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Human Resource Planning in the Banking Sector of Bangladesh: a Co...

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Human Resource Planning in the Banking Sector of Bangladesh: a Comparative Study Between Public & Private Bank

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  • June 2009
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Page 1 of 16
The term paper submitted by:
SMA Scufiean Rana,
Master of Business Administration (MBA),
Bangladesh Open University,
Gazipur, Bangladesh
Cell: +8801711980717
Email: smasrana@yahoo.com

People are the most valued asset of the organization, be it private or public, human resources are endowed with such uncommon qualities as creativity, problem solving ability and they can be motivated, they can as a team. (Akkas 2000:20)

People have synergetic power. Synergy means the whole is grater than the sum of its parts. Many countries have achieved robust economic success by utilizing its human resources properly take the cases of Japan & Korea (Dr. Faruq Ahmad strategic Human Resource Management: Linking Human Resource Management with Corporate Strategy. Business year Book 2002, Page-614) “ Business leaders recognizes the value of their employees to the future of their organization. Increasingly competitions in the world markets is becoming based on the skills and abilities of people not machines.” (Fred H. Maidment/2003:7)

In the era of ‘Human Capital’, A study on “Human Resource Planning in the Banking Sector of Bangladesh: A Comparative Study between Public & Private Bank” has gained importance in recent years due to the performance of employees and executives of both public and private banks.

Economists now a days use ‘Capital’ in a broader term, which in addition the physical capital (Natural resources, basic infrastructure), also includes human capital. The education and training of workers is called ‘human capital’ (Taifur Reza Sharif, Assistant Professor (International University Bangladesh-Human Resource Development (HRD): in theory and practice-Journal of Business Administration Vol 25, No. 3 & 4, July & October 1999) by economist to emphasis its similarity to physical capital in the process of a country’s growth. So a study on human resource planning in the Banking Industry comes as priority.

Since Bank in a modern day society, almost...