Every company has its own vision and mission. Achieving of its vision and mission is primarily depends on the performance of the employees. If the employees are not dedicated to their works, they will not achieve company’s mission as well as its vision. It is the duty of the Human Resource department in a company to measure the performance of the employees and based on their performance appraisal report and considering the need of the organization assigning employees with different training and development programs so that the employees can develop their skills as well as contribute in the development of the organization. As a result, the organization can achieve its goal from their employees. This performance appraisal and training program has great impact on financial institution to achieve its targeted profit and competitive advantage. As a part of our BBA Program, our Human Resource Management Course Instructor Mr. Faisol Chowdhury assigned us to prepare a report on the employee performance measurement in an organization, the training and development program offered in an organization and the benefit the organization gets from these training and development programs. We have selected our report topic as, “Performance appraisal, training and development programs and its benefits in AL-Arafah Islami Bank LTD”.
1.2 Background of the Company:
Al-Arafah Islami Bank Limited is a scheduled commercial bank. With the objective of achieving success here & hereafter by pursuing the way directed by Allah and the path shown by His Rasul (SM), Al Arafah Islami Bank Ltd was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh with the primary objective to carry on all kinds of banking business in Bangladesh. The Bank is listed with Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited in 1998. For the purpose of maintaining boost modern management, advanced technology, good profitability and steady growth transparency Al-Arafah Islami Bank started its journey in 1995 with the said principles in mind and to introduce a modern banking system based on Al-Quran and Sunnah. A group of established, dedicated and pious personalities of Bangladesh are the architects and directors of the Bank. Among them a noted Islamic scholar, economist, writer and ex-bureau craft of Bangladesh government Mr. A.Z.M. Shamsul Alam is the founder Chairman of the bank. His progressive leadership and continuous inspiration provided a boost for the bank in getting a foothold in the financial market of Bangladesh. A group of 26 dedicated and noted Islamic personalities of Bangladesh are the member of executive committee of the bank. MR. Badiur Rahman and MR. Ekramul Hoque are the existing chairman and the managing director of the bank. Now AIBL is one of the top ranked banks in Bangladesh. Recently it has introduced its 100th branch milestone by opening its 100th branch in Teknaf, Cox’s Bazar.(AIBL annual Report, 2011) Vision:
• To be a pioneer in Islamic Banking in Bangladesh and contribute significantly to the growth of the national economy.
• Achieving the satisfaction of Almighty Allah both here & hereafter. • Proliferation of Shariah Based Banking Practices.
• Fast and efficient customer service.
• Quality financial services adopting the latest technology. • Maintaining high standard of business ethics and competitive return on shareholders' equity. • Firm commitment to the growth of national economy.
• Innovative banking at a competitive price.
• Attract and retain quality human resources.
• Balance growth.
1.3 Objective of this report:
We have prepared this repost based on two purposes:
• To provide detailed information about the performance appraisal process of AL-Arafah Islami Bank LTD
References: Al-Arafah Islami Bank Ltd., 2012, Employees’ Service Rules 2009
Al-Arfah Islami Bank Training and Research Academy, 2012, AIBTRA training & workshops 2011
AI-Arafah Islami Bank Ltd., 2012, Annual Performance Report 2011
Al-Arafah Islam Bank Ltd.., 2012, Company Overview, [online] Retrieved December 13, 2012 ,
from , http:// http://www.al-arafahbank.com/
Dessler, G. & Varkkey, B., 2012, Human resource Management, Pearson, India
Wikipedia, 2012, Performance evaluation, Potential benefits of PA, [online], Retrieved
December 13, 2012 , from http://en.wikipedia.org/wiki/Performance_appraisal
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