Hrm Aspects

In: Business and Management

Submitted By Deshani
Words 2052
Pages 9
Analyze the Performance Evaluation Practices, Compensation and Reward Practices of Merchant Credit of Sri Lanka Ltd | Human Resources Management | Group Assignment March 13, 2011 |

ANURUDDHA M W R BSC-I14-011 10113704
MENDIS A D M BSC-I14-096 10295313
KUMARAGE L K N S BSC-I14- 087 10296549
LIYANAGE K L C BSC-I14- 090 10295615
RABEL T D BSC-I14-126 10296662
SUBASINGHE D P M BSC-I14-156 10296441
WIJERATNE D D BSC-114-185 10295674

National Institute of Business Management
Colombo 07
What is Performance Management?
Performance Management is the systematic process by which an organization involves employees in improving organizational effectiveness in the accomplishment of organization’s goals and objectives. In other words, performance management is a strategic approach to managing the business. Its aim is to improve organizational effectiveness and add value by enhancing existing capabilities and building new ones. It is largely concerned with the continuous development of the organization’s broad strategic capabilities and the specific capabilities of individuals and teams. It is a strategic in the sense that it deals with: * The broader issues that the business has to face in its changing environment. * The general direction in which the business intends to go to achieve long term goals.
Introduction of Merchant Credit of Sri Lanka (MCSL)
Merchant Credit of Sri Lanka (PVT) Ltd is basically a finance company which is own by two leading financial institutions, Bank of Ceylon and Merchant Bank of Sri Lanka. MCSL was established in 30 Nov 1983, company is engaged in the business activities like, * * Finance Leasing * Hire purchase * Loans

Those are the main source of income supported leading activities in the company. Apart from that they use to issue…...

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