Professional Documents
Culture Documents
On
Course Name
Human Resource Management
Course Code: HRM- 301
Prepared By
Group Name :NORM
Sec: C
Group Members
Name
Md.Yousuf Hossain
Rabeya Akther
Sanjida afrin
Sahadat Hossain
ID
11302151
11302116
11302070
13302019
Submission date: 28-02-2015
Program
BBA
BBA
BBA
BBA
Letter of Transmittal
Dear Sir,
It is a great pleasure to submit our report for the course Human Resource
Management (HRM- 301)
on selection & recruiting, training & development system, performance appraisal method,
compensation &benefits of Shahjalal Islami Bank Bangladesh Limited we exerted our best
effort under your intensive guidance and supervision.
It was surely an opportunity for us to enrich our theoretical knowledge having relationship
with the practice. It gave us the opportunity to have real life working experience and to get
insight into the real banking procedure. Throughout the report we tried to describe our
learning from the selection & recruiting, training & development system, performance
appraisal method, compensation & benefits of Shahjalal Islami Bank.
We hope that you will find this report informative and interesting. We will be glad to answer
any sort of query throughout this report and we will be pleased to provide any further
clarification or information in interpreting this analysis if you need.
Sincerely,
Group NORM
Acknowledgement
Support from various persons is required for the successful finalization of any course. we
have been fortunate to obtain the guidance and supervision of our teacher, our fellow
classmates, and others. First of all we would like to convey our salutation to almighty Allah
for enabling us to complete the report with sound health, and then Bachelor of Business
Administration (BBA) for having such a wonderful and unique course, through which we get
the chance to learn about the HRM Banking services. We would like to pay our solemn
homage to our course instructor Jamee Ahmad his guidance.
Name
ID
Topics Name
Md.Yousuf Hossain
11302151
Rabeya Akther
11302116
Sahadat Hossain
13302019
Sanjida afrin
11302070
Table of content
S/L
Name of Contents
i
ii
iii
iv
v
01
Letter of Transmittal
Acknowledgement
Working part
Table of content
Executive summary
Chapter 01
i.
Introduction
ii.
iii.
Company Profile
Vision, Mission, Values, Strategies
02
Chapter 02
i.
Selecting and Recruiting Process
ii.
Training and Development System
iii.
Performance Appraisal Provided
iv.
Compensation and benefits Provided
03
Chapter 03
i.
ii.
Page No:
I
II
III
IV
V
1-3
01
02
03
4-14
04-08
09-10
10-12
13-14
15-16
Executive summary
Human Resource Management is an important strategic tool which adds value to the
organization and is a necessary part of organizations function. So, this report is an assigned
job as a partial fulfilment of course requirement which is given by honourable Course Teacher
Mr.Jamee Ahmad, Lecturer, Department of CBA, IUBAT. In this report the overall work of the
Human Resource Department of Local Company Shahjalal Islam Bank is focused and
described. The goal of this report is to find out the Human Resource Management Practices
of Bangladesh, in case of Shahjalal Islam Bank. Shahjalal Islam Bank is the organization
where actually the HRM activities are applied with a huge effort, and the outcome is also very
satisfying.
This report is focused on the HRM activities that Shahjalal Islam Bank practices to develop
their organization. The key factor of this Banks sustainable growth is Human Resource
Management. They have always been committed to good employment practices and have set
out the framework of Employment Principles on workplace practices, employee relations and
employee human rights. Thats why they select the most talented and dynamic professionals
from the available candidates, trusts in team work and respect each other.
The report also includes the theoretical framework of various concepts of Human Resource
Management and also contains the practices of Human Resource Management in Shahjalal
Islam Bank for the purpose of relating the theoretical concepts with the relevant areas of an
established organization.
Chapter -1
1.1 Introduction
Shahjalal Islami Bank Limited is a shariah based commercial bank in Bangladesh which was
incorporated as a public limited company on 1st April, 2001 under Companies Act, 1994 and
commenced their commercial operation on 10th May, 2001 by opening its 1st branch. Its
corporate head office is situated at 10, Dilkusha Commercial Area, Jiban Bima Bhaban,
Dhaka 1000. At present, there are 53 branches, 5 SME centers and 8 branches of brokerage
house of this bank.
Human Resource Management is the most important component of modern organizations.
The accomplishment of organizational missions and objectives depends, to a large extent, on
having right persons in right positions as well as the commitment and contributions of those
involved. This is why Human Resource Management has acquired a growing significance in
current organization theory and practice. As a matter of fact, a sound and effective human
resource management is seen as the most significant variable that determines the performance
of an enterprise.
1.2Company Profile
88-02-7161877
www.shahjalalbanksecurities.com.bd
E-mail info@shahjalalbanksecurities.com.bd
Chairman
Chartered Accountants
Home Town Apartment (8th & 9th Floor)
87, New Eskaton Road , Dhaka-1000.
Phone: 88-02-9351457, 9351564
No. of Branches
No. Of Employees
1550
Stock Summary:
Authorized Capital
Paid up Capital
1.3 Vision
To be the unique modern Islami Bank Securities in Bangladesh and to make significant
contribution to the national economy and enhance customers' trust & wealth, quality
investment, employees' value and rapid growth in shareholders' equity.
1.4 Mission
1.6 Strategies
To identify customers needs & monitor their perception towards meeting those
requirements.
To review & updates policies, procedures & practices to enhance the ability to extend
better services to the customers.
To train & develop all employees & provide them adequate resources so that the
customers needs are reasonably addressed.
To promote organizational efficiency by communicating company plans, polices &
procedures openly to the employees in a timely fashion.
Chapter -2
2. Selection & Recruiting SJIBL
2.1 Recruiting:
2.1.1 Meaning of Recruiting
Recruiting is the process by which organizations locate and attract individuals to fill job
vacancies. Most organizations have a continuing need to recruit new employees to replace
those who leave or are promoted, to acquire new skills, and to permit organizational growth.
Recruiting is an even more important activity when unemployment rates are low and
economic growth is strong, as firms compete to attract the qualified employees they need to
succeed. Recruitment follows HR planning and goes hand in hand with the selection process
by which organizations evaluate the suitability of candidates for various jobs. Without
accurate planning, organizations evaluate the suitability of candidates for various jobs.
Without accurate planning, organizations may recruit the wrong number or type of
employees. It also focuses on the job applicant and the ways in which candidate looks for and
choose a job.
2.1.2 Recruiting Method:
posting will have detail description of the job, the qualifications required to be eligible for the
job, the deadline for application and posting or mobility related issues where applicable.
Interview Preparation
Establish Rapport
Approval Authority
Head of HR
MD
Board
Contractual Board
Temporary/Part-time
2.1.3.2.3 Interview
Short listed candidates will need to face an interview with the Divisional Head and HR, along
with the external short listed candidates. If the internal candidate is finally selected in the
interview he/she will be informed.
2.1.3.2.4 Appointment to the New Role
The joining date will be mutually agreed between the home and host division and the agreed
time line should be followed. The transfer/promotion/regularization will be formalized
through the defined process in due time.
2.1.3.2.5 Internship Process
At Shahjalal bank we believe in acting as a development partner of the universities and young
talents of the country, and internship is one of the ways of addressing this. We will provide
internship to students from well reputed, UGC approved universities, in three cycles in a year.
We will take maximum 25 interns per cycle. To be able to qualify for the internship selection
process the student must have a minimum CGPA of 3 on a scale of 4 from a reputed
university
2.2 Selecting
2.2.1 Meaning
Hiring good people is particularly challenging in technology-based organizations because
they require a unique brand of technical and professional people. They have to be smart and
able to survive in the demanding cultures of todays dynamic organizations. In addition,
many of these qualified individuals are in short supply and are able to go wherever they
like. Once applicants have been identified, HRM must carefully screen final candidates to
ensure they fit well into the organizations culture. The realities of organizational life today
may focus on an informal, team-spirited workplace, one in which intense pressure to
complete projects quickly and on time is critical, and a 24/7 (24 hours a day, 7 days a week)
work mentality dominates. Selection tools used by HRM need to select out people that
arent team players and cant handle ambiguity and stress.
Foundation courses have two parts: theoretical training in the academy and job rotation. The
officers on probation are required to undergo both in a period of one year. During this period,
three-phased training programmed is effective. On theoretical training say, general banking,
the officers are required to undergo rotation in general banking activities under the
supervision of HRD. Similar process is followed in' case of CRM & Foreign Exchange.
3.2.1 Faculty
The academy has built up a pool of knowledgeable/competent trainer within the bank. In
addition to permanent and professional trainers, speakers are drawn from operational side so
that on. the job experience may be exchange and share d. Over and above, speakers from
Central Bank, professional training institutions, universities, research organizations and Govt.
organizations are also invited to share views and experience. Senior and retied bankers are
also regularly to enhance effective of training.
In spite of its benefits, managers of SJIBL recognize that job rotation can be expensive.
Furthermore, a substantial amount of managerial time is lost when trainees change positions,
because they must become acquainted with different people and techniques in each new unit.
4.3. SJIBL Off-Site Methods
Off-the-job-site development techniques are playing at SJIBL an effective role because they
give the individual an opportunity to get away from the job and concentrate solely on what is
to be learned. At SJIBL, meeting with other people who are concerned with somewhat
different problems and come from different organizations may provide an employee with new
perspectives on old problems. Various off-site methods are used at SJIBL.
4.4 BANKING CUSTOMER RELATIONS TRAINING
Though SJIBLs main customers are the individual people this type of training are very
effective. In SJIBL customer relations training originated. Initially, the purpose of the training
was to prepare supervisors for people problems brought to them by their employees. This
type of training focuses on the development of the human relations skills a person needs to
work well with others. In SJIBL customer relations training programs are aimed at new or
relatively inexperienced first-line supervisors and middle managers. Human relations
programs typically have sessions on motivation, leadership, employee communication, and
humanizing the workplace.
The problem with such programs is the difficulty in measuring their effectiveness. The
development of human relations skills is a long-range goal; tangible results are hard to
identify over the span of several years. Consequently, such programs often are measured only
by participants reactions to them. In SJIBL reaction-level measurement is the weakest form
of evaluating the effectiveness of training.
4.5. Performance Appraisal
Performance appraisal is the process by which an employees contribution to the organization
during a specified period of tine is assessed. Performance appraisal is integral to the
successful operation of most organizations. During this process, employees are evaluated
formally and informally to determine the nature of their contributions to the organization.
Appraisal occurs during time periods and in meetings that are scheduled to produce reasoned
consideration of contributions, but it also occurs informally as employee contributions are
observed, or when an evaluation is brought to the attention of others.
.Performance appraisal is treated as an evaluation and development tool, as well as a formal
legal document. Appraisals review past performance emphasizing positive
accomplishments as well as deficiencies and drafting detailed plans for future development.
The performance evaluation also serves a vital organizational need by providing the
documentation necessary for any personnel action that might be taken against an employee.
Management by objectives (MBO) specifies the performance goals that an individual hopes
to attain within an appropriate length of time. The objectives that each manager sets are
derived from the overall goals and objectives of the organization,
although MBO should not be a disguised means for a superior to dictate the objectives of
individual managers or employees. Although not limited to the appraisal of managers, MBO
is most often used for this purpose. Other names for MBO include appraisal by results, targetcoaching, work planning and review, performance objectives, and mutual goal setting.
Though The SIBL is a service oriented organization means the banking organization so that
the Management by objective appraisal method is applicable for evaluate the performance.
THE SJIBL MBO PROCESS In the SJIBL implementing a guided self-appraisal system
using MBO is a four-stage process.
Job review and agreement of SJIBL Employee: The employee and the superior review the job
description and the key activities that comprise the SJIBL employees job. The idea is to
agree on the exact makeup of the job.
Continuing performance discussions: The employee and the superior use the objectives as
bases for continuing discussions about the employees performance. Although a formal
review session may be scheduled, the employee and the manager do not necessarily wait until
the appointed time to discuss performance. Objectives are modified mutually, and progress is
discussed during the period.
1.
2.
3.
Batter knowledge in Islamic banking system for serve and attract the customer for
adapting Islamic banking System.
Batter knowledge on banking software and make efficient in providing banking
service
Helps remove performance deficiencies in employees and achieve the SJIBLs goal.
4.
5.
7.
8.
9.
12.
14.
15.
They fare better in terms of operational efficiency, as indicate by lower staff rations
and more competitive compensation levels rose to 90% in 1998/99 from 85% c the
Economist intelligence unit limited 2001 EIU country profile 2001 Bangladesh 39.
Chapter 03
3. Concluding part
3.1 Problem and Suggestions
Last year, Bank recruited 120 fresh graduate and 160 experienced employees in the junior
level. The ratio is Fresh: Experienced =4:5.
In the Mid and Top level Bank usually does not give preference for external search and now
193 employees have been working in the mid & top levels who have been appointed through
internal promotion.
3.2 Conclusion
The report has attempted to point out recruitment and selection process in SJIBL.. We can get
little information about recruitment and selection process in SJIBL. Recruitment and
Selection Procedure of SJIBL during the last ten years has proved that with strong desire and
will power one achieve whatever target he may have. Almost all the leading banks in our
country have various procedures in recruitment and selection process in comparison with
SJIBL. But it has succeeded in achieving more desirable employee than many other
competitors. This has been possible only because of strong recruitment and excellent
selection procedure. SJIBL Bank employs a large number of employees for performing
various jobs. The academy has built up a pool of knowledgeable/competent trainer within the
bank. In addition to permanent and professional trainers, speakers are drawn from operational
side so that on. The academy holds need-based training courses/workshop/seminars etc.
which are finalized by Training & Research Division in constantly with various department
and senior executives at Head Office. SJIBLs HR development approaches are described,
under two major headings: job-site development and off-site development in performance
appraisal. In SJIBL have precisely planning the program for each employee. Job rotation is
widely used as a development technique. SJIBL customer relations training programs are
aimed at new or relatively inexperienced first-line supervisors and middle managers. Human
relations programs typically have sessions on motivation, leadership, employee
communication, and humanizing the workplace. SIBL is a service oriented organization
means the banking organization so that the Management by objective appraisal method is
applicable for evaluate the performance.