employee benefit

Topics: Sick leave, Employee benefit, Employment compensation Pages: 9 (1547 words) Published: November 19, 2013
Course : Human Resource Management

Assignment
on
Employee Benefits of Poly Cables Industries Ltd.

Under Supervision Of:
Professor Md. Mosharraf Hossain Ph. D.
Chairman
Dept. of Management Studies

Prepared By:
Students
Business Warriors Group
BBA 3rd year 2nd Semester
Section : B, Session : 2008-09
Dept. of Management Studies

Faculty of Business Studies
Jagannath University Date of Submission: 02/09/2012 Business Warriors Group

Students of The Group

Letter of Transmittal

2nd September, 2012
Professor Md. Mosharraf Hossain Ph. D.
Chairman
Dept. of Management Studies
Jagannath University, Dhaka.

Subject: Submission of assignment titled Employee Benefits of Poly Cables Industries Ltd.

Dear Sir,
With due respect, we are pleased to submit this assignment on Employee Benefits of Poly Cables Industries Ltd. This assignment has been prepared from the information and discussion given by the management authority of Poly Cables Industries Ltd.

Yours Sincerely
Students
Business Warriors Group
BBA 3rd year 2nd Semester
Section : B, Session : 2008-09
Dept. of Management Studies
Jagannath University, Dhaka

Acknowledgement
At the inception of preparing this assignment we would like to express gratitude to the Almighty Allah for special blessing in completing it, and then we would like to acknowledge the support of the management authority of Poly Cables Industries Ltd. who gave us the opportunity to access information regarding the employee benefits of their organization. We are also grateful to our course teacher Prof. Md. Mosharraf Hossain Ph.D. who encouraged us and gave the opportunity to prepare this assignment .

Table of Contents
S.L.
Particulars
Page
1.
Executive Summary

2.
Introduction

3.
Corporate Profile of Poly Cables Industries Ltd.

4.
Organogram of Poly Cables Industries Ltd.

5.
Employee Benefits of Poly Cables Industries Ltd.

5.1 Annual Leave

5.2 Festival Bonus

5.3 Performance Bonus

5.4 Profit Sharing

5.5 Medical Benefits

5.6 Hazz Bonus

5.7 Lunch Benefit

5.8 Interest free loan

5.9 Residence Facility

5.10 Education Facility

5.11 Provident Fund

5.12 Gratuity

5.13 Transportation

5.14 Promotion

5.15 Increment

5.16 Mobile facility

5.17 Insurance Benefit

5.18 Incentive

5.19 Training

5.20 Tour Facility

6.
Conclusion

7.
Reference

Executive Summary
The main focus of this assignment is employee benefit of an organization in Bangladesh. Here the selected organization is Poly Cables Industries Ltd. This is a private organization. It’s corporate profile and organogram of it’s management body are shown in this assignment. All the information regarding employee benefits of the Poly Cables Industries Ltd. have been stated in this assignment. The common employee benefits are available in this organization including some special benefits, these are Hazz leave, Paternity leave, Hazz bonus, Mobile facility and Tour facility etc. Due to private organization Pension scheme is not available in this organization.

Introduction
When an organization designs its overall compensation program, a critical areas of concern is what benefits to provide. Today’s workers expect more than just an hourly wage or a salary; they want additional considerations that will enrich their lives. This considerations in an employment setting are called employee benefits. Benefits do not directly affect a worker’s performance but benefits must be offered to attract and retain effective workers. Benefits are generally membership-based, offered to employees regardless of their...
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