Hrm Essay

Topics: Human resources, Nationalization, Time Pages: 2 (671 words) Published: March 5, 2013
United Bank Limited is one of the banks playing a very important role in the economic development of Pakistan. It’s providing high quality services, manage customer experience efficiently, have comparativeadvantage due to its innovative technology and provide high profit to its stake holder. In order to maintain and improve its services in the competitive market UBL Human Resource Department plays a very important role. You will find in this report the complete HR function of UBL. The vision, Mission and Strategic goal of UBL what are the methods followed by UBL for analyzing and evaluating its Jobs. How UBL recruit and select new employees. The methods used by UBL training and developing new skills in their employees. The methods used for performance appraisal of its job incumbents. Compensations  and benefits provided by UBL to its employees and some other HR Functions.

History of UBL
United Bank Limited was established in November 1959. The bank was sponsored by the Saigon Group of Companies, which were the mainstay of the textile industry in Pakistan at that time. Within a short period of time, the bank emerged as the third largest in the country after HBL and NBP. The bank was nationalized in 1974. Later on another bank the commerce bank limited was merged into UBL.

UBL was the third bank to be offered for privatization. Initially, a Saudi based financial institution; Bashrahil Group came up with the highest bid for the bank, and deposited the first tranche for its consideration. However, due to flaws in the transaction, the SBP cancelled the privatization and took over the bank in 1995.The Bank’s total income including interest and non-interest income amounted toRS.4935 million in 1995, its deposits were RS. 109 billion and investments wereRS.25 billion in 1995. UBL incurred a loss of RS.724 million in 1995.

In 1996 the management of the bank was changed and by mid-1997 the financial and administrative discipline was restored. The interference of...
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