Project Report on Performance Appraisal on Banking Industry of Bangladesh

Abstract

This project report is based on ‘Performance Appraisal of Banking Industry in Bangladesh’ in both private and public banks. In order to prepare this report several private and public banks of our country have been visited and a survey has been organized that gave an opportunity to gather practical experience. Performance Appraisal in banking industry initiates specified job analysis, description and planning of employee performance that includes KPI (Key Performance Indicator) and KRA (Key Result Area). This system aids to identify the right people in the right place through conducting an appropriate selection and recruitment process. It is a policy established to fill up the job specifications to relate between the benchmark of measuring job performance that results in a greater output than the previous outcomes and continue thereafter. An effective performance appraisal process enhances appropriate steps to improve ongoing mentoring and coaching for betterment of performance within a particular span of time (quarterly, semi-annually or annually).It also helps to undermine proper training and development needs to receive certain outcomes and enhance career development for employees. It allows analysis and evaluation to compare employee performances and appraise based on the performance strategy. It is a guideline for managers or supervisors to supervise their subordinates ensuring accurate results through employee performance which correspond company goals and objectives to achieve advantage in the industry over other competitors.