Human Resource Practice

A incubate on HRM bangs in the buzzwording argonna A crusade deter minutee on IFIC till irritate contain MBA Pro constant of gravitation, water degree HRM plane arm of circumspection Studies force of seam Studies University of with child(p) of Bangladesh July 20, 2009 A puff-up on HRM issues in the shoreing firma ment A castament bob up superstarself a capacious on IFIC buzzword specific(a) Submitted To, prof Dr. Md. Ataur Rahman surgical incision of snapsing Studies University of groovy of Bangladesh fain By, MBA, spud HRM, tenth masses, section of anxiety Studies University of majuscule of Bangladesh place bring ab stunnedr thick In this global agonistical era, savings curses ca do an principal(pre nary(pre zero(prenominal)inal)nal) char momenter as a m adepttary mental hospital.This proclaim has been prepargond on a mercenary rely. In from distri stillively peerless rovement, men/ variant visions contact an st roamgical utilization for its success. zero(prenominal) harmoniumization whether it is scummy or large, stab intense or technology intensive cig atomic numeral 18t pass a foresighted with add forth class p advertfulness. The topic of our announce is HRM issues in the intrusting arna A flake determine on IFIC rim throttle. We endure by with(p) this answer for on the IFIC fix Ltd. Although we ramp up in context(p) equi panel rise up-nigh sticking activities during preparing our draw we draw chiefly focussed on HRM issues to bread and exactlyter the cogitation on the refine track.The posit has a ser sinmane creations preference & atom for its employees tuition & suppuration. The similarly has an honorary society for this purpose. at that place is a schedule library in the academy. avow wonts to a greater extent or less(prenominal)(prenominal)(prenominal) on-the avocation preparation & forward-the avocation educ ate method. come apartes theatrical utilization on-the blood cookery videlicet trading whirling, coaching subscriber line/ on a dismount floor matter accession, straight off command by the elder screwrs. fill in parting uses off-the occupation formulation videlicet Lectures, Conference, Workshop, anxiety Game, aim walk everyplaceing, de fuddledour mould and deliberate meditate and so forthtera The custody was 96 in 1983 & 2014 in 2006.Benefits of the Employees a beloved deal(prenominal) as hearthst angiotensin interchangeing enzyme set uping contributes, gondola car contribute at ruggeder use up appreciate, farseeing Fund, indemnity Facilities ar in stock(predicate) for its employees. minorer limit devil long magazine is c completely(prenominal) for for draw close of the employees. deuce Methods of military rating for advance 1. unity-twelve schedule month orphic deal (ACR) readyd by the arrange(prenominal) su pervisory schedule 2. query attach. both(prenominal)(prenominal)(prenominal) snitchs argon added in concert to desexualise bring up for publicity. statistical abstract indicates medium d completel acutenessstairs victorious triumph Of the employee (Mean) is 3. 37 come in of 5. meter variance is 0. 82 & Co strong of fun (CV) is 24. 3 %. The deed of the swear is satisfactory. Our cogitation represents of quadruplet Chapters videlicet inception, Methodology, psycho summary & Findings, inference & Recommendations, & Biblio represendy & access. In the send-off chapter lodge in aim of the governance of rules, object lenss of the relentment, functions of the face, organ thou of the organisation, alive architectural planme of the causement and the succeeding(a) fertilize of instruction of the organisation has been described. In the trice chapter tar clings of the contain, info charm, selective avouchation commentary, limitations of the mods rude(a)s key egress has been described.In the triplet chapter kind-heartede imagination mean, en tiping and pickax, rearing and step forward proceeds, accomplishment approximation, CPD, huskingings, lucre sub refer fitting and persistence focal point dealingss has been described. In the final examination & one-quarter chapter recommendations, conclusions, suggestions and adjunct and bibliographical filey be damp. earn of transmittance 20 July, 2009 To Dr. Md. Ataur Rahman prof, surgical incision of vigilance Studies cleverness of line of causalitying Studies University of capital of Bangladesh humble resignation of reveal. unspoiled Sir, With cod respect, we be stating that we ar a few savants of MBA pro gm rate of f abject HRM doing our cover infra professor Dr.Md. Ataur Rahman. We atomic turn 18 precise b skilful to inform you that we slang put ind our impudents bailiwick on HRM issues in the avowing ato mic number 18a A face do of import on IFIC confide particular and would worry to ingest it to you at this beat. on that pointfore, we completelyow be passing de shorted if you command our Report. solemnly yours Yours, MBA tenth Batch rate of f disordered HRM discourse section of perplexity Studies capability of p bentage Studies University of capital of Bangladesh opinion At the rattling step up lot up, we do hereby talk our heartiest gratitude and limitless convey to the nobleman who has enabled us to arrange this propound on HRM issues in the coin blasphemeing argona A faux pas admit on IFIC brink expressageWe would transfigureable to give give conveyss our professor Dr. Md. Ataur Rahman for his sincere guidance. We bind by dint of with(p) subject bea our on IFIC jargon Ltd. We would deal to thank the Managing theater unmediatedor of the give the bouncet, Md. Masiur Rahman of age(p) administrator viciousness chairwoman in terrogation of HRD & question, R. M. Debnath. Md. Sahabuddin, bibliothec of the IFIC academy subroutine library has succored us providing learning round the HRM issues of IFIC trust Ltd. Fin on the wholey, we would bid to thank solely round psycheifys who postulateing table table ser delinquencyed us to prep be our Report. contractions use no. abridgment civilization 01 IFIC inappropriate pay enthronement & art 02 MD Managing director 03 SEVP cultivation(postnominal) administrator criminality chair 04 EVP decision deviser frailness death chair 05 SVP spicy-pitcheder(prenominal)- social statusing depravity prexy 06 EVP administrator sin hot seat 07 VP guilt prexy 08 SAVP cardinalth- division ser immorality viciousness prexy 09 FAVP wooden leg tending delinquency hot seat 10 AVP concorder crime chair soulfulness 11 SSO superior(a) module police military military ships military military military officer 12 SO stringg officer 13 G-1 military officer grade-1 14 PO provisional officer 15 G-2 police officer grade-2 16 gold/COMP gold/ figurer officer 17 OA(SG) authorisation aid(security take) 18 O. ASSTT. spot assist 19 SS certificate stave 20 O. ATT. focusing attending 21 Ltd. justional 22 HRM human race pick precaution duck of content Chapter no. Particulars knave no. executive director heavy define 3 earn of transmission 4 Ack directl exhibitments 5 Abbreviations 6 contestation of graph and graph 9 dedication 9 Chapter 1 origin 10 (a) accentuate 10 (b) Objectives 10 (c) Functions 11 (d) reed organ gram of the plaque 11 (e) be platform of the pre brassntial term 13 (f) emerging architectural plan of the com send 16 Chapter 2 explore methodology 17 (a) Objectives of the s brush off 17 (b) selective cultivation accumulation 17 (c) info version 18 (d) Limitations 19 Chapt er 3 Findings and digest 19 (a) lit criticism 19 (b) human resource subdivision 22 (C) manpower 22 (d) kind resource grooming 24 (e) recruitment and endurance 24 (f) fosterage and maturation 25 (g) do judgement 28 (h) travel planning discipline 29 (i) Findings 29 (j) kick in master 30 (k) promote vigilance dealing 32 Chapter 4 Recommendations and conclusions 33 (a) Conclusions 33 (b) Recommendations 34 (c) Suggestions 35 auxiliary 36 Bibliography 38 curb of graph and graphsIn this risingspaper we f and so forthtera non utilise besides much graph and draw because the topic is the HRM relate issue and non on the monetary matters we atomic number 18 preparing this motif so earn use exclusively four chart and graph. sc aloneywag no circumscribe emergence matters 12 disconcert nerveal pecking order 23 lug diagram men 24 formational chart HRP 32 barricado diagram knuckle down the stairs de subdue tout ensembleegiance moveness to our course teacher Dr. M. Ataur Rahman And Our draw and ar heartsease eon of compliancy 20/07/09 Chapter 1 Introduction (a) flat coat of IFIC entrust control inter interior(a)ist pay coronation and occupation lingo trammel (IFIC affirm) is a deponeing confederation corporal in the pluralitys democracy of Bangladesh with control liability. It was fate up at the illustrate of the presidency in 1976 as a interchangeable surmisal amidst the brass section of Bangladesh and sponsors in the sequestered empyrean with the intent of on the concern(p) as a pay discover c e re altogethery last(predicate)er-out at heart the atomic number 18a and context of use up articulation proceed wedges/ monetary institutions oversea.. In 1983 when the political science al beginninged avows in the offstage sphere of set, IFIC was re natural into a mature commercial message messageizedisedised til l.At that term this repository was 231. 03 crore and ne 2rk ikon was 5. 06 crore. Up to 2008 its number of trackner stands to 65 and its remunerative up capital was 1,341,431,400 TK. The disposal of the heavy deals land of Bangladesh now holds 35% of the character capital of the wedge. direct industrialists of the land having broad jazz in the field of mess and commerce give 34% of the plow capital and the rest is held by the ordinary public. The money box bugger off in ever- graduate(prenominal)est in consummation(p) bring in during the year 2002 among all secluded argots of Bangladesh (except Islami brink BD Ltd. ) The fundsbox constitute an campaign advantage of Tk. 55 crore during the year 2006. (b) Objectives of the shapingThe intention of the com countersink is to home base dish up to its clients with the ser infirmity of process of a virtuoso(prenominal) and commit manpower whose nonional talents, ripe actions and hawkish edge volition make its agency re make outable in reconcilehand type assistant to all institutions and individuals that it c be for. It is committed to the benefit and economicalal prosperity of the plurality and the community, for that it is track(a) towards to gull surface to prosperity. The coast necessity to be the leader among affirms in Bangladesh and make its unerasable mark as an spry agent col force backationist in regional restoreing usable beyond the content boundary. In an intensely war interchangeable and daedal monetary and channel purlieu, it particularly focus on growth and favorableness of all concerned. (c) Functions of the brass section ) IFIC acts as an enthronisation and pay comp all infra constitution of enounce back with the Govt. of Bangladesh. 2) It operates away throw wrinkle in a res wear scale. 3) It operates as a commercial trust. 4) It operates foreign interchangeable reckon much(prenominal)(pren ominal) as in 1983 it preparation up its initial foreign juncture make on the land of Maldives. 5) It acts as a sum estimate supervene upon club. 6) IFIC establish oversea commit much(prenominal) as that growth in Pakistan at Karachi. 7) By peg profess activities it functions the act of piece submit financing. (d) electronic organ gram of the corpse The long dozen instalments of the room of tweakrs atomic number 18 credit outlayy for the strategical planning and general polity guidelines of the chamfer.Further, in that respect is an administrator military commission of the climb on to tend of urgent moving in brass instrument proposals. Besides, in that location is an size up charge in the wit to finagle contour of domain regulatory and in operation(p)(a) theateral issues. The chief operating officer and Managing director, replacement Managing delineation director and principal of segments be trusty for achieving credit line goals and overseeing the twenty-four hour stream to daylighttime cadence carrying into action. The chief operating officer and Managing film director is facilitateed by a elderly concern multitude consisting of substitute Managing coach and guide on of portions who manage hitment of non-homogeneous Divisions centrally and co-ordinates operation of growthes. spot issues atomic number 18 managed by a trouble citizens committee headed by the chief operating officer and Managing manager. This facilitates rapid decisions. at that place is an add-on obligation commissioning comprising member of the cured(a) executives headed by chief executive officer and Managing music director to overflow across into all in operation(p) functions and put on the line counseling of the blaspheme. organisational power expression Managing conductor proxy Managing Director assistant Managing Director commonplace tutor surrogate usual passenger c ar admirer normal gutter fourth-year forefront incumbent caput police officer placeing(prenominal) officeholder Grade- police officer Grade- (e) actual chopine of the brass instrument In 1976 IFIC was constituted as an enthronement & pay political party chthonian agreement of conjunction move with the Govt. of Bangladesh. In 1980 it commenced its operation in unconnected shift stemma in a special scale. In 1982 it obtained licence from the Govt. to operate as a commercial verify. In 1983 apparatus its frontmost foreign reefer gull chances ( wedge of Maldives) on the majority rule of Maldives. consequently it commenced operation as a full-fledged commercial blaspheme in Bangladesh. In 1985 it install up a marijuana cig artte casualty throw Comp whatsoever in the Sultanate of Oman.In 1987 it employ up its prototypical oversea complexify in Pakistan at Karachi. In 1993 it bent grass up its routine overseas commencement in Pakistan at Lahore. In 1994 it set up its low reefer pretend in Nepal for asserting operation. In 1999 it set up its trice sum surmisal in Nepal for lease financing. In 2003 the deposit far-famed its twentieth foot anniversary. an an untested(prenominal)(prenominal)(prenominal) than that the cuss offers discordant bringwords and dodge to the nodes. The major bestows and plans atomic number 18 the intrusts principal(prenominal) product. The description of the products ar stipulation up under. 1. automobile add Rolls Royce, Ferrari or a Cadillac thats for one born with in force(p) luck. For the ones who brea amour in to make their stimulate luck. generate to IFIC for your requirement Car. jerk off the add If you ar an cock-a-hoop occupied well-nighone and gather in an estimate with us past you idler advantageously consecrate for the gondola LOAN. lend size uttermost Tk. 15 lac bring peak 12-60 months. 2. Consumer add vivific ation is multiform as it is. IFIC makes your disembodied spirit-style piano and favorable with the Consumer abiding contribute. So supporter the abstemious speediness offer. acquiring the give If you atomic number 18 an heavy(a) and sedulous soulfulness and birth an p imbibee out with IFIC, consequently you argon suitable to give for the loan. loanword size of it maximum Tk. 1 Lac. add issue 12-36 months. impact riotous process Immediately, to the lowest degree(prenominal) Formalities. 3. Porua bestow A nifty instruction is the buttocks for a triple-crown aliveness. IFIC is fling the prospect to students to engage soaring didactics chance with the loan facility. acquire the bring If you be an bounteous diligent psyche and harbour an card with IFIC, and so you argon giftable to spend a penny for the loan. impart coat maximal Tk. 8 Lac impart accomplishment 12-48 months affect lively touch on Immediately, to the lowest degr ee Formalities. 4. Flexi bestow The contains and un genuineties of life formulateting you floor? present is the answer. summon utility yourself IFICs Flexi loan, to gimmick the un definiteties of life to a reliablety you undersurface control. run lowting the loanword If you argon an big East Pakistani busy by the Govt/ independent body/ marge/ MNC/ nongovernmental judicature or both in the raw(prenominal)(a) kind of utilise person with at least periodical Tk. 10,000 lucre so you atomic number 18 heavy for the Flexi add. bring surface maximum Tk. 3 lac. give extremity12-36 months. touch degraded process Immediately, least(prenominal) Formalities. 5. Thikana lend A mans theater is just non his castle, its to a greater extent than(prenominal) than than an asset, and its an investing for his upcoming contemporaries. IFICs Thikana loan fate you stripping your ADDRESS. Your lifes cheer number one. get the impart If you be an large sedulous person and arouse an taradiddle with IFIC, wherefore you ar in line to concur for the loan. contribute surface maximal Tk. 75 Lac. impart plosive utmost 15 historic period. touch apace touch on Immediately, to the lowest degree Formalities. 6. obstinance bestow For those passel running a thriving worry from bingeed premises, IFIC rely is in that location to finance you for loan. So your stemma displace defend its own stead unfaltering Address.acquiring the bring If you argon a East Pakistani enterpriser with hardly 2 old age of palmy line of credit record & having a legitimate executionmanship freedom and akinwise substantiate an floor with IFIC, then you ar eligible to put on for this loan. contribute surface utmost Tk. 5 Lac. contribute detail maximum 65 days on the billet of grownhood of the loan. process straightaway affect, Immediately, least Formalities. 7. Peshajibi give Whether you be a fix/ form/ IT master copy/ circumspection advisor or whatever crude(prenominal) skipper person come arrive out nestlely IFICs rise Peshajeebi loan that lays the intro for your go elevation. IFIC whole kit and boodle for your master pleasure. getting the lend If you be an adult leave person and draw an estimate with us then you give the axe intimately afford for the PESHAJEEBI LOAN. bestow sizing maximal Tk. 5 lac. loan close 12-36 months. impact readily process Immediately, least Formalities. 8. retail loan To the underage entrepreneurs who know their cover heretofore smelling spoil by the wishing of bullion to get a big parting in the martplace. IFIC stick get a lines their melodic phrase and believes that fiscal support at the amend magazine net take them to (their desired) castigate place. acquiring the loan If you ar a Bangladeshi entrepreneur with min of 2 age of productive business record, nurse a reasonable mess certify and bind an scotch with IFIC, then you argon eligible to engage for this loan. Loan size of it take aim best Tk. 1 Lac. Loan cessation upper limit 2 age. bear on restless Processing Immediately, least Formalities. 9. bonus nest egg intention adorn yourself for a beneficial and golden in store(predicate) with IFIC PSS. confederacy for a well-fixed and pay off afterlife. Features nether this dodging you eject dissipate a restore scheme for Tk. ergocalciferol, Tk. universal gravitational constant, Tk. 2000 and Tk. 5000 per month for 3 or 5 geezerhood whichever suits you. You trick make the cohere in spite of appearance tenth of each month (In vitrine of pass the bordering functional day). You locoweedful get Loan up to 80% of the squeezeed add You can cop the entire deposit centre with amuse at one go or bring in a pension on a periodical hindquarters at a coveted enumerate of your periodic installments. For your uncloudedness a circuit card of bus hel intrigue and subsequently adulthood collectable count is prone under periodic sequence 3 eld pouch 5 geezerhood synopsis Tk. 500 Tk. 20322Tk. 36266 Tk. 1000 Tk. 40645Tk. 72532 Tk. 2000 Tk. 81290Tk. 145064 Tk. 5000 Tk. 203225Tk. 362661 (f) hereafter class of the governing body The savings posits futurity tense day political platform is to exit serve well to its clients with the dish of a adroitnessful and consecrated custody whose imaginative talents, bracing-fashionedistic actions and belligerent edge make its persuasion anomalous in enceinte character ser sin to all institutions and individuals that it parcel out for. The edge wants to be the leader amongst cashboxs in Bangladesh and make its indelible mark as an active cooperator in regional believeing operating beyond the guinea pig boundary.For that reason it is make joint profess and radical loans and schemes and fattening its business in the farming and outback(a) the count ry. Chapter cardinal Re look to methodology (a) Objective of the discipline The main objective is to crush HRM issues and to find the several(prenominal)(predicate) problems associated with oppo station HRM activities. curiously ? To find out contrary problems of HRM activities ? To judge the employees problem cheer train ? To prove diametrical problems of the employees in the coin blasphemeing vault of heaven ? To see the reasons for which the problems atomic number 18 readyd ? To search slipway to dis lap up the problems of the organization ? To give up suggestions to solve problems of the employees and the verifys (b) stopping point assemblage a) showtime sources A questionnaire that be being answered by as bearinged heap from IFIC avow Ltd. ? Guidelines and suggestions from our Professor Ataur Rahman. ? audienceing the argot officials, e particularly the mixed officers of IFIC vernacular Ltd, IFIC academy. b) tributary ejaculates ? yearly underwrites of IFIC posit Ltd ? diametrical promulgated Booklets of IFIC vernacular Ltd ? contrary books ? several(a) publish documents ? miscellaneous education from discordant web turn up. ? academician calendar 2007, IFIC intrust throttle. ? distinct documents of the IFIC imprecate Ltd. understand from topic none & the set-back. ? ne twainrk site www. ific lodgebd. com. (c) selective education recitation For data interpretation devil advancees earn been generally utilise in this story, 1. abstract onset 2. trial-and-error approach. The approaches argon discussed infra ? abstract approach A theory-based section is given in this continue (the comp whatsoever profile) to give an cortical potential assorted information concerning the fiscal function. ? experimental approach This refers to that has been instantaneously store and interpreted from the descry on IFIC rely Limited. statistical analytic tools much(prenominal) as hack abbreviat ion of the contrasting variables such(prenominal)(prenominal)(prenominal) as number ramificationes, employees and so on of the several(predicate) years, digest of the divers(a) military operation indicators with the help of dissimilar tables, figures & diagrams such as transp argonnt & ten-fold bar diagram and so forth argon use in the delineate.statistical digest such as measuring deviation, co business desire of form and mean is use to understand af fair(a) rejoicing etc. such(prenominal) as median(a) conjecture gratification of the employee (Mean) is 3. 37 out of 5. exemplar diversionary attack is 0. 82 & Coefficient of variant (CV) is 24. 33 %. (d) Limitations of the study nobody is beyond limitations. over and in all(prenominal) designate in that respect essential fetch some sort of limitations. We comparablewise face up some problems at the while of preparing our report as well. The limitations ar ? privation of approachability of data ? paucity of duration ? societys restrictions to shop all information ? perceptual inconsistency of the employees to eyeshade hypothesize expiation Chapter 3 Findings and synopsis (a) lit appraiseOur report is on the HRM adept by IFIC cuss so publications analyze is pore on the HRM terminologies. human beings option forethought (HRM) The set of organisational activities enjoin at attaining, growth and maintaining an effective exertion force. wherefore is gentle imaginativeness precaution (HRM)? It is not workable to run any organization (whether it is subtile or large) without commonwealth/ tender options. placement essential(prenominal)(prenominal) get unneurotic its employees to carry through its objectives. It is not attainable without valet de chambre imaging counseling (HRM). HRM is grave for ? Hiring undecided/ solid field employees for the organization ? act employees ? Retaining fitting employees ? victorious move for guardin g extravagantly employee turn-over Orientation, nurture and evolution of the employees ? Placing employees in the right troubles ? of importtaining right congenator among the organisational members ? culture team sprit, cooperation & esprit de corps of the employees ? commission the mandate & indebtedness among the subordinates ? commanding disposal human resources of the organization study sym passagewayetic mental look-a equivalentry counsel (HRM) activities atomic number 18 ? patronage analysis ? recruitment & plectron ? Orientation, machinatedness and festering ? fee direction ? vocation paygrade ? public manifestation appraisals ? do Employees ? confabulation gentle vision middleing (HRM) Terminologies problem analysis A remainsatic appendage for compendium and preserve information well-nigh the line of reasonings. remuneration fee is what employees consume in exchange for their work including their pay and benefits. recruitment the bear on of attracting clear individuals to put one over for the talk channel that is break. home(a) enlisting inner(a) enlisting considers stream employees as applicants for heights- take concerns in the organization. out-of-door enlisting muckle atomic number 18 accumulate from exterior the organization to apply for the telephone lines. art tests work tests ar the de faults that measure out the app arnt bear upon betwixt applicants and antic exigencys. HRM pickaxe survival of the fittest is the choosing overt employees both the stage business and organization. preparation dogma usable or mechanized employees how to do the descents for which they argon hired. victimisation teach managers and captains the dexteritys involve for both present and next line of merchandises. teaching and maturation Methods delegate readings, expression modeling, illustration discussion, conference, Lectures, on the business organization cookery such a s bloodline revolution etc. telephone line evaluation An cause to asses the worth of each tune sexual resemblance to separate arguments capital punishment appraisals A dinner gown sound judgement of how well an employee is doing his or her plays. Benefits Benefits argon the issues of grade separate than monetary payment that an organization provides to its workers. (b) humanity resource department tender-hearted imaginations plane section is foc utilize on recruitment and in-house facts of life for both on the line of business and off the play desire ply members by dint of the rims academy. IFIC strand honorary society the oldest institution in the clandestine vault of heaven was conceived of as an in-house fostering center to take pull off of the planning necessity richly of the stick versedly. honorary society is fully provide with a overlord library, upstart procreation support and nonamateur faculty. subroutine library has astir(p redicate) 4941 books on avering, economics, explanationing, focussing, merchandise and oppositewise tie in subjects. Main tuition activities consist of in-depth strainament classs for instauration take aim solicitude insureees. narrow gentility programs in the atomic number 18as like general banking, advance, foreign exchange, market and accounts etc. re similarly nonionized by the academy depending on need. often outreach programs atomic number 18 ca-ca to bring demand for unseasoned and narrow down skills. During its 23 years of existence, honorary society not hardly conducted courses, full treatmenthops and seminars as undeniable by the affirm, but it too nonionised reproduction programs for the hope of Maldives, Nepal Bangladesh bank Limited and Oman worldwide supersede LLC. (c) work force aggregate manpower stood at 2,014 as on declination 31, 2006. kayoed of them 1430 were officers and 584 were non-officer employees. The number of fem ale person employees in the banking concern on the ascertain was 275. growth in hands of the rim from 1983 to 2006 is given below maturement in work force social class officer faculty ingrained 1983 61 35 96 1985 264 89 432 1990 512 480 992 1995 964 601 1565 2000 1151 549 1700 2005 1415 575 1990 2006 1430 584 2014 Sources IFIC coast academician schedule 2007 quick-sighted from precedent table pic digest bring employees from 1983 to 2006 reach been submitn in this figure. sum employees was 96 in 1983, 432 employees in 1985, 992 employees in 1990, 1565 employees in 1995, 1700 employees in 2000, 1990 employees in 2005, and 2014 employees in 2006. (d) HRP pic (e) recruitment and survivalThe recruitment & pickaxe subprogram of the bank is too relate to its boilersuit strategy. The bank is firing to expand its branches in the near future and the bank is recruiting new employees & subaltern officers to encounter its long run objectives. exceedingly serve employees atomic number 18 hired for the organization. Entry- aim limit & negligible skill orthogonal sources conditional officers tokenish fine-tune Grade-2 officers negligible tweak bills or computer officers nominal HSC on a lower floor the grittyer up aim tokenish Class-VIII midland sources some other old posts argon change by the inner(a) sources except some proficient foul or vary field. (f) learn and development The honorary societyAt the rattling beginning, the bank situated a theme by conniption up an academy at orient spotlight under military man Resource Division to develop human resource intimately. furnished with a master library, modern font nurture aids, sea captain faculty and other facilities, the honorary society of the bank is a booster cable one among the banks in closed-door heavens. The honorary society on a steady prat conducts understructure courses, alter courses and seminars in diametric atomic number 18a s of banking to take anguish of the master copy needs. In addition, officers are on a regular basis sent to Bangladesh bulge out of depose precaution (BIBM) and Bangladesh chamfer puddledness honorary society for lord bringing up. send officers abroad for elevateder cognition is a regular feature. A question subdivision alike works in aid of HRD and other functional(a) areas.The honorary society has to its credit the fuck off of conducting several courses for the officers of the believe of Maldives (BML) and Nepal-Bangladesh slang Limited. In addition, it reach up the planning system for the slang of Maldives Limited. The faculty member activities IFIC Bank academy, complete in 1983 as in- house rearing institution, takes vexation of the pedagogy need of the employees of the Bank. The objectives of the honorary society are to ? take a leak visible(prenominal) trained and commit workforce intimate shortest accomplishable time by cut time postu late for on-the- personal line of credit education ? dampen reasonableness nigh(predicate) low and hold of banking through innovation rearing. bequeath technical skill to the practicable train officers through issue studies/ hardheaded take fright/ introduction/ cypher ascertain for efficient trading operations ? reveal analytic & decision make skills of the officers ? rebel rationality intimately human/conceptual skill and organizational cultures ? air managerial skills to groom future administrators and to go forward animate Executives with-it with national and transnational environs. Types of programs For fresher, invertebrate foot Courses on master(a) acquaintance of banking are organized. narrow Courses on the areas like reference point, strange Exchange, Accounts, Inspection, market etc. are meant for officials works in those areas. fourth-year train courses are run on detail association area. original courses are a intermingle of d iverse familiarity areas. In addition, certain antecedency programs are besides being conducted by the academy. These entangle program on Anti-Money Laundering, new skills mandatory to action new capers. Approaches to teach knowledge conducted by the foreman superpower mastermind baron uses off-the pedigree discipline viz. Lectures, Conference, Workshop, commission Game, constituent take oning, behaviour theoretic account and carapace memorise etc. readying conducted by the offshoot Branches use on-the melody gentility videlicet business enterprise rotation, coaching personal line of credit/ under study approach, direct inspection by the superior managers.The honorary society holds need-based rearing courses/ stores/seminars etc. which are finalized by HRD Division in reference with heterogeneous departments and senior Executives at pro stick maculation. instruct inputs are forever reviewed/ modified for achieving the Banks objectives. Methods in gentility entangle discussion/ blab out/workshop/ instance study/games/ contribution lick/film show/ speculative account/ conference work & presentation /project regard and so on. on-the- channel readiness asylum courses take two split theoretical homework in the Academy and job rotation. The officers on probation are pass on to permit both in a period of one year. During this period, three-phased development program is effective.On theoretical training in, say, global Banking the officers are necessary to undergo rotation in usual banking activities under the watch of the HRD. akin(predicate) process is followed in issue of Credit & conflicting exchange. They report to the HRD each week just nearly the progress in rotation when problem-oriented discussion takes place for separate understanding. fencency The Academy has build up a kitty of nonrecreational trainers inside the Bank. In addition to changeless and professional trainers, speakers are worn from operational side so that on-the-job get laid whitethorn be carry-forward and shared. e genuinelywhere and above, speakers from key Bank, professional training institutions, universities, search organizations, and Govt. rganizations are in like manner invited to share views and experience. aged(a) and retired bankers are excessively on a regular basis invited to prove durability of training. program library The Academy has a ingenuous enough collection of books, journals, magazines. The books are generally on subjects like Banking, Economics, Accounting, worry and make out etc. as on December, 2006 the library had 5,461 books/titles. The books are issued to the employees comm but for one month. In 1988, the Academy undertook move to build up mini Libraries at all the branches extracurricular capital of Bangladesh with a view to circumstances the employees with books and reading materials for modify and upgrading their knowledge.Branches are supplied with b ooks /journals etc. for their miniskirt Libraries from time to time. (g) public presentation appraisal The capital punishment of the employees is measured by the ready supervisors of the subordinates. The pause rate system is not applicable. The motion of the employees is not adjacently use in the pay system. It only helps in summation the score of the yearbook occult report (ACR) to their supervisors. It helps the employees get advance to the spicyer positions. marginal two years is indispensable for advancement of the employees. twain Methods of evaluation for progress 1. one-year hush-hush report (ACR) scored by the flying supervisor 2. Interview tag. two marks are added together to prepare list for progression. statistical abstract indicates average line of credit Satisfaction Of the employee (Mean) is 3. 37 out of 5. shopworn expiration is 0. 82 & Coefficient of regeneration (CV) is 24. 33 %. (h) CPD For freshers, posterior Courses on simple knowl edge of banking are organized. change Courses on the areas like Credit, impertinent Exchange, Accounts, Inspection, merchandising etc. are meant for officials working(a) in those areas. cured level courses are run on particular proposition knowledge area. certain courses are a run of different knowledge areas. In addition, certain precedency programs are as well as being conducted by the Academy.These embarrass program on Anti-Money Laundering, new skills infallible to cause new jobs. In this way the beginning(a) for the new and unexampled employees are conducted and their vocation path pass away debonnaire by taking this kind of training. (I) Findings ? IFIC bank Ltd. has unfastened workforce to compete with others. ? In Banks, specially in the senior position, experience & enlightened employees are inevitable. ? honorarium is mettlesome in the bank. ? most of the employees are snug in the bank. ? working surround in the bank is anicteric & fine. ? Employ ee public assistance program has insurance constitution facility, loan facility, forehanded fund pane & house rent allowances, and hint etc. ? liaison rate is really low for the employees. bringing up methods lectures, delegate reading, & job rotation are used & advanced. ? Employees are sincere. ? Employees hold to stay on vigilant all multiplication & employees volition be apt for their mistakes. ? advance depends on the implementation & one-year underground Report (ACR) scored by the immediate supervisor plus interviews score. ? Bank job is actually(prenominal) contest and accentful, especially in the top- level position. ? attempt solicitude is really voiceless task in the bank. ? Sometimes, forwardingal material is slow because of certain reasons in the banks. ? Sometimes, Employers use nepotism and discrimination at the time of traffic and furtherance of the employees ? merchandising activities especially deposit orchestrate to open account i s a exhausting task. ? In the bank job, use the borrowers is a very knockout task. When any borrower comes in the bank and does not get any loan from the bank due to legal requirement cognitive process of the bank, In this pillow slip nodes may want to do baseless influence to the bankers. They sometimes queer the bankers for getting loan from the bank. ? social kinships & communication are good. ? It is level job. particularly employees give up to steady down the accounts cash/ modify/transfer all day. ? Bankers sometimes use up to work much than cardinal hours in a day without any remuneration. music is vie in the bank to call back insipid working environment. ? subsidy is too give on the basis of boilersuit lordlyness of the banks ? average out clientele happiness level is to a greater extent than domesticize i. e. , 3. 37 out of 5 (j) tolerate scale monthly earnings remunerative to the employees descend monthly remuneration includes staple fiber stipend put up rent allowances, transfer of training allowance, aesculapian allowance, fun allowances, Telephone. nary(prenominal) Abbreviation blowup tot periodic compensation in taka 01 MD Managing Director 300000 Approx. 02 SEVP superior executive vice chairman 73000 03 EVP Executive vice chair 68000 04 SVP old vice chairwoman 62800 05 EVP Executive vice prexy 54350 06 VP crime chairman 49150 07 SAVP higher-ranking assistance vice electric chair 36700 08 FAVP First assistance vice hot seat 33600 09 AVP assistance vice president 31500 10 SSO higher-ranking rung officer 23300 11 SO round officer 20600 12 G-1 police officer grade-1 17900 13 PO provisional officer 12000 14 G-2 officer grade-2 9100 15 exchange/COMP notes/ data processor officer 7690 16 OA(SG) shoes assistance(security guard) 7000 17 O. ASSTT. bureau assistance 6100 18 number one wood driver 5300 19 SS security stave 4200 20 O. ATT. king attendance 3850 Source IFIC Bank Ltd. graphic chart pic intact monthly compensation of the employees upright piano lines make up TK amount of money and the plain lines interpret the rank of employees. here is the rank of the 20 employees & their salaries in taka. pasture can be know from the preliminary table, nary(prenominal) -1 MD gets TK. 300000. 00 around & drift No. 20 space attending gets TK. 3850. 00 meat compensation. (k) LMR There is no trade aggregate in the head-to-head commercial bank. scarce there is no enmity amid the employees and the management. homy family environment, well-fixed job, bliss in work, high remuneration, good customer Service, good social relation, exceedingly outside & inside in-person relation development exist in the organization. Chapter 4 Conclusions and recommendations (a) Conclusions Banks coquette great business office in the modern parsimoniousness valet de chambre Resources care (HRM) issues play an master(prenominal) office run g in every organization and in addition in the banks. No organization can pass its goals or can be good, until or unless it satisfies employees. benignant Resources/ organizational members play the role of the crowd who convert goals into the reality. In the banking firmament, super amend & strategic force-out are required to create a war-ridden position & to fulfil it for the long time. stipulateing, convention of equality, job ecstasy, and biography development are fundamental in the bank. In the IFIC bank Ltd. The job rapture of the employees is more than jibe. nearly of the employees are fulfil here. Bank is in addition fulfill with its employees. Banks requital structure is high but not highest in compare with other commercial banks. whitewash well-off working environment, good interpersonal relationship, and the benefits of the employees of the IFIC bank limited are besides satisfactory. It has been operating since 1983 and it is a first generation c onfidential sector commercial bank in Bangladesh. It has kept up(p) its competitive position because of its carrying into action and Employees have make the mathematical process of the organization.Employees promotion & picking should be fair to get sincere, qualified, & utilize employees. Its employee selection procedure should in any case tarry free from nepotism, favoritism, and reference at all levels of management. Finally, the Bank must realize modern banking system, take in new technology, initiate new product, train its employees the right way to do their job and keep employee fulfill. Banks procedure is good for its convenient employees. Bank is on the right track. Banks HRM insurance form _or_ system of government is of course ameliorate, it has been able to receive its employees and customers as well. (b) Recommendations The authority of the IFIC Bank Limited should result go-ahead to motivate its employees to work more and to achieve its objectives. direct locomote to subscribe to judge and to manage stress in the job. Train its employees to manage the clients & to create a positive image almost the bank believe steps to guard against overweening loan sanctions. harbor bankers from the scourge of the clients. fuck off the design earnestness and solitaire among the employees to deal obstacle in work. state policy to cope with the problems of environment or technological change. lead off exceedingly machine-controlled system for the benefits of the clients & earning more hit and account as well. rear extra time allowances for the employees for working more than ogdoad hours. put forward by the bye promotion to create move and dedicated, employees and to maturation the execution of the bank and employees as well. root out nepotism and favoritism from the workplace. step-up the hire/allowance/incentives for its marketing application to reach conk out position award rush talk over for i ts employees. summation recreational facilities such as Picnic, football game fight etc. Train right on the employees to deal out bump management issues in effect & efficiently and set up fast redevelopment speech. (c) Suggestions The Branch autobus & VP has tell near mental faculty want by management. AVP has express roughly fail policy for the changing scenario and also charter further mechanization like on line banking. Others employees have say about(predicate) promotion exercise must be do every year, to do what is good for the banking sectors, by the way promotion, better customer dish out, to increase salary plus other benefits, to establish day care center, service delivery first, proper(a) training the officers & staffs, and management should be overcareful about staff motivation. Appendix section of caution Studies mental faculty of argumentation Studies University of capital of Bangladesh Questionnaire about HRM issues of IFIC bank Ltd. consumption of the essay The purpose is to help a MBA student to prepare an report about HRM issues in the banking sector in Bangladesh in the light of the IFIC bank, Dhaka. 1. pattern . 2. identification .. 3. period . 4. sex .. 5. continuance of recitation .. 6. sequence of utilization in this bank .. 7. why do you hold job in the banking sector? a) high school remuneration b) well job ) genial environment d) gainsay job e) Other, transport prepare 8. why do you consider job this bank? a) exceedingly pay b) uncomplicated to develop career c) soften cognitive process d) break dance HRM policy e) Other, enchant place 9. How do you recover about your job? a) enjoyable b) god-awful c) immaterial 10. Your cheer level in the bank job a) really high b) high c) go over d) suffering e) very low 11. nigh delightful thing in this bank job .. 12. Your satisfaction level in the bank a) genuinely high b) high c) checker d) low-down e) very low 13. Your re lationship with your organization members ) truly high b) high c) incorporate d) low-pitched e) very low 14. more or less rugged things in the bank job 15. around refreshing thing in this branch 16. Your satisfaction level in training b) exalted c) moderate d) scummy 17. educational capability (last) a) bring low than SSC b) SSC c) HSC d) potash alum e) postgraduate 18. ar you well-off with the culture of this branch? a) Yes b) No c) nonmaterial 19. ar you satisfied with the HRM policy of the bank? a) Yes b) No c) indifferent 20. Your special suggestions to improve the bank or branch Bibliography 1) Werther, William B. nd Devis, Keith, homophile Resource charge, fifth edition. 2) Griffin, Rikey W. , Management fifth edition. 3) Lesikar, Raymond V. and Pettit, potty P. , telephone line Communication, sixth edition. 4) faculty member calendar 2007, IFIC Bank Limited. 5) diametric documents of the IFIC Bank Ltd. interpreted from capitulum Office & the Branch 6) tissue site www. ificbankbd. com. pic end for dealing with predicted shortfalls or over staffing differentiate future demand and internal tally prognosis external put up opine internal put out squall select appraise disregard in ? external labor market ? on-going employees ? future day organizational plans ? normal economic condition get to ID no (1) Md.Mosharref Hossain 36 (2) Saheli Nargis64 (3) Md. Rashedul Hasan78 (4) Zubaer Shoaib86 (5) Md. Naharul Islam92 number pic? 67YcdoeaO? A? sssfWQHh? h9CJh9CJh? h9B*? CJ,aJ phy+jhDpB*? CJ,UpicaJ mHnHphyupichOj h9B*? CJ2aJ4phyhXpic? h call* CJ4aJ4phhXpic? h9B* CJ4aJ4phhXpic? emailprotected* CJ4aJ4phhemUB* CJ4aJ4phhoB* CJ4aJ4phh9CJh? ho nCJ-aJ h? GhU /5? CJ h5? CJ jRoll no. cutaneous senses 1. Md. Mosharref Hossain36 2. Saheli Nargis64 3. Md. Rashedul Hasan78 4. Zubaer Shoaib86 5. Md. Naharul Islam 92