Performance Appraisal of Beximco Textiles Ltd.
CHAPTER-1
1.0
INTRODUCTION
There is no doubt that the world of working as we know it is rapidly changing. Even at little as fifteen years ago, the times were calmer than they are today. But that doesn‟t mean that we didn‟t experience change back then. As part of an organization then, HRM must be prepared to deal with the effects of the changing word of work. For them, this means understanding the implication of globalization, technology changes, work-force diversity, changing skill requirements, continuous improvement initiative, and employee involvement. Human Resource Management is highly valued in today‟s world of rapid growing and expansion where coping up with the fast changing surroundings is unavoidable. Organization having a dream of delivering the best in their selected area along with getting the optimum return cannot visualize their roadmap without valuing their own people. This valuation takes place with the proper implementation of HRM. There are many aspects of HRM and our concerned one is „Performance Appraisal”. We have studied and observed the “Performance Appraisal” process of BEXIMCO TEXTILES LTD. one of the well-known & biggest textiles of Bangladesh. We tried to know how they made “Performance Appraisal” for their Executives. To compete effectively the organization must understand: 1 What is needed for making “Performance Appraisal” 2. Who are the major Rectors. 3. What method they apply for preparing “Performance Appraisal” sheet 3. What are the limitations.
1
1.1
Purpose of the Report
The main purpose of this report is to find out the HRM practice in the organizations of Bangladesh in the aspect of “Performance Appraisal” . Main Objectives of the Report The main objectives of the study are: • To analyze the “Performance Appraisal” procedure of Beximco Textiles Ltd. • To make a comparison between the theories and their application in real life. • To fulfill the MBA course requirement of the Manpower Planning & Personnel
1.0
INTRODUCTION
There is no doubt that the world of working as we know it is rapidly changing. Even at little as fifteen years ago, the times were calmer than they are today. But that doesn‟t mean that we didn‟t experience change back then. As part of an organization then, HRM must be prepared to deal with the effects of the changing word of work. For them, this means understanding the implication of globalization, technology changes, work-force diversity, changing skill requirements, continuous improvement initiative, and employee involvement. Human Resource Management is highly valued in today‟s world of rapid growing and expansion where coping up with the fast changing surroundings is unavoidable. Organization having a dream of delivering the best in their selected area along with getting the optimum return cannot visualize their roadmap without valuing their own people. This valuation takes place with the proper implementation of HRM. There are many aspects of HRM and our concerned one is „Performance Appraisal”. We have studied and observed the “Performance Appraisal” process of BEXIMCO TEXTILES LTD. one of the well-known & biggest textiles of Bangladesh. We tried to know how they made “Performance Appraisal” for their Executives. To compete effectively the organization must understand: 1 What is needed for making “Performance Appraisal” 2. Who are the major Rectors. 3. What method they apply for preparing “Performance Appraisal” sheet 3. What are the limitations.
1
1.1
Purpose of the Report
The main purpose of this report is to find out the HRM practice in the organizations of Bangladesh in the aspect of “Performance Appraisal” . Main Objectives of the Report The main objectives of the study are: • To analyze the “Performance Appraisal” procedure of Beximco Textiles Ltd. • To make a comparison between the theories and their application in real life. • To fulfill the MBA course requirement of the Manpower Planning & Personnel
References: 1) AHAMED ALI ASSISTANT PROFESSOR Department of Management Govt. Ashek Mahmud College, Jamalpur ABDULLAH- AL –MAMUN Lecturer Department of Management Govt. Ashek Mahmud College, Jamalpur 2) 3) DHRITI SUNDAR BANIL ASSOCIATE PROFESSOR Department of Management Govt. Ashek Mahmud College, Jamalpur ANWAR H OSSAIN Lecturer Department of Management Govt. Ashek Mahmud College, Jamalpur 4) 5) Web : www.bextex.net 23