Performance Appraisal of Beximco Textiles Ltd.

Topics: Human resource management, Performance appraisal, 360-degree feedback Pages: 19 (5485 words) Published: April 9, 2013



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.



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 Policy.



Way of collect the Information

We have used both primary and secondary source of data to collect all the information. Primary source of Data Collections are: • The views and opinion expressed by the HR management of the Beximco Textiles Ltd. Secondary Sources of Data Collections are: • HRM manual of Beximco Textiles Ltd. • Annual report of Beximco Textiles Ltd. • Website of Beximco Textiles Ltd.





Since the inception, Beximco Group became the pioneer of head hunting for all of their Fields and successfully accumulated the best talents from within the country as well as from abroad and could make an excellent environment to flourish their qualities and capabilities by utilizing their capacities in the process of manufacturing, maintenance and of course in the management in broad. The human resources engaged in Beximco Group are getting the best value of their potentials and never look anywhere other than significantly contributing their highest efforts for the continuous development of the company.

The ideal management of human resources in Beximco Textiles ensured nurturing of the potentials of these talents through working in an environment having the state of the art production facilities and getting the satisfaction of job and reward, On the other hand the company, employer of the highest number of professional including the MBAs, CAs, CMAs, experts having the doctors of philosophy (PhDs) has the proud to be the largest employer of the country and has the strength of making things simply possible which is always being difficult for the competitors and 'impossible' to the others. Beximco Textiles Limited a company of continuously maintaining the best employeemanagement communication & relationship abiding by the Internationally recognized and certified standard of compliance has ensured not only recruiting the best manpower but also has the record of retaining them...
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