Performance Management & Appraisal Methods of BEXIMCO Textiles Ltd. During COVID-19

Lipi, Farzana Akter

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Performance Management & Appraisal Methods of BEXIMCO Textiles Ltd. During COVID-19

Lipi, Farzana Akter

URI: http://dspace.daffodilvarsity.edu.bd:8080/handle/123456789/5241

Date: 2020-11-24

Abstract:

BEXIMCO group is one of the largest private industrial enterprise. It’s a member of BEXIMCO Group that started its journey in March 1985. It is a 100% export-oriented garments industry. From 1995, BEXIMCO Textiles Ltd. export its products in different countries all around the world. It maintains the best employee management communication and relationship enduring by the Internationally recognized and certified standards of compliance. I got the opportunity to co-operate with them virtually and by interview for my internship report. This report is focused on the performance management and appraisal methods that BEXIMCO Textiles Ltd. follows in their organization. In this internship period, I learned a lot about the organization and its management. The performance management system BEXIMCO Textiles is well organized. Their target is to fulfil the goals of organization ensuring the necessary measures during the pandemic so that their employees remain safe. I have also learned the way they monitor and control their employees during this pandemic situation. I also came to about their many functions including, Motivation and Compensation, Decision effectiveness, Reward system, performance improvement, performance feedback and many others. Their working environment maintains hygiene during this pandemic situation. And they also taken many measures for the employees, so that they work properly during this pandemic situation. The performance team of BEXIMCO Apparels ensures the continuous improvement of the structure and evaluation of the employees. It also works to increase the progression of the organization. After working, I came up with some limitations of the performance management system and tried to provide some solutions and suggestions to those.

Description:

This is an internship report based on Performance Management and Appraisal of garments industry during the pandemic situation of Covid-19. The report is based on BEXIMCO Textiles Ltd. I find myself thinking a lot more all the time that I am going to be able to create an internship report about BEXIMCO Textile Limited. On the other hand, I have been unable to complete my internship report with BEXIMCO Textile Limited due to coronavirus. So, to create my internship report I had to take help from BEXIMCO Company's website with their articles from different magazines and from different parts of the newspaper with ideas about their company. So, I am trying to complete the internship report based on the data I have been able to collect based on the secondary information about BEXIMCO Textiles Ltd. and my internship report. During this internship period I identified, how performance management encourages to understand the management system of organization between the managers and employers. Performance Management can identify and develop the of the performance of human resource in the organization. On the other hand, appraisal can evaluate the performance of the human resources and rate and give feedback. This helps to understand the progress of the organization and bring development in the organization. Performance Management is a very important to boost the employee engagement and productivity. When employee stay more attentive to their work, it increases the overall productivity of the organization. Engaged employees gives the organization more benefits. They stay longer and involve actively to the work. Its helps to increase the employee involvement in the organization. Again, it also helps to develop skills and competency of the employee. This is also help to understand the dedication of the employee towards the organization. Performance Management also ensures weather management is dropping off due to the lack of employee involvement. It also increases the improves the internal communication of the organization. Proper plans and strategies can be brought up from the employees for the betterment of the organization in order to achieve the goals and objectives of the organization. Performance Appraisal is the review of the employee’s performance. It helps to evaluate the employee’s performance in the organization. Appraisals provide the opportunity to recognize and reward employees to ensure that they feel valued and satisfied for the job that they perform. This motivates the employee to work hard in order to get rewarded. As a result, the organization gets more efficient and dedicated employees.

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