Human Resource Practices in the Banks of Bangladesh

Human Resource Practices in the Banksof Bangladesh

Management Fundamentals: B-106

Submitted to: MR. Shahidul Islam Jahid

LecturerDepartment of BankingUniversity of DhakaSubmitted by: Md. Mezbaul Haider (16-030)Md. Mashrur Ali (16-031)Nazim Reza (16-011)Tauhidul Islam (16-071)Rafsan Mahtab (16-087)Rezaur Rahman (16-040)Nahid Bulbul (16-078)16

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BatchDepartment of BankingUniversity of DhakaDate of Submission: 23

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November, 2010

Executive Summary

Human Resource Management (HRM) is the function within an organization that focuses onrecruitment, management and providing direction for the people who work in the organization.Human Resource Management is the organizational function that deals with issues such ascompensation, hiring, performance management, organization development, benefits, employeemotivation, communication, administration, and training.As we are assigned to prepare a report on the HRM practices of three banks including the centralof bank of Bangladesh, we have selected Shahjalal Islami Bank ltd. and HSBC for this purpose.Bangladesh Bank is the central bank and the guardian of the money market in this country. TheHuman Resource department of Bangladesh Bank is consisted of three divisions including

"Planning and Resourcing Division", "Development and Benefit Division" and "Performanceand Reward Division". Bangladesh Bank has a total of 1803 employees in their various

departments. Unlike other banks, its highest post in organization hierarchy is the Governor. Thisbank follows its unique recruitment process. After recruiting people they give training to theiremployees. They also provide them with proper compensation, leave and special rewards andbenefits.

With the motto "Committed to Cordial Service" Shahjalal Islami Bank Limited (SJIBL)

commenced its commercial operation in accordance with principle of Islamic Shariah. SJIBL hasa modern Human Resource (HR) policy. Since its inception, it has placed equal emphasis on allthe four key functions of the process of HRM-acquisition, development, motivation andretention. SJIBL has about 964 employees working in their various branches. Like othercommercial banks, their highest rank is the Managing Director. They follow an organizedrecruitment process for recruiting people. Like other commercial they provide training to theiremployees and offer attractive salaries, leave and benefits.

HSBC, known as the world's local bank, started its operation in Bangladesh in December 1996.

HSBC is the bank where all the employees are monitored under an effective HR department.Internal and external all the situations and considerations related to human are monitored andoperated by the HR department. They have a total of 1073 employees as of 31 December 2009.They have an organized organization Hierarchy which starts from the Managing Director. Theyalso follow their unique and organized recruitment process. They provide their employees with awide range of trainings to develop their skills. It offers their employees very attractive salaries,leave and benefits which makes this bank the main attraction of many job seeking people .

Contents

Chapter Topic Page1

Companies' profile

12 Profit Analysis 13 Number of Staff analysis 14 Current asset analysis 15 Long term asset analysis 16 Current liabilities Analysis 17 Long term liabilities Analysis 28 Return of asset Analysis 29 Equity Analysis 210 Return on Equity 211 Conclusion 312 References 3

Date: November 22, 2010Mr. Md. Shahidul Islam JahidCourse InstructorManagement FundamentalsDepartment of BankingFaculty of business studiesUniversity of Dhaka, Bangladesh.Dear Sir,

It gives us pleasure to submit the report on "Statistical Analysis of Financial Statements" on the

basis of the two companies: Singer BangladeshLtd. and PRAN AMCL as you authorized us toprepare by November 22, 2010.It was a fantastic opportunity for us to prepare the report under your guidance, which really was agreat experience for us. We have collected the information from their annual reports, websitesand text books.We have worked hard and tried our best to prepare the report. We will be very pleased to providefurther information if necessary.

1.1 Bank's Profile: Bangladesh Bank

Bangladesh Bank is the central bank and monetary authority of the country. It has come intoexistence under the Bangladesh Bank Order 1972 (Presidential Order No. 127 of 1972) which took effect on 16 December 1971. Through this order, the entire operation of the former State Bank of Pakistan in the eastern wing was transferred to Bangladesh Bank.Bangladesh Bank has been entrusted with all the traditional central banking functions including thesole responsibilities of issuing currency, keeping the reserves, formulating and managing themonetary policy

and regulating the credit system of Bangladesh with a view to stabilizing domesticand external monetary value and promoting and maintaining a high level of production, employmentand real income in the country. The bank acts as the banker to the government and acceptsgovernment deposits, cheques and drafts, and undertakes collection of cheques and drafts drawn onother banks. The bank transfers government funds from one place to another as requested by thegovernment and its agencies.Bangladesh Bank has 9 branch offices, two in Dhaka city(Sadarghatand Motijheel), and one each inChittagong, Khulna,Rajshahi, Sylhet,Bogra, RangpurandBarisal.The head office discharges its duties with 28 departments. The departments are International, Law, Financial Institutions, Computer(2), Agricultural Credit, Agricultural Credit Inspection, Agricultural Credit Project, CreditInformation Bureau, Research (3), Public Relations and Publications, Audit and Inspection, Statistics(2), Engineering, Problem Bank Monitoring, Administration, Training Academy, Foreign ExchangePolicy, Foreign Exchange Inspection, Foreign Exchange Investment, Administration andExpenditure, Banking Inspection, Banking Regulation and Policy, Banking Operation andDevelopment, Monetary Management and Technical Unit, Currency Management and Accounts,Industrial