant turnover with poor turnout, despite one of the universities& goals being for the students to be hired by their agency after OJT. In order to identify the competencies that should be added in the next OJT Assessment tool as well as other potential assessment methods from the point-of-view of the student in order for the university to have a more successful training program, the researchers decided to conduct this research, which is titled OLFU BSHM and BSTM Students On-The-Job Training Performance Self Evaluation and Analysis: Basis for Developing a Competency-Based On-The-Job Training Assessment Tool. Two hundred and fifty students from the five branches of Our Lady of Fatima University who were enrolled in the Bachelor of Science in Hospitality Management and Bachelor of Science in Tourism Management programs and had already completed their OJT program participated in the research using qualitative descriptive research design. The researchers were able to thoroughly understand the competencies to be included in developing a competency-based on-the-job training assessment tool according to functional skills, interpersonal skills, and self-management skills by using a self-made survey questionnaire to collect initial and supplementary data from the target respondents. Results revealed that most students gave their performance an overall rating of 3 to 4 on a scale of 1 to 4, with 1 being the lowest and 4 being the highest based on their work attitudes, functional effectiveness, and interpersonal skills, they evaluated their performance. The results demonstrated that the students had the academic knowledge necessary to complete the task; however, the work attitude and interpersonal skills received 1s and 2s.In light of these findings, the students recommended that more interpersonal skills be evaluated during their OJT, including but not limited to: Communicate effectively with supervisors, co-workers, and the like; using English; Adapt to work conditions and show commitment to work and to the needs of the establishment; Converse in English at a basic operational level; Display honesty and punctuality at work; and Display organize, resourcefulness, and systematic at work. Students also highlighted that in addition to the current OJT evaluation tool, additional assessment methods, including but not limited to demonstration with oral questioning and interview with oral questioning.