An Analysis of Employees Performance Appraisal Techniques of Khan Accessories and Packaging Company Limited

Abstract

Performance evaluation, performance assessment, performance measurement, and employee reviews have all been used interchangeably with performance appraisal. Staff assessment, personnel evaluation, staff review, and service score, etc. The evolution of performance evaluation has four separate stages. TEAM stands for Technical, The method of Extended, Appraisal, and Maintenance. Evaluating performance involves looking back at previous work. Honoring prior achievements and establishing future objectives employee growth and performance. The method for employee appraisals might be seen as one of the measures of human resource quality Organizational management. Suitably crafted and the actualized employee assessment process is not just the essential foundation for effective employee performance management, but moreover offers useful data for additional responsibilities of human resource management. The significance of Performance Appraisal lies in its ability to facilitate employee training and development decisions, validate the selection process, and provide performance feedback. Promotions and Transfers, Decisions Regarding Layoffs, Remuneration Decisions, Career, and Human Resource Planning (HRP) growth and the development of interpersonal relationships. Certain methods that were once employed are no longer in use. Such as rating, significant moment, and narrative in the present papers. Throughout the working day, a lot of fresh advancement. It has been recommended to use roadways for performance evaluation. Approach such as MBO, BARS, Assessment Centers, and Human Resource Accounting: 360- and 720-degree programs. The most widely used management strategy nowadays is to maximize employee performance and leverage their knowledge and abilities to forward company objectives. An employee's work performance is recorded and assessed through a performance assessment (PA), also known as a performance review, performance evaluation, (career) development conversation, or employee appraisal. Performance appraisals, which are a component of career development, involve routine evaluations of employees' work performance in businesses. It is a process that continuously detects, assesses, and improves staff performance inside the organization. Each person has a unique set of skills and attitudes. When two different persons work on the same task, there will always be some variation in the quality and output. Therefore, performance management and performance assessment are essential to comprehending each employee's skills, knowledge, and value to the company. KAPCO has a long history in the RMG sector of Bangladesh, having been formed in 1989 and running a successful company for over 33 years. They provide one 2 ©Daffodil International University of their most complete selections of packaging goods, services, and garment trimmings. All of the international quality requirements are met by their goods. These are a 100% export-focused manufacturer of garment trimmings and packaging and are situated in Tongi BSCIC Industries Estate, Gazipur, and the most significant RMG center close to the capital. They are dedicated to protecting the environment; hence they have a biologically Effluent Treatment Plant. Our ability to create products and facilities that best meet the needs of their cherished customers has been made possible by their significant industry expertise. Additionally, they provide lower pricing, quicker lead times, and tailored service to meet the needs of a sophisticated RMG supply chain. In order to ensure prompt delivery and the quickest response to their satisfied consumers from the moment of order placement to delivery and beyond, each of their goods has a specialized IP (Integrated Planning) a group that serves as a connection among their client relations and production. Due to this company's considerable industry expertise, they have been able to learn new skills and develop goods and services that perfectly fit its valued customers. They provide flexibility, competitiveness, and shorter lead times to satisfy RMG Industry's needs. They specialize that we work closely with our customers to understand their needs, create services appropriately, and link them as a major supply partner, assisting them in accomplishing their vision. Their staff is made up of a lot of young, dynamic, and brilliant future leaders. Performance evaluation methodologies have evolved into the foundation of every firm, but especially in highly competitive sectors like the accessories and packaging industry, the RMG sector, etc.