The focus of this discussion is on communication and listening. The results, the problems and the possible solutions are discussed with the aim of problem solving and reaching consensus. Performance appraisal feedback by managers should be in such way helpful to correct mistakes done by the employees and help them to motivate for better performance but not to demotivate. Performance feedback task should be handled very carefully as it may leads to emotional outburst if it is not handing properly.
First Security Islami Bank Limited is dedicated itself towards the welfare of the society. Large multi-national companies were the first to identify CSR as a potential tool to improve performance and now through their supply chain they are asking suppliers to comply to their standards.
CSR practice in Bangladesh is a new dimension which is the main focus point of this paper. Since then, First Security Islami Bank is carrying the social welfare, education, humanitarian help programs activities and so Hrm practice of fsibl, one of the reputed first generation banks in the growing banking sector in Bangladesh.
It obtained permission from Bangladesh Bank on 22 September to commence its business. The Bank carries banking activities through its Fifty two 66 branches in the country. The commercial banking activities of the bank encompass a wide range of services including accepting deposits, making loans, discounting bills, conducting money transfer and foreign exchange transactions, and performing other related services such as safe keeping, collections and issuing guarantees, acceptances and letter of credit.
Mission of the Bank The bank has chalked out the following corporate objectives in order to ensure smooth achievement of its goals: To be the most caring and customer friendly and service oriented bank. To create a technology based most efficient banking environment for its customers. To ensure ethics and transparency in all levels.
To ensure sustainable growth and establish full value of the honorable shareholders and Above all, to add effective contribution to the national economy.
To provide efficient computerized banking system. To enhance foreign exchange operations. To accept deposits on profit-loss sharing basis. To establish a welfare-oriented banking system.
To play a vital role in human development and employment generation. To contribute towards balanced growth and development of the country through investment operations particularly in the less developed areas. To establish participatory banking instead of banking on debtor-creditor relationship.
This bank is one of the most disciplined Banks with a distinctive corporate. Here we believe in shared meaning, shared understanding and shared sense making. They mould their manners and etiquette, character individually to suit the purpose of the bank and needs of the customers who are of paramount importance to the bank.
The people in the Bank see themselves as a tight knit them that believe in working together for growth. The corporate culture of bank belong has not been imposed; it has rather been achieved through banks corporate conduct.
Bank follows a standardized human resources policy. Usually internal recruitment procedures are considered to fill up the mid and top management positions, while entry-level positions are filled with regularly through competitive recruitment exams.
Corporate Governance Corporate governance is about how corporation is running its operations to achieve its corporate objectives. Bangladesh Bank BB gives emphasis on implementing corporate governance among the financial institutions and to do that, BB emphasis implementation of the guidelines issued by them for improving corporate governance in banking.
These can be reflected in the quality of financial reporting and disclosures; strength of internal control system and internal audit function induction of professionally competent, independent non-executive Directors on corporate Board; formation of Audit Committee; delegation of authority to executives and staff; protection of corporate governance for strengthening organizational strength.
With a view to ensure effective participation and deep interest in the affairs of the company and as per Articles of Association of the Company and as per Bangladesh Bank Circular No. Executive committee Executive Committee FSIB has constituted 09 members executive committee of the board as per Bangladesh Bank guidelines to ensure corporate governance in the business of which managing director of the Bank is Ex-officio Member.
The executive committee of the board are responsible for developing policy and strategy for smooth operations of business and business development of the bank to ensure maximization of shareholders wealth protecting other stakeholders interest in the company Mr.
He is very dynamic person and leading the executive committee of the bank in a very manner.hrm practice in bangladesh industries Assignment Topics: HR practices in our organization EMBA Program for Engineers Human Resource Management Batch – 11th, 2nd Semester Introduction: The role of Human Resources is changing as fast as technology and the global marketplace.
Historically, the HR Department was viewed as administrative overhead. Internship Report On “Compensation Package and Employee Job Satisfaction of First Security Islami Bank Ltd. (FSIBL)” An internship report submitted to the School of Business Studies, Southeast University, Dhaka In partial fulfillment of the requirements for the award of the degree of Master of Business Administration Major in HRM Submitted.
Human resource management is both an academic theory and a business practice that addresses the theoretical and practical techniques of managing a workforce. Human resource management has its roots in the late and early 's. Ceridian: Better Human Resource Management - An Introduction to Ceridian's Best Practices Case Studies About the Author Ruth Mayhew has been writing since the mids, and she has been an HR.
The most difficult part of the Performance appraisal process is measuring the actual performance of the employees that is the work done by the employees during the specified period of time. It is a continuous process which involves monitoring the performance through ou t the year.
Resume: Human Resource Management Practice and Firm Performance By: Syndicate 2 Human resource management Practices (HRMP) to have positive influence and give impacting on organizational performance through a “high road” approach which has become a key element in HR literature.
High road approach means that some HRMP are universalistic, appropriate and advantageous for all firms.