1.1 Origin of the report:
This report is prepared to fulfill the partial requirement of the term paper for Human Resources Management (EH-702) program as subject of the EMBA program of The Banagladesh University of Professionals. In today's highly competitive global business environment, organizations need to aggressively compete for new markets, products, services, and top human talent in order to develop and sustain competitive advantage in the business world. As a leading textile manufacturing company Square Textiles Ltd has proved itself in the related industry as a major competitor. In this report we have found and analyzed various HRM policies practiced in Square Textiles Ltd following the guidelines provided by the teacher. 1.2 Objective of the Report:
❖ To fulfill the partial requirement of the Managerial Economics program as subject of the EMBA program. ❖ To provide an overview of HRM practice of Square Textiles Ltd. ❖ To reveal operational, management and HRM planning.
❖ Discuss all HRM practice
1.3 Scope of the report:
This report covered the overall HRM policies practiced in Square Textiles Ltd. and also includes the relationship of the employees within the organization as well as the principals of HRM policies covered.
1.4 Source of Data:
Both primary and secondary data have been collected.
WE have gathered primary data by personal interview of the Executives of HR Department of Square Textile Ltd. Mainly we have discussed with them verbally over telephone. We collect information from them and from their official websites. We used journals, brochures, manuals and several books on Human Resources Management to prepare this report. 1.5 METHOLODGY of the report:
To prepare this report we have collected data from different published materials. We also collect data from internet. This way we collected primary data. Thus we have used both primary and secondary report to prepare this report. 1.6 Data Analysis Method:
We analyzed the data to find out the required information. We used Ms-Word or any required computer program used to present the data.
Informative data and based on this data analysis the final report was prepared. 1.7 Limitation of the Report:
It is an uphill task to study the whole HRM Policies Practice scenario in by analyzing one organization in Bangladesh and compared to the courtiers in the world, so the report was completed under certain constrains which were:
❖ Difficulty in gaining accesses to financial sector.
❖ Non-availability of the most recent statistical data. ❖ As we are executive student it is not possible for us to collect all the necessary information. ❖ We had to complete this report within a very short span of time that was not sufficient for investigation. ❖ Lack of Experience.
2.1 About Company:
Square Textiles Ltd. started its journey by establishing the first unit in 1997. One year later the second unit was established. Square Textile is a subsidiary company of Square Group. The Company was incorporated as a public limited company in the year of 1994. The operation was started in 1997. It was enlisted in Dhaka Stock Exchange & Chittagong Stock Exchange in 2002. Within a very short time of span the company achieved some significance success. Square Textile receives Oeko-Tex standard 100 and ISO-9002 certificates in the year 2000. Authorized capital of the company is Tk. 3000 million. It’s paid- up capital is Tk. 974 million. The business lines of Square Textiles Limited are manufacturing and marketing of yarn. The factory is located in Saradaganj, Kashimpur, Gazipur, Bangladesh. Its office is located at Uttara in Dhaka. 2.2 Mission & Objectives:
• To establish ourselves as a one stop source for the Global Knit Apparel market. • To satisfy and meet customer's expectation by developing and providing products and service on time, which offer value in terms of Quality, Price, Safety...