Complete Askari Bank and Bak Alfalah Report

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FEDERAL URDU UNIVERSITY OF ARTS, SCIENCE & TECHNOLOGY
DATE OF SUBMISSION:

12
APRIL
2012
Report Of Performance Appraisal Of Askari Bank And Bank Alfalah Subject: Performance Appraisal
SUBMITTED TO: Miss Afshan Sehar
GROUP MEMBERS:
* SANA RAZZAK BARI ( 25-B)
* SYEDA FATIMA NAFEES KAZMI (43-B)
* ANUM FIRASAT ( 14- A)
PERFORMANCE APPRAISAL

TABLE OF CONTENT
Introduction of Askari Bank| 05|
* Vision| 05|
* Mission| 06|
* Objectives| 06|
* Organogram| 07|
* Service| 09|
Human Resource| 09|
Recuitment| 10 -11|
Selection| 12|
Hiring process| 13|
Training and development| 15|
Performance management| 16|
* Performance appraisal| 16|
* Importance| 16|
* Methods| 17|
1. Essay evaluation| 17-18|
2. Critical incident| 18-20|
3. Advantages and disadvantages| 20|
4. Process| 21|
Motivation| 21|
RewardsIntroduction of Bank Alfalah| 21-24|
* Vision| 27|
* Mission| 27|
* Management| 28|
* Organogram| 29|
Department| 30|
Human resouce management| 30|
Recruitment| 30-32|
Types of recuitment| 32-35|
Performance appraisal system| 35|
* Appraisal methods| 36|
* Rating scale| 36-40|
* Essay evaluation| 40-41|
* Advantages and disadvantages| 37|
* Performance standards| 41|
Pay plans and incentives in Bank Alfalah| 42-43|
Employee benefits| 43-45|
conclusion| 46|

INTRODUCTION AND BACKGROUND OF THE ORGANIZATION
Incorporated in Pakistan on October 9, 1991, Askari Bank Ltd commenced its operations in April 1992, as a Public Limited Company, and has since expanded into a nation-wide presence of 49 branches, supported by a network of online ATMs. The Bank is listed on Karachi, Lahore & Islamabad Stock Exchanges and the initial public offering was over-subscribed 16 times. While capturing the largest market share amongst the new banks, Askari Bank Ltd has provided good value to its shareholders. Their share price has remained approximately 12% higher than the average share price of quoted banks during the last four years. Askari Bank Ltd is principally engaged in the business of banking as defined in the Banking Companies Ordinance, 1962. As at December 31, 2002, the Bank had total assets of Pak Rupees 70.313 billion, with over 250,000 banking customers. Askari Bank is the only bank with its operational Head Office in twin cities of Rawalpindi & Islamabad, because Askari Bank Ltd is directly operated by Pak Army, which has relatively limited opportunities as compared to Karachi and Lahore. This created its own challenges and opportunities, and forced them to evolve an outward-looking strategy in terms of our market emphasis. As a result, they developed a geographically diversified assets base instead of a concentration and heavy reliance on business in major commercial centers of Karachi and Lahore, where most other banks have their operational Head Offices. VISION OF THE ASKARI BANK LTD

To be the bank of first choice in the region

MISSION STATEMENT OF THE ASKARI BANK LTD

Leading private sector bank in Pakistan with an international presence, delivering quality services through innovative technology and effective human resource management in a modern and progressive organization culture of meritocracy, maintaining high ethical and professional standards, while providing enhanced value to all our s stake-holders, and contributing to society.

OBJECTIVES OF ASKARI BANK

The following are the outlined objectives of the Askari bank limited.

* To build & sustain a high performance culture, with a continuous improvement focus.

* To develop a customer-service oriented culture with special emphasis on customer care and convenience

* To build an enabling environment, where employees are motivated tocontribute to their full potential.

* To effectively manage and...
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