...Historical Background of insurance Industry in Bangladesh Insurance is not new business in Bangladesh. Almost a century back, during Britishrule in India, some insurance companies started transacting business, both life andgeneral, in Bangal.Insurance business gained momentum in East Pakistan during1947-1971, when 49 insurance companies transacted both life and general insuranceschemes. These companies were of various origins like British, Australian, Indian,West Pakistan and local. Ten insurance companies had their head offices in EastPakistan, 27 in West Pakistan, and rest elsewhere in the world. These were mostlylimited liability companies. Some of these companies were specialized on dealing in a particular class of business, while others were composite companies that dealt in morethan one class of business. Present position of insurance business in Bangladesh In Bangladesh, the Insurance business, after and early stage of dislocation, adventureand experimentation through half a century has now being established as a nascentindustry distributed between the public and private sectors. Insurance businessevolved in the Indian subcontinent late in nineteenth century when several businesscompanies started their business and a few Christian missionaries began to operatemutual funds to serve their own community members. From Bangladesh perspectiveinsurance business was not a promising sector in its early age but it is getting it’s paceday by day with the growth of overall economic...
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...Corporate Governance of Commercial Banks in Bangladesh Introduction: The need for corporate governance arises from the potential conflicts of interest among stakeholders in the corporate structure. These conflicts of interest often arise from two main reasons. First, different stakeholders have different goals and preferences. Second, the stakeholders have imperfect information as to each others actions, knowledge, and preferences. Corporate governance (CG) is an important effort to ensure accountability and responsibility and is a set of principles, which should be incorporated into every part of the organization. Though it is viewed as a recent issue, there is, in fact, nothing new about the concept. Because it has been in existence as long as the corporation itself-as long as there has been large – scale trade, reflecting the need for responsibility in the handling money and the conduct of commercial activities. Numerous works, studies, and researches have been conducted to enact principles, codes, and guidelines for ensuring good corporate governance systems and culture within the organizations. Sir Adrian Cadbury in 'Global Corporate Governance Forum’ defined corporate governance as: "Corporate Governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship...
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...Syllabus Department of Management Detailed Syllabus Second Year Four-Year B.B.A. (Honours) Course Effective from the Session : 2009–2010 National University Syllabus for 4 years B. B. A. Honours Course Subject : Management Second Year (Honours) |Subject Code |Subject Title |Marks |Credit | | |Business Communication and Report Writing (In English) |100 |4 | | |Computer and Information Technology |100 |4 | | |Taxation in Bangladesh |100 |4 | | |Business Statistics (In English) |100 |4 | | |Macro Economics |100 |4 | | |Human Resource Management |100 |4 | | |Viva-Voce |100 |4 | | |Total = ...
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...Overall Human Resources Management (HRM) scenario in the local public banks of Bangladesh and probable Recommendation Bangladesh is a developing country and from the date of birth, it is having financially strong state owned banks / public banks. But these banks are not updating themselves as time passes and for that reason the present human resources of these banks are becoming obsolete in comparison with modern days banking concept. Most of the senior bankers of these banks are not technology oriented persons and they do have lacking of having modern banking concepts as well. From my professional banking experience, I have found some problems - Lack of coordination was there between several departments and lack of professionalism was there as well. Besides, all the employees are not professionally trained enough in the computer literacy part. For that reason, the EOP (Expected Organizational Performance) is always much below than the AOP (Actual Organizational Performance). So, the triggering effect always indicates to provide training upon basic computer literacy to each and every individual worker of the whole bank. Moreover, the modern HR practice is absent in the bank and the total HRM working is very much centralized in the head office. Problems of Human Resources Management in the local public banks of Bangladesh in bullet form: • Competency level of the employee of these banks is poor than of some competent banks. • Organizational culture is not highly developed...
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...EMPLOYEES JOB SATISFACTION IN BANKING SECTOR OF BANGLADESH: - A CASE STUDY OF “JAMUNA BANK LIMITED” By Oishee Manee ID: 0820544 An Internship Report Presented in Partial Fulfillment Of the Requirements for the Degree Bachelor of Business Administration INDEPENDENT UNIVERSITY, BANGLADESH April 29, 2012 EMPLOYEES JOB SATISFACTION IN BANKING SECTOR OF BANGLADESH: - A CASE STUDY OF “JAMUNA BANK LIMITED” By Oishee Manee ID: 0820544 Has been approved April 29, 2012 ____________________ Dr. A.N.M. Shibly Noman Khan Assistant Professor School of Business Independent University, Bangladesh TABLE OF CONTENTS 1.0 Introduction ......................................................................................................................1 1.1 Statement of the Problem ............................................................................................2 1.2 Purpose of the Study ...................................................................................................2 2.0 Literature Review............................................................................................................3 2.1Job Satisfaction …………………………………………………………………………. 3 2.1.1 Facet Satisfaction …………………………………………………………………..4 2.1.2 Overall Satisfaction…………………………………………………………………5 2.2 Selection ....................................................................................................................5 2.3 Training…...........................................
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...1.0 Introduction: In this chapter we tried to describe the origin of the report, objective of the report, scope and limitations of the report. 1.01. Origin of the report: The B.B.A. Program under the department of finance offers a course named “Principles of management, F-109)” which requires submitting a report on a specific topic given to us. The report under the headline ‘Job satisfaction’ has been prepared towards the purpose .Our main task was to analyze two organizations employees job satisfaction. 1.02. Objective of the report: The main objective of this study is to critically measure the job satisfaction of the employees of Prime bank limited and Islami bank Bangladesh Limited. The specific objectives of the study is identify as following: To identify the importance of determines of job satisfaction. To measure the level of job satisfaction with respect to compensation package. To measure the level of job satisfaction with regard to training & development. To measure the level of job satisfaction. To measure the level of job satisfaction in regard of job security. To measure the level of job satisfaction with respect to motivational practices and other aspect of this particular organization. 1.03. Methodology of the study: Methodology is the process or system through which a study is being carried out for the purpose of collection of information that is required in collection with the study for reaching a conclusion on that study. We have...
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...[pic] A Term Paper On ANNUITY, PROBLEMS AND PROSPECTS OF INSURANCE BUSINESS IN BANGLADESH Course Title: INSURANCE AND RISK MANAGEMENT Course Code: MKT-224 Submitted to: Dr. Md. Abul Kalam Azad Professor Department of Marketing University of Dhaka Submitted by: UNICORN Date of submission: 24th November, 2014 Group Profile |Serial |Name |Roll | |1 |Md. Shahin Hossain |04 | |2 |S.M. Fahim Uddin |20 | |3 |G.M. Sohel Bari |56 | |4 |Tapan Mandal |78 | |5 |Rony Mollah |90 | |6 |Md. Ariful Islam |92 | |7 |Sharmin Akter ...
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...in developing small scale enterprises in Bangladesh There are a huge number of problems in the question of developing small scale enterprises in Bangladesh, which are discussed below: Individuality: Maximum small scale enterprises are owned by the individuals and an individual has obviously some limitation. Lower Per Capita Income: Per capita income of our people is low and for this reason our people are not being able to generate adequate capital to run the business efficiently. Unskilled Human Resources: Human resources of our country are not skilled this is a problem with developing small scale enterprises in Bangladesh. The economic environment of our country is not hundred percent suitable for operating the business another cause of the restrictions. Excessive import of foreign product: Excessive import of foreign product in our country is another reason cause when the people of the country will be mainly dependent on the imported product then the entrepreneurs will loose their interest to develop small scale enterprises. Political instability: Political instability of our country is another reason for developing the small scale enterprises rate slow. Political environment of our country is not suitable enough to run the efficient business in our society. Deterioration of Morality: Public moral is getting down means most of our people are loosing their moral and for this reason developing small scale enterprises in Bangladesh is not so easy like the other country of...
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...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 to employees bank account on 25th of each month Employee receives a monthly pay statement which shows the deductions as; income tax and provident fund Allowances : includes House rent Medical Conveyance Festival...
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...BUILDING CIVILIAN CAPACITY BY ARMED FORCES OF BANGLADESH FOR PEACE BUILDING MISSIONS IN UNITED NATIONS 1. Bangladesh stepped into the family of 'Blue-Helmet' through participation in UNIIMOG (Iraq-Iran) in 1988 with 15 Military Observers from Bangladesh Army. Bangladesh Navy and Bangladesh Air Force joined UNPKO in 1993 while Bangladesh Police joined in 1989. Till now Bangladesh has contributed in 54 UN peacekeeping missions in 39 countries, where 1,13,169 Bangladeshi peacekeepers have participated of which 1,02,794 are from the Armed Forces. At present with strength of 9,111 peacekeepers (7,197 from the Armed Forces), Bangladesh is the highest peacekeepers contributing country in the world. Being the largest troops and police contributing country for UN peace keeping missions, Bangladesh holds a large UN experienced work force. The experience of such a large work force can be utilized effectively in peace building role even after they retire from the government service. 2. Peace building in countries emerging from conflict is a huge, complex undertaking as it happens in an insecure, politically fragile and therefore challenging environment. There is always a challenge to match the crucial response time with the availability of experienced civilian workforce to be deployed for peace building missions. In this respect UN has rightly focused on building civilian capacity in members states. Creating a national database as a tool of human resource system is surely a need of...
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...Final Report MGT321 (Organizational Behavior) Section: 10 Chapter: 06 Motivation Concepts Prepared By: Prepared For: 1. Nusrat Sababa Shamma ID: 083425030 Md Mujibul Hoque ………………………………. 2. Nazratun Sururan Shahrin ID: 0910029030 Faculty of ………………………………. School of Business 3. Jesmin Jerin ID: 0910036030 ………………………………. 4. Badrun Nahar ID: 0910150030 ……………………………….. Students of School of Business North South University August 8th, 2010 Md. Mujibul Hoque (MJB) Faculty: School of Business North South University Subject: Submission of a report. Dear Sir, With due regards and respect we state that we are very thankful to you as you assigned us this report on ‘‘Motivation Concepts”. It is a great opportunity for us to acquire theoretical and practical knowledge about motivation concepts of the garments sector of Bangladesh. We have tried our best to gather what we believe to be the most complete information available. Your kind acceptance and any type of appreciation would surely inspire us. We would always be available and ready to explain further any of the context of the whenever asked. Sincerely yours, Nusrat Sababa Shamma ...
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...Marketing Strategies For Real Estate Companies In Bangladesh Taking Four Representing Companies as a Base Conceptual facts and previews DEFINING REAL ESTATE A piece of land, including the air above it and the ground below it, and any buildings or structures on it is defined as real estate. According to W. B. Brueggemon and D. Fisher the term real estate refers to the physical and improvements and the ownership rights associated with the real estate are referred to as real property. Basically according to the finance dictionary Real Estate means to the piece of land and all physical property related to it, including houses, fences, landscaping and all rights related to the air above and earth below the property. With rapid urbanization of the cities and metropolitan areas real estate is a familiar word to the city dwellers. Real estate deals not only with the architectural design and infrastructure of a building but also with its finance and potentiality. It is an area that is highly influenced by the population density, income generation and tastes of the people and economic growth of a country under different period of time. Perspective of Real Estate Business in Bangladesh (A Brief History) Urbanization is an outcome of both population growth and rural-urban migration. As urbanization increases, more and more people are becoming city dwellers. Bangladesh is not any exception to this picture. In Bangladesh, the problem of urbanization is further aggravated...
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...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...
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...PAD: 201 Handout-2 (MrM) Public Administration in Bangladesh Structure of Bangladesh State The Bangladesh constitution provides for a Parliamentary form of government with the Prime Minister as Chief Executive and a President as the head of the State with very circumscribed powers. The President is elected by Parliament and the Prime Minister is a Member of Parliament. The Prime Minister appoints and heads a Cabinet of Ministers which is collectively responsible to Parliament. The Unicameral Parliament is the supreme legislative authority as well as the ultimate repository of public accountability. The Executive is organized on the basis of Ministries and within Ministries, by divisions. The system is two tiered: the Secretariat is responsible for policy, and oversight and coordination of government departments, agencies, district administration. A politically appointed Minister heads each Ministry, while a permanent civil servant is the Ministry’s administrative head and Chief Accounting Officer. . How does the administrative structure look like? -Central Admin (Secretariat and other government departments at the centre) -Divisional Admin -District Admin -Upazila Admin -Union (No. Government official) Under the close supervision of the district administration, there is a local government system composed of elected union parishads and municipal pourashavas and appointed thana and district committees. The local authorities have little capacity or...
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...Economic Sciences Series Employee Compensation Practices in Industrial Enterprises of Bangladesh: A Public-Private Sector Comparison Mir Mohammed Nurul Absar*, Zahed Husain Sikder**, Balasundaram Nimalathasan***, Mohammed Moniruzzaman Bhuiyan**** * East Delta University, 1267/A Goshaildanga, Agrabad, Chittagong, Bangladesh e-mail: mmnabsar@yahoo.com ** Department of Management Studies, University of Chittagong, Bangladesh e-mail: zahidsikder@aiub.edu *** Department of Commerce, University of Jaffna, Thirunelveli, Jaffna, Sri Lanka e-mail: bnimalathasan@yahoo.com **** Department of Statistics, University of Chittagong, Bangladesh e-mail: bhuiyan_mz@yahoo.com Abstract Compensation is one the most important functions of human resource management (HRM). The present study aimed at exploring differences between the public and private sector industrial enterprises of Bangladesh with respect to overall status of compensation practices. Data collected from twenty-six public and thirty-four private industrial enterprises shows that the overall status of compensation practices of the private sector industrial enterprises is significantly better than that of the public sector industrial enterprises in Bangladesh. Some implications are also offered for overall improvement of the compensation practices of the public and private sector industrial enterprises of Bangladesh. Key words: compensation, public sector, private sector, industrial enterprises JEL Classification: M12 Introduction ...
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