...Chapter-3 Human Resource Policy & practice of IFIC Bank Limited 3.1 ACTIVITIES OF HRM: HRM has a significant role in today IFIC Bank and must be forward thinking. They must take the lead in assisting good achievement with the "people" component of the organization: Under the guidance of HRM, employees of an organization can assist it in gaining and maintaining a competitive advantage. Attracting and maintaining such employees require: HRM of IFIC Bank to have policies and practices that such employees desire. HRM of IFIC Bank will also recommend and implement changes regarding where necessary. Human resource management has its focus mainly on balancing the needs, goals, objectives and values of both employers and employees. Polices form rules of conduct and they should be based on the following principles: Putting right man in the right place by a careful program of selection procedure and placement to make sure that the new recruit is physically, mentally and psychologically fit for the job to be performed. This is needed for the new employee to develop and grow. Training the new recruits for developing technical competence to-perform so that they can discharge their duties and responsibilities efficiently. Transforming the organization into a coordinated entity of different departments permitting reduction of interpersonal and interdepartmental function and conflicts. Ensuring employee security with opportunity...
Words: 5150 - Pages: 21
...HRM practices) | | 2.1 | Selection & recruiting process | | 2.2 | Training & Development | | 2.3 | Performance appraisal method | | 2.4 | Compensation & benefits provided | | 3 | Concluding part | | 3.1 | Problem found | | 3.2 | Your suggestions | | 3.3 | Conclusion | | 1 INTRODUCTION IFIC Profile International Finance Investment and Commerce Bank Limited (IFIC Bank) is banking company incorporated in the People’s Republic of Bangladesh with limited liability. It was set up at the instance of the Government in 1976 as a joint venture between the Government of Bangladesh and sponsors in the private sector with the objective of working as a finance company within the country and setting up joint venture banks/financial institutions aboard. In 1983 when the Government allowed banks in the private sector, IFIC was converted into a full fledged commercial bank. The Government of the People’s Republic of Bangladesh now holds 32.75% of the share capital of the Bank. Directors and Sponsors having vast experience in the field of trade and commerce own 11.31% of the share capital and the rest is held by the general public. 1.1 Bank's Mission Our Mission is to provide service to our clients with the help of a skilled and dedicated workforce whose creative talents, innovative actions and competitive edge make our position unique in giving quality service to all institutions and individuals that we care for. 1.2 Bank's Vision At IFIC, we...
Words: 1616 - Pages: 7
...Hrm Practices in Dhaka Bank Limited In: Business and Management Hrm Practices in Dhaka Bank Limited TABLE OF CONTENTS Executive Summary Prefatory Origin of Bank Definition of Bank History of Banking in Bangladesh History of Private Banks in Bangladesh Current Structure of Banks in Bangladesh Introduction Origin of the Report Objectives Scope Rationale of the study Methodology Limitations Literature Review Organization Overview DBL Background Nature of Business Shariah Council of the bank Vision Mission Core Values Objective of EXIM Bank as a shariah basedIslamic Bank Strategic objectives of DBL Customer charter _____________________________________26 _____________________________________26 _____________________________________27 _____________________________________05 _____________________________________07 _____________________________________08 _____________________________________08 _____________________________________09 _____________________________________11 _____________________________________13 _____________________________________17 _____________________________________18 _____________________________________19 _____________________________________19 _____________________________________20 _____________________________________20 _____________________________________21 _____________________________________21 _____________________________________23 _____________________________________24 _____________________________________25 _____________________________________25...
Words: 377 - Pages: 2
...tation Compensation Policy Bd Telecommunication Rukana.Ppt Course No: EHRM-521 Course Title: Compensation Management Prepared for Abu Sayef Md. Muntaquimul Bari Chowdhuri Lecturer, Department of Management Studies Faculty of Business Studies Jahagirnagor University Prepared By: Md. Abu Rukana (Std. ID: 2011 3 122 ) Md. Hemayetul Islam (Std. ID: 2011 3 022) Mohammad Khalilur Rahman(Std. ID: 20122394) Ziasmin Akter (Std. ID: 20113286) Content…….. 1. 2. 3. 4. 5. 6. 7. Synopsis of mobile operator in BD Robi Banglalink Citycell Findings Recommendation Q/A Mobile Phone Subscribers in Bangladesh Operators Grameen Phone Ltd. (GP) Active Subscribers(Million) 39.293 Orascom Telecom Bangladesh Limited (Banglalink) 25.490 Robi Axiata Limited (Robi) Airtel Bangladesh Limited (Airtel) Pacific Bangladesh Telecom Limited (Citycell) Teletalk Bangladesh Ltd. (Teletalk) Total 19.211 6.734 1.699 1.358 93.788 Source: BRTA Website Company Overview ROBI… Axiata (Bangladesh) Limited is a dynamic and leading countrywide GSM communication solution provider It is a joint venture company between Axiata Group Berhad, Malaysia and NTT DOCOMO INC, Japan. Company Overview ROBI Cont. On 28th March, 2010 the company started its new journey with the brand name Robi. It has the widest International Roaming coverage in Bangladesh connecting 553 operators across 207 countries. Compensation plan of ROBI Salary & Benefit Monthly salary is transferred...
Words: 484 - Pages: 2
...STRATEGIC HUMAN RESOURCE MANAGEMENT A STUDY AND ANALYSIS ON THE BANKING SECTOR OF KHULNA ABOUT EMPLEMENTING STRATEGIC HUMAN RESOURCE MANAGEMENT Date of Submission: 02 August, 2009 Abstract The connection between human resources and performance in firms in the private sector is well documented. What is less clear is whether the move towards managerialism that has taken place within the banking sector in Bangladesh, more preciously on Khulna. The research begins with a review of the literature. In particular the conceptual thinking surrounding the connection between HRM and performance within private banks is explored. HRM plays a part in influencing the direction and shape of the devolving strategy. With business strategy, it might be that strategic HRM is seen as contributing to strategic choice within the organization by either maintaining feasibility or producing a sustained advantage. So, strategic HRM emphasizes the need for Human Resource (HR) plans and strategies to be formulated within the context of overall organizational strategies and objectives, and to be responsive to the changing nature of the organization’s external environment. Introduction In today’s world, bank is one of most essential organization for the society. Any financial agreement or involvement cannot take place without the participation of banks. So without any argument, it can be acknowledged that banks are playing a very important role in the social economy. As the banks are playing...
Words: 3409 - Pages: 14
...Term Paper Report on “Recruitment Process of IFIC Bank Ltd.” Supervised By senior Lecturer ZIAUR RAHMAN , MANAGEMENT DEPARTMENT of Business Administration MOULVIBAZER COLLEGE (NATIONAL UNIVERSITY) Submitted By MD.RAJU MIAH NO. BBA1537251 Major in Management Date of Submission: Student’s Declaration I am MD.RAJU MIAH, bearing ID1537251 BBA student of BBA program of National University of Bangladesh, Major in Management; do hereby declare that the internship report titled ‘ RECRUITMENT PROCESS OF IFIC BANK LTD.’ . The assigned work is done by me for partial fulfillment of my BBA degree, as a part of academic curriculum. It has not been submitted by me before for any other degree The process of finding and hiring the best-qualifiedcandidate (from within or outside of an organization) for ajob opening, in a timely and cost effective manner. The recruitment process includes analyzing the requirements of a job, attracting employees to that job, screening and selecting applicants, hiring, and integrating the newemployee to the organization. . At the strategic level it may involve the development of an employer brand which includes an 'employee offering'. The stages of the recruitment process include: job analysis and developing a person specification; the sourcing of candidates by networking, advertising, or other search methods; matching candidates to job requirements and...
Words: 2774 - Pages: 12
...advice, continuous inspiration and constructive criticism she helped us to carry out this report successfully. We would also like to thank the data manager of Bangladesh bank, officers of state bank of India for their cooperation , our gratitude to the Commercial Banks for whom we were assigned and Dhaka Stock Exchange library that helped us to gather all the necessary information. Finally, we would like to thank to all the group members that directly or indirectly helped us to provide and accumulate all the necessary information for the accomplishment of this assignment. Introduction Abstract The report started to take place in a Management of Commercial Bank (FIN 380) class when our course instructor said that submitting a report is mandatory or else the course will remain incomplete this report is to find out the Effect of capital, Liquidity & Credit Risk on Profitability. So to find out the correlation we used statistical formula based on which we compel to get the correlation. The foundation or cause of making this report is to identify the changes may happen in a banks’ profitability in case of making any change in the equity capital, liquidity or credit risk. So at the end of this report we will be able to conclude that is there any effect in a banks’ profitability in cause of the changes of capital, liquidity or credit risk. Objective of the study The general objective of preparing this report is to fulfill...
Words: 2948 - Pages: 12
...Uttara Bank is one of the largest and oldest private sector commercial bank in Bangladesh, with years of experience. Adaptation of modern technology both in terms of equipment and banking practice ensures efficient service to clients. Bank not only oldest private banks but also surpassed almost all banks in terms of overall growth and profit. Stability of the financial institute in terms of growth, profitability and management is desirable for up-gradation of bank’s image in the market. Security of the deposit maintained i.e. the level of efficiency and effectiveness of the investment portfolio of the bank, as the deposit maintained is used for investment portfolio of the bank, direct relationship over the customer loyalty and this is the prime factor affecting the image of any financial sector in the market. The Bank should have automated operations in the service windows to. New Products and Services add value to the brand image of the Bank. Insurance on deposit and loan products protect not only the bank’s interest but also the interest of the public. Limitations of operations are to be minimized to have superior customer satisfaction. Liquidity of deposits has direct impact on the public sentiment and hence has ample effect on the customer loyalty. The report on “Financial Performance Evaluation of Uttara Bank Limited.” This report gives an idea about the activities of Financial Performance of Uttara Bank Limited .The objective of this report is to analyze and focus on the...
Words: 8543 - Pages: 35
...private banking service in our country. We have been told to choose any one of the private banks operating in our country, irrespective of its origin. We chose the Jamuna Bank Limited for our report. 1.2 Origin The course instructor of Management Information System (MIS-405) Ms. Ayesha Jahan orally authorized the task of writing this report to a group of five students. We proposed Jamuna Bank Limited as per the requirements of report completion. Our course instructor approved the topic of our report. Groups were independently formed about the report. 1.3 Purpose This report has tried to fulfill the formal procedures to write a report. The purpose of the report is to show what the effect of electronic commerce is in the banking sector of Bangladesh. It is a major part of our course requirement. Learning about Management Information System practice into the contemporary business organization is one of the most important parts of our course. 1.4 Scope of the study In our report, we briefly discussed about banking industry of Bangladesh and management information system into the banking industry. The findings of this report includes both the current industry situation and the management information system into the Jamuna Bank. In the report, we started with the discussion of banking industry of Bangladesh and later we give our finding regarding management information system of the Jamuna Bank and some recommendation to improve to improve the mechanism of management information system...
Words: 5510 - Pages: 23
...Assignment criteria • CSR (Corporate Social Responsibilities) • CSR practices in Bangladesh. • CSR in Banking sector ( Education , Health care, Social development) • Principals of CSR • Advantages of CSR • Disadvantages of CSR + ` Corporate Social Responsibilities Corporate Social Responsibilities simply means business giving back to the society. Corporate social responsibility is the commitment of business to contribute to sustainable economic growth, working with employees, their families, the local community and society at large to improve their quality of life. It is comparatively and speedily developing trend. But the CSR is not only simply a communality activity, although this the most visible part of ethics of an organization and has a core values. The field of responsible business practice is one of the most speedily budding corporate today. Now companies have to build shareholder value while harmonizing the increasing, ethical, social and environmental expectation of the society. In a nutshell, today companies have to make profits with principle, which will ultimately need companies to be more transparent. There is a consciousness that being responsible can actually be good for a company’s reputation and for a business. CSR particles in Bangladesh A socially responsible business environment is as much needed in Bangladesh as anywhere else. It’s really needed in a developing country like Bangladesh. In developing...
Words: 2122 - Pages: 9
...04 | BSRM Group Over the Years 05 | Company Profile Corporate Information Board of Directors Management Committee Audit Committee Key Management Personnel and Advisors Auditors 06 | Financial Highlights-2009 07 | The Product and the Pride 08 | Chairman’s Message 09 | From the Desk of Managing Director 10 | Report of the Board of Directors 11 | Report of the Audit Committee 12 | Auditors’ Report & Audited Financial Statements Auditors’ Report Balance Sheet Profit & Loss Account Statement of Changes in Equity Cash Flow Statement Notes to the Accounts 13 | Photo Gallery 14 | Form of Proxy 15 | Attendance Slip 02 03 04-05 06 07 08 09 09 09 09 10 11 13-15 17-19 21-30 31 32 33 34 35 36 37-51 52-53 55 55 Transmittal Letter 02 BSRM Steels Ltd. | annual report 2010 Notice of the 8th Annual General Meeting Notice is hereby given that the 8th Annual General Meeting of BSRM Steels Limited will be held on Sunday, the 6th June 2010 at 10:30 AM at The Institution of Engineers, Bangladesh, S. S. Khaled Road, Chittagong to transact the following business: I. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended on 31st December 2009 along with Report of the Directors and the Auditors thereon. II. To consider recommendation of the Board of Directors to declare Dividend for 2009. III. To elect Directors of the Company. IV. To appoint Auditors to hold the office until the next Annual General Meeting of the Company and to fix up their remuneration...
Words: 16335 - Pages: 66
...Executive Summary: The aim of this study was to assess the effectiveness of Corporate Social Responsibility (CSR) practices of some local banks and track the performance of these banks with superior ratings for environmental, social and governance practices in Bangladesh and these banks are: Eastern Bank Limited, One Bank Limited and Mutual Trust Bank Limited. The study specifically focused on the extent to which companies practicing CSR complied with basic legal labor standards involving their employees and my marking 0 and 1 (0 for Null for practicing CSR,1 for CSR Practice). The study involved identification of companies providing CSR, obtaining information about the details of the CSR practices adopted at these companies (though looking at their website and interviews few of employees) and an assessment of how well these companies complied with basic CSR standards. The research found that most CSR practicing companies practiced CSR in their own specific way. It was often unclear how much money companies spend on CSR and it also found that many of these companies, whilst providing CSR, did not comply with the law in providing basic labor standards to their employees. The study also showed the comparison among these three banks with graph where graphical technique is informative in the field of statistics used to visualize quantitative data. Statistics and data analysis procedures generally yield their output in numeric or tabular form; graphical techniques allow such...
Words: 6024 - Pages: 25
...Background of AB Bank Limited AB Bank Limited, the first private sector bank was incorporated in Bangladesh on 31st December 1981 as Arab Bangladesh Bank Limited and started its operation with effect from April 12, 1982. AB Bank is known as one of leading bank of the country since its commencement 28 years ago. It continues to remain updated with the latest products and services, considering consumer and client perspectives. AB Bank has thus been able to keep their consumer’s and client’s trust while upholding their reliability, across time. During the last 28 years, AB Bank Limited has opened 77 Branches in different Business Centers of the country, one foreign Branch in Mumbai, India and also established a wholly owned Subsidiary Finance Company in Hong Kong in the name of AB International Finance Limited. To facilitate cross border trade and payment related services, the Bank has correspondent relationship with over 220 international banks of repute across 58 countries of the World. In spite of adverse market conditions, AB Bank Limited which turned 28 this year, concluded the 2008 financial year with good results. The Bank’s consolidated profit after taxes amounted to Taka 230 cr which is 21% higher than that of 2007. The asset base of AB grew by 32% from 2007 to stand at over Tk 8,400 cr as at the end of 2008. The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 1518 cr ie., 28.45% while the diversified Loan Portfolio grew by over 30%...
Words: 3637 - Pages: 15
...TABLE OF CONTENTS Executive Summary Prefatory Origin of Bank Definition of Bank History of Banking in Bangladesh History of Private Banks in Bangladesh Current Structure of Banks in Bangladesh Introduction Origin of the Report Objectives Scope Rationale of the study Methodology Limitations Literature Review Organization Overview DBL Background Nature of Business Shariah Council of the bank Vision Mission Core Values Objective of EXIM Bank as a shariah basedIslamic Bank Strategic objectives of DBL Customer charter _____________________________________26 _____________________________________26 _____________________________________27 _____________________________________05 _____________________________________07 _____________________________________08 _____________________________________08 _____________________________________09 _____________________________________11 _____________________________________13 _____________________________________17 _____________________________________18 _____________________________________19 _____________________________________19 _____________________________________20 _____________________________________20 _____________________________________21 _____________________________________21 _____________________________________23 _____________________________________24 _____________________________________25 _____________________________________25 _____________________________________25 _____________________________________25 _____________________________________26...
Words: 25550 - Pages: 103
...1. Name & Number of banking & other financial institutions. (Category wise updated data) Bangladesh Bank Bangladesh Bank has been working as the central bank since the country’s independence. Its prime jobs include issuing of currency, maintaining foreign exchange reserve and providing transaction facilities of all public monetary matters. Bangladesh Bank regulates and supervises the activities of all banks. Bangladesh Bank is also responsible for planning the government’s monetary policy and implementing it thereby. The Bangladesh Bank has a governing body comprising of nine members with the Governor as its chief. Apart from the head office in Dhaka, it has nine more branches, of which two in Dhaka and one each in Chittagong, Rajshahi, khulna, Bogra, Sylhet, Rangpur and Barisal. Category of Bank in Bangladesh |Category |Number of banks | |Nationalized Commercial Banks |4 | |Local Private commercial banks |30 | |Foreign Private Banks |9 | |Specialized Banks of Bangladesh |5 | |Renowned Financial Institutions...
Words: 4630 - Pages: 19
