HRM Practices in Bangladesh
Banking Industry is the potential industry where the growth of a country depends a lot. In Bangladesh banking industry is also very influential. This industry is very big in Bangladesh and holds a lot of skilled employees. So Human Resource Management (HRM) is very much applicable as well as practiced in the banks of Bangladesh. HSBC is known as the world’s local bank. It also has reached to the Bangladeshi market not only to boost up the banking system of onshore but also offshore banking. To compete the global challenge HSBC has developed a skilled and efficient workforce. This large employee force is managed totally by the HR department of HSBC. This HR department meets all the requirements of the employees from salary to rewards, hiring to firing employees and other important developing trainings.
In this report the Overall work of the human resource department will be focused and described. To know the details of the company we interviewed some HR personnel or HSBC and other information were collected and gathered with the help of the internet. HSBC is the organization where actually the HR activities are applied with a huge effort, and the outcome is also very satisfying.
With the increase in the size and complexity of business organization, man has become the most important factor in business. Business needs people as owners, employees, and consumers. Organizations need people to make them operated. An organization is nothing without human resource. Of all the resources, the most important one is human resource, because human beings play a dual role- as resource, as well as a motive force for all other resources by manipulating them, by the way of developing, utilizing, commanding and controlling. So human resource management (HRM) functions include recruitment, selection, training and development, performance appraisal, compensation and industrial relation in an organization.
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