The Characteristics Of Performance Management In Bank And Financial Management

PERFORMANCE MANAGEMENT IN BANKS AND FINANCIAL INSTITUTIONS: BANGLADESH PERSPECTIVE

INTRODUCTION:

Performance management is the most important activity of a management 's control function. Performance

Management can be done in a systematic way for the entire organization and it might be done temporarily or for a particular purpose. Each organization has its own distinctive reasons to do performance management.

Organizations usually do performance management to determine things, such as determining the needs of customers and seeing if they are able to fulfill their requests or not; approving their knowledge and accuracy for the activities done and finding out what they do not know; seeing if they are successful generally; making sure that

using multisource rating for administration instead of development

(4) Wrong criteria to evaluate performance management and

(5) Careless implementation with little attention to interpersonal dynamics and psychometric testing.

All in all, performance management reflects a paradigm shift from thinking of performance evaluation as a discrete event to a continuous process (Latham and Mann, 2006).

Specifically, performance management encompasses the entire range of enhancing performance. It includes an approach to creating a shared vision of the organizational goals and objectives, aiding employees to understand and know their part in contributing to them and implementing linkage between performance and reward (Fletcher, 1996).

Overall, performance management aims to (Armstrong, 2006):

• Empower, motivate and reward employees to do their best

• Focus employees’ tasks on the right things and doing them right; align everyone’s individual goals to the goals of the organization

• Proactively manage and resource performance against agreed

Reputation of Exim Bank: The Exim Bank Bangladesh Ltd. has attained reputed company in the Banking industries of Bangladesh and international. Then another Bank as a New corners. The Bank Bangladesh Ltd. Violent growth in the profits and deposits within a few period.

Financial stability: The Exim Bangladesh Ltd. Financial stability is very strong. They have authorized capital is Tk. 100 crore and paid up capital Tk. 62.775 crore. Total capital 140 crore. Total Assets Tk. 2435.57 crore. The employers of Exim Bank Bangladesh Ltd. is very stable business persons in Market such on Nassa Group, Bexine group of industries etc.

Weakness:

Adverting and promotion: The Advertising is more exertiae growing the organization. Marketing police rely indicate on organization future portion. But there are no aggressive marketing activities of Exim Bank Ltd. it important weakness for Exim Bank Ltd. this weakness pushes the bank for behind from the other competitor.

Advertised are –

1. Billboard : There are few Billboard of Exim Bank Ltd. it is not sufficient marketing Activities.

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