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PERFORMANCE MANAGEMENT & APPRAISAL
Transcript of PERFORMANCE MANAGEMENT & APPRAISAL
ARSA NADEEM (10767)
ANUM NADEEM (10766)
FARAH NAZ (8342)
HUZAIFA NADEEM (9193)
WAQAS AHMAD (9275)
Comparing Performance Management and Performance Appraisal
The process employers use to make sure that employees are working toward organizational goals.
Performance appraisal is “the systematic description of an employee’s strengths and weaknesses.”
MS. AYESHA AMAAN
Who Performs the Appraisal?
MEEZAN BANK LIMITED
NATIONAL BANK OF PAKISTAN
Pakistan’s first and largest Islamic Bank
Commenced operations in 2002, after being issued the first ever Islamic commercial banking license by the State Bank of Pakistan.
A publicly listed company sponsored by leading financial institutions from Pakistan and the Middle East
A retail banking network of 450 branches in 117 cities, making it the 8th largest banking network in Pakistan.
Meezan Bank is the only bank with AA credit rating in the Islamic banking industry in Pakistan.
HR OBJECTIVE OF MEEZAN BANK LIMITED
To be the Employer of First Choice; to attract, retain, reward and respect the human capital of the bank and transform this asset into a winning combination of mutually beneficial relationships among the key stakeholders.
AWARDS & RECOGNITIONS
Objectives are intended to be precise descriptions of what is needed to be achieved in a given time period. They need to be SMART.
Five rating levels ranging from top performer to the non-performer.
Human Resource Department will forward the Appraisal Form and guidelines on the appraisal process to all Branches / Departments for the annual appraisal exercise.
APPRAISAL APPELLATE COMMITTEE
Mandate to facilitate MBL staff for resolution of grievances regarding their appraisal ratings, promotions, increments, and performance bonus allocations.
However, if one of the committee member does not agree then matter shall be brought by Head of HR or to the President & CEO for final decision.
Any decision by the committee or President & CEO will be final.
PERFORMANCE OF BRANCH / UNIT
Overall performance and audit rating
PROMOTION TO HIGHER GRADES
Requirements are received from operating units
Promotion recommendations with reference to the ‘Organogram’ of their unit
PROCEDURE OF PERFORMANCE APPRAISAL AT MEEZAN BANK LIMITED
National Bank of Pakistan is the largest commercial bank operating in Pakistan
An extensive branch network of 1350+ branches in Pakistan and operates in major business center abroad
The Bank's joint ventures are, United National Bank (UK), First Investment Bank and NAFA, an Asset Management Company (a joint venture with NIB Bank & Fullerton Fund Management of Singapore).
AWARDS & RECOGNITIONS
NBP PERFORMANCE MANAGEMENT SYSTEM
NBP is using SAP-HCD system for employees evaluation when Performance based Appraisal system was launched by HRM in NBP
According to this system employees are assigned SMART job goals at the start of the year
Employee evaluation is done by Senior Managers
COMPARISON BETWEEN MEEZAN BANK AND NATIONAL BANK OF PAKISTAN APPRAISAL SYSTEM