Performance management system

Abstract

The Performance Management System is a process of setting destinations, building arrangements to attain the goals and ideal outcomes. Rewards and acknowledgement are the end phase of this process. Organizations utilize this framework to evaluate the demonstration of an individual, a group, a capacity and afterward the association as a collective force. In this project, the entire implementation framework is represented for the organization RANGS Motors Limited. Rangs Motors Limited started its journey in Bangladesh in the year 1998. In this note, the vision, mission and values, targets and action plans are mentioned. Rangs Motors Limited has a robust HR department which is working in accordance with the techniques of the association and working with the point of accomplishing the crucial vision of the organization. Rangs Motors Limited has mainly three divisions in HR department and these are – HR development, HR services and administration. Performance evaluation system takes place under the HR department. A survey is conducted at corporate office of Rangs Motors Limited to evaluate the appraisal system.