Human Resource Management practices: A study on “Performance Management System of eGeneration"

Abstract

I have discussed eGeneration's present condition and HR actions in this report. I have also discussed some of the issues they may address to improve the HR department and their performance management system. They can increase the value of the company as a whole by improving these concerns. This report is based on my three months of the practical learning experience at eGeneration. This internship program enlightened me about the practical aspects of operating a company. eGeneration Ltd. is one of Bangladesh's leading IT consulting and software solutions firms. The IPO of eGeneration will be the first for software technology enterprises in Bangladesh. Most importantly, the main intention was to conduct research on the performance management system which is one of the pivotal factors behind the declining success rate or the productivity rate of the tech industries in Bangladesh. The main goal was to conduct study on the performance management system, which is one of the major elements contributing to Bangladesh's deteriorating success or productivity rate in the tech sector. As a result, as a member of this industry, eGeneration faces comparable issues. As a result, this study attempts to represent the major characteristics connected with or causing inefficient performance management systems, as well as the HRM practices that eGeneration employs to address the issue. Bangladesh has an organized and rigorous performance management system in place, which helps to the professionalism of the business. They use their own database information to assess performance at the end of the year. The three elements of eGeneration's performance management system are goal setting/KPI, mid-year talk, and year-end review. Determine the roles of employees by consulting with their line supervisors. The management makes use of the employee's evaluation data from the previous year. Weight is used to set the goals. The purpose of this research is to learn more about their performance management system and HR operations. The report, in my opinion, also provides recommendations and findings that could help the department and the organization expand more effectively.