Hrm Practices in Bangladesh

Good Essays
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.

INTRODUCTION

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.

Our

You May Also Find These Documents Helpful

  • Powerful Essays

    HRM PRACTICES IN BANGLADESH

    • 6805 Words
    • 28 Pages

    Pp.118-136 New HRM Practices in the Public and Private Sector Industrial Enterprises of Bangladesh: A Comparative Assessment Mir Mohammed Nurul Absar1 and Monowar Mahmood2 This study explored adoption of new HRM practices in the public and private sector organizations of Bangladesh. We collected data from sixty industrial enterprises located in the main industrial city of country, i.e. Chittagong. The study revealed significant difference on adoption of new HRM practices between public and…

    • 6805 Words
    • 28 Pages
    Powerful Essays
  • Powerful Essays

    ASSIGNMENT ON Profile: HSBC Bangladesh Submitted By: Sultana Id:05-038 Batch-15th(BBAth-16th) Department of MIS University of Dhaka Farhana Submitted to: Md. Rakibul Haque Assistant Proffessor Department of MIS University of Dhaka TRAP-1 Human Resource Management: Human Resource Management is the management of human being to convert them into human resource. It is a field of management involves planning, organizing, directing, and controlling the functions of procuring, developing…

    • 1908 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Hrm Practices in Bangladesh

    • 3596 Words
    • 15 Pages

    HR practices in Bangladesh Introduction ▪ Background Bangladesh, officially the People's Republic of Bangladesh is a country in South Asia. It is bordered by India on all sides except for a small border with Burma (Myanmar) to the far southeast and by the Bay of Bengal to the south. Together with the Indian state of West Bengal, it makes up the ethno-linguistic region of Bengal. The name Bangladesh means "Country of Bengal" in the official Bengali language. Bangladesh is the eighth most…

    • 3596 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Hrm Practices in Bangladesh

    • 3655 Words
    • 15 Pages

    HR practice in Bangladesh is better than the past. In the past, HR role was concentrated to hiring firing and letter issuance-dispatching-filing stage. Now it has started to perform more than that. Such as ....Employee motivation, Employee development, employee retention, facilitating organizational development initiatives etc. and thus contributes to the achievement of organizational goals. These value added job has just begun in BD. For a good tomorrow, this is a starting point. Employers have…

    • 3655 Words
    • 15 Pages
    Good Essays
  • Satisfactory Essays

    Practice of Hrm

    • 461 Words
    • 2 Pages

    Human Resource Management Practices in Bangladeshi Organizations: A Case Study on Bangladesh Centre for Communication Program Author: Khan Atiqur Rahman (atik.pstu.bd@gmail.com) Masters in Bank Management (MBM) Bangladesh Institute of Bank Management (BIBM) Website: www.bibm-bd…

    • 461 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    this paper focuses on how the HRM is practiced in Monno Group of Industries. This company is one of the leading organizations in the country in producing ceramic products. Here I tried to make an observation on its HRM practice so that it enriches my theoretical knowledge on HRM with practical views and processes involve in Human resource management. Business is such an arena where there are very few similarities or sometimes contradictions between theories and practices. And Human Resource Management…

    • 8174 Words
    • 33 Pages
    Powerful Essays
  • Powerful Essays

    Hrm Practices

    • 2592 Words
    • 11 Pages

    Introduction: HRM practices in Bangladesh are better than the past. In the past, HR role was concentrated to hiring firing and letter issuance-dispatching-filing stage. Now it has started to perform more than that. Such as Employee motivation, Employee development, employee retention, facilitating organizational development initiatives etc. and thus contributes to the achievement of organizational goals. These value added job has just begun in BD. For a good tomorrow,this is a starting point.…

    • 2592 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Supplementary Chapter HRM problems in Bangladesh Bangladesh is one of the least development countries (LDC) in the world. It’s Human Resource development index, as published by UN, is one of the poorest, literacy rate is poor. Extremely high level of corruption and politicization of society has made HR event tougher. These problems create several challenges for Human Resource Management in Bangladesh. Some of those are: 01. Very high population growth, unemployment, deteriorating ethical…

    • 390 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Hrm Practice

    • 887 Words
    • 4 Pages

    Pfeffer (1998) defined best practice theory is on the basis of an assumption that a high performance enterprise’s successful human resource practices also can be the example used in other enterprises and get the same results. As a result of the different understanding of people, there is also having other definitions. For example, Johnson (2000) also giving an definition that best practice is considered as a type of human resource method or system which have some qualities like additive additively…

    • 887 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Hrm Practices

    • 843 Words
    • 4 Pages

    Summary The definition of HRM is the process of managing person in organizations. Recently, the purpose of HRM is to make profit for companies, increase employee’s creativity and innovation. According to Patteron (2006), HRM could stimulate organizational development through facilitating the exploration of problems and promoting employees to expand their horizon and knowledge. In other words, HRM could develop organizational innovation through increasing employee creativity. In this situation…

    • 843 Words
    • 4 Pages
    Good Essays