A Study on “Strategic Hrm Practices in Public and Private Organization of Bangladesh”

Topics: Human resource management, Bank, Strategic management Pages: 8 (1913 words) Published: February 23, 2011
Focusing on the subject matter of strategic hr activities we have selected two companies and analyze them in terms of these concepts. The companies are Sonali Bank Ltd. and Brac Bank Ltd. 1.1 Literature review

Strategic HRM Practices
What is Strategic Human Resource Management?
An updated management system that consists of the combination of competitive moves and business approaches used by managers to run the company also focus on the Human Resource those are the power house of an organization is known as strategic human resource management. Human Resource is one of the most important assets and also as part of the organization concerned with the “people” dimension. The exact theme of HRM is not very much understandable to many of the business intelligent of Bangladesh. By gathering experiences from multinational organization, now a day the local organization is adopting the real HR practice. Moreover they are involving into competition based on those strategic plans. That’s why we decided to highlight the comparison of strategic HR practices in private and public organization of Bangladesh.

1.2 Company Profile
Sonali Bank Ltd.

Sonali Bank, the largest & leading commercial bank of the country, came into being in 1972 immediately after the emergence of Bangladesh as an independent state. A fully state-owned enterprise, the bank has been discharging its nation-building responsibilities by undertaking government entrusted different socio-economic schemes as well as money market activities of its own volition, covering all spheres of the economy. Sonali Bank Limited singularly enjoys the prestige of being the agent of the Central Bank of Bangladesh in such places where the guardian of the money market has chosen not to act by itself. Sonali Bank Limited is governed by a Board of Directors consisting of 7(seven) members headed by a Chairman. The Bank is headed by the Managing Director (Chief Executive), who is a well-known Banker and a reputed professional. The head office of the bank along with its corporate structure is located at Motijheel, Dhaka, and the main commercial center of the capital.

Brac Bank Ltd.

Company Profile
BRAC Bank Limited, with institutional shareholdings by BRAC, International Finance Corporation (IFC) 19% shareholder, International Finance Corporation (IFC) 19% shareholder is the commercial wing of World Bank, Shore Cap International Ltd. is an international private non-profit, equity company seeking to invest in small business banks and regulated micro finance institutions in countries with developing and transitional economies currently owns 18% of BRAC Bank Limited. A fully operational Commercial Bank, BRAC Bank focuses on pursuing unexplored market niches in the Small and Medium Enterprise Business, which hitherto has remained largely untapped within the country. In the last five years of operation, the Bank has disbursed over BDT 1500 crore in loans to nearly 50,000 small and medium entrepreneurs. The management of the Bank believes that this sector of the economy can contribute the most to the rapid generation of employment in Bangladesh. Since inception in July 2001, the Bank's footprint has grown to 22 branches, 350 SME unit offices and 19 ATM sites across the country.

1.3 Purpose and scope
We are doing this study to understand the strategic HRM practices as the competitive advantages of a business of banking sector in our country. How strategy of HRM can create core competencies and provide uniqueness to a business. We also wanted to focus on the factors and its importance and influence on business competitiveness. For conducting this study we have done our survey on these organizations. We have gone through analysis on related web sites and books those included in the bibliography. 1.4 Researches and Methodology

1.4.1 Sources of information Primary information:
We got primary information by taking interview of the officials,...
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