Beximco Pharma Human Resource management

Topics: Management, Human resource management, Recruitment Pages: 29 (8084 words) Published: December 22, 2013

2.1 COMPANY OVERVIEW 6
2.3 THEIR MISSION7
2.4 KEY COMPANY INFORMATION 7
3.2 HUMAN RESOURCE MANAGEMENT PROCESS9
Interview21
Orientation /induction21
Follow up 21
Selection 21
5.8 MOTIVATING EMPLOYEES IN BEXIMCO PHARMA:32
5.9 HEALTH & SAFETY32
Health Insurance Policy:32
6.1 RECOMMENDATION:33

Chapter: 1 Introduction

1.1 EXECUTIVE SUMMARY

Human Resource Management (HRM) is a relatively new concept in Bangladesh. It was a few years ago that this was considered as a part of the administrative functions of an organization. There was no individual identity for HRM. But as time passed people recognized the importance of HRM in organizations. Human organization activity is simply the act of getting people together to accomplish desired goals. Any organization, whether new or old, small or big needs run smoothly and achieve the goals and objectives which it has set forth. The seven functions of HRM are: Planning, Recruiting, Selection, Socialization, Training and Development, Performance Appraisal, Compensation, Labor relation, and Motivation function. For it develops and implements its own Human Resource Management concepts. As such, the basic functions of HRM, broken down into seven different areas, allow for it to handle the strategic, tactical and operational decisions for the organization. Beximco Pharma (BPL) is a leading manufacturer of pharmaceutical formulations and Active Pharmaceutical Ingredients (APIs) in Bangladesh. It is a leading edge pharmaceutical company based in Bangladesh and is acclaimed for its outstanding product quality, world-class manufacturing facilities, product development capabilities and outstanding professional services. Its strategic strengths include strong recognition of brands, highly skilled work force and diversified business mix. Being a Learning Organization the core essence of Beximco Pharma is its entrepreneurial spirit in every sphere of its management. In this spirit, the tasks of each management function are carried out through HRM. In this report, we have tried our best to exemplify how the basic functions of HRM are exercised in Beximco Pharma. We have analyzed BPL’s several functions: planning, recruiting and selection, training and development, performance appraisal and employee compensation from the view of Theoretical Definition, Practical Application, Basic Principles followed and Technology used in each of the functions. We also discussed the BPL’s goals, mission and vision. This report focuses on the Organization’s recruiting process, selection process, source of recruiting, attracting, method of training, method of developing, compensation and pay rates of BPL which is very significant from the contemporary managerial perspective and also a key concept of organization theory. We have tried to give a thorough idea of the overall economic and industrial condition, existing competitions in both home and abroad and future threats of international open markets etc. In addition to that, we have recommended some alternatives in the final segment of the report that we believe, could be helpful for BPL to prevail over the mentioned challenges.

1.2 SCOPE & OBJECTIVE OF THE STUDY
As a business expectative in future, we should have to gather experience beside our survey. We should not concern our lesson only in the classroom but to implement it in practical life that will help us in our future life .A clear objective helps in the preparation of well decorated report in which other take the right type of decision .So, we identifying objectives are very much important. Our objectives of preparing the report are: To know the human resource management (HRM) practice of Beximco Pharmaceuticals Ltd (BPL) To identify the various avenues for improving the HRM policies of Beximco Pharmaceuticals Ltd (BPL) To know about the management ability of Beximco Pharmaceuticals Ltd (BPL) Suggesting strategies to improve the HRM policies of Beximco Pharmaceuticals...

Bibliography: http://www.beximco-pharma.com
http://financenmoney.wordpress.com/2011/02/07/differences-between-financialaccounting-management-accounting-and-cost-accounting/
en.wikipedia.org/wiki/Beximco
http://bddrugs.com/company_profile.php
www.bangladeshdir.com/webs/catalog/beximco_group.html
Annual Reports: Beximco Pharma 2002, 2007,2008 & Square Pharma 2007
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