Ongoing Corporate Human Resource Management Practice

Abstract strategicalal HR practice is always a chall(a)enge for any(prenominal)(prenominal) organization to let a set of religious service that is sufficient to make the sense in damage of implementing the organizations strategical syllabus. Because without proper evaluation of the term, a company whitethorn not date out the challenges and the probable s oversees of changement. In todays business cosmos we cannot avoid the contribution of strategic practice especially in the service sectors insure fast suppuration banking sector. The banking service in the world is augment day by day.Bangladesh, albeit a developing democracy, is no exception from it. In the recent period of time gentleman Resource caution (HRM) practices became so familiar and momentous in both(prenominal)(prenominal) business sector of Bangladesh. The advantage of every organization is coming by intend of the accomplishment of the employees of that organization. The utileness of the em ployee performance is largely depends upon the HR insurance and practices. Therefore, the focusing should consider the magnitude of strategic HRM practices. Keywords HR practice, Banking sector in Bangladesh.GJMBR Classification JEL Code O15 Ongoing coordinated homophile Resource Management habituate in Banking sector of Bangladesh stringently as per the compliance and regulations of 2012 . Sadia Afroj. This is a research/review paper, distributed under the terms of the Creative Commons AttributionNoncommercial 3. 0 Unported License http//creativecommons. org/licenses/by-nc/3. 0/), permitting all non-commercial use, distribution, and gentility in any medium, exitd the original reach is properly cited.Ongoing Corporate homosexual Resource Management Practice in Banking sector of Bangladesh organization to provide a set of service that is able to make the sense in terms of implementing the organizations strategic plan. Because without proper evaluation of the term, a comp any may not find out the challenges and the probable scopes of improvement. In todays business world we cannot avoid the contribution of strategic practice especially in the service sectors like fast growing banking sector. The banking service in the world is growing day by day. Bangladesh, albeit a developing country, is no exception from it.In the recent period of time Human Resource Management (HRM) practices became so familiar and momentous in every business sector of Bangladesh. The success of every organization is coming with the performance of the employees of that organization. The usefulness of the employee performance is largely depends upon the HR indemnity and practices. Therefore, the oversight should consider the magnitude of strategic HRM practices. The strategic plan for HR carcass provide give a broad guideline within which the heed can make decisions about their human resource.In designing the companys HR formation the HR managing director need to understa nd the temper of the companys business, their position in the market, moreover the objective and object so that she or he can design a plan that will perfectly suits to achieve the strategic goal. This study has attempted to suck knowledge about strategic HRM practices in the business sector of Bangladesh like the banking sector because it turnings a pivotal mapping to the economic growth of the country Abstract Strategic HR practice is always a challenge for any Keyword HR practice, Banking sector in Bangladesh. B I.Introduction anking is a right on medium of socio economic changes in developing countries like Bangladesh. A puff up organized banking system can play a vital role in the development of the country. Human Resource Management is a distinctive approach to vocation counseling which seeks to achieve competitive advantage by the strategic deployment of a highly committed and capable workforce, using an integrated array of cultural, structural and personnel tech niques. Extensive learning and culture vigilance programs, individualized reward management systems, as well as a range of employee nvolvement utensils, operate towards achieving enhanced employees contribution. It is a whole range of notions on management theory, style and practice. In maintaining About commercial enterprise Administration Discipline, Khulna University, Khulna, Bangladesh. e-mail emailprotected com II. The current effort of HR practice in incompatible banks of Bangladesh In Bangladesh virtually of the human resource related decisions be mainly satisfyn by the central management. In disparate single outes these decisions ar just implemented. In diametrical one-on-one banks of the 2012 ball-shaped daybooks Inc. (US)Global Journal of Management and Business look for and implementing balance between the employees aspirations and the goals of the bank, the bank natural generate the highly strong and efficient Human Resource Management. For the Hum an Resources Management to contribute to the profitability, note, and distinct organisational goals of the bank, it should be 105 able to closely integrate circumspect intend and decisionmaking. To be able to do this, it must perform unhomogeneous activities such as recruitment, compensation or giving rewards, training or c arr development, performance appraisal, and health and safety developments.For control and implementation efficient strategic planning is required for each sector of banking as it is absolute or brusk service oriented business unit. It is included into the mail management task. In banking these strategic practice includes evaluating the banks (business) familiar and external situation, properly define the business and developing a tutelage, translating the mission into the strategic goal as organizations goal and crafting a final strategy or course of action.Besides practicing HR in different units it is excessively a mammoth task for the banks to face the central and satellite challenges. In different way the HR segment sales, finance and make out the strategic over time to achieve its ultimate objectives. Monitoring as well as changing the strategy also permits the business to cope up with the current demand. As the unit needs to improve the fiber of its different service. Then the HR strategy might be to push up employee quality consciousness through improved screening and needed training.In formulating and implementing the HR strategy the business needs to follow the global purport and need to continually improve organizational performance. precisely HR department also should be c arful plenteous to designing its strategic planning not just to execute. So when planning it the strategic manager must realize where they argon now and where needs to go. Volume XII stretch out II Version I F ebruary 2012 Sadia Afroj Ongoing Corporate Human Resource Management Practice in Banking sector of Bangladesh Global Journal o f Management and Business Research country it just follows the instruction drop dead by from the high authority.All the banks have their Corporate Head office in capital of Bangladesh and just about of the strategic decisions are taken from thither. For the better understanding of bodily business, continue long term relationship, ensure the desirable growth and gratify the organizational goal. Strategic HR follows the basic trends in different private banks in Bangladesh as just maintaining the instruction of central authority. In different banks most of the employees agreed with this point that they are satisfies in the nature and trend on practicing strategic HR in different banks.As it is mentioned that most of the decisions are taken in corporate level, but at the time of appointment, that agent on the eve of joining in the bank they are introduced with the mandate and different terms & 106 conditions of the organization. As a result each and every employee gets a clear view about the ins and outs of their individual course of action. It also discloses the over all picture of the organization-its previous-current forthcoming. As it provides an overall idea of armorial bearing of HR in the banks it covers almost all the areas. The current HR Strategic practice covers all over the areas like ?Recruitment and firing maintains the conform work out or not. ? In eluding of option how the employees are treated. ? How they are oriented in tender works environment. ? The effectiveness of different improvement and incentive packet boats. ? Whether the bank properly follow the promotion strategy. ? How effectively the employees handle different complains of the clients. ? Maintenance of different laws, safety act etc. F ebruary 2012 Depending upon the above factors the employees of different banks differs. The banks at the time of appointing new employees normally have their HRIS.As most of the bank always main updated Human Resource training syste m, it is so easy for them to find out the empty position, where new employees are required. So there a little bit chance that there is lack of employees in different banks. The vacant situation raises mainly when ? any employees leave or fired without notice. ? Increase absenteeism because of illness. ? New branches are undecided But the above factors dont have any long-term effect on the performance of a special(prenominal) branch. Computer ensnare information system and new recruitment immediately remove this pithy term problem.The corporate branch through effective business sector synopsis mainly handles it. In different banks the employees thought that effective information system as well as prompt decision making strip the problems which may arrive in employees shortage situation. In case of treatment in Bangladeshi banking sector inside melodic phrase how the management handles their grievances. Whether there go along any unequal treatment among the employees havin g same quality and competencies. Human Resource division can ensure its smooth and precise working environment if it can ensure that the employees will provide their label best effort.The employees can follow this way if they are ensured that they have enough mechanism in their hand to protest any kind of dirty practice within the organization as well as in such situation and the management will follow the act properly. The management is able to create enough interest among the employees within the organizational modelling of its primary obligation to senior management or immediate higher(prenominal) authority For personnel recruitment and selection these banks follows some standard most of the cases.The practiced format for selection and recruitment is The corporate decide what positions will have to fill and how to fill the immediate as well as future requirements. This total result is designed to cover all positions from penetrate to top level. As it is an integral part of the banks strategic HR and planning process through succession planning the higher authority implement it. The corporate HR department also decides the elaborateness process of their employment requirement. It detailed how to hire, screen the employees and where to put them. The common process of forecasting the personnel need is analyzing trends.The past data and evidence requirements relieve oneself the idea about the trend of employee requirement. The higher authority study variations in the banks employment level in last few years. Inauguration of Volume XII Issue II Version I As when over all HR situation is evaluated on the hindquarters of the ongoing trend, the employees mainly tried to adjust their own expectation and nature of handling different situation.. To ensure the smooth working environment it is essential for any organization to hire enough employees according to the necessities of each different branch.The employees requirements and posting differ because of the following aspects If the bank covers so many financial products then it needs more employees The necessities of employees differ on working procedure- automation or manual working process When there remain two or more branches close to each other, normally less employees is required as they have to handle comparatively lesser employees in that case Higher population creates pressure of fast service as well as bigger number of employees. Because they need to handle larger customer group. 2012 Global Journals Inc. (US) Ongoing Corporate Human Resource Management Practice in Banking sector of Bangladesh new branches and service variations in different banks are the two main key indicators of establishing the trend of personnel requirement. By using the computer based information systemHRIS seconds estimate current and future employees requirement. This information system also figures the average employee demand the transferring from one branch to another the demand is fulfil led some times.Normally internal recruitment/selection follows the above strategies. close to of the cases this strategy is taken for the key positions of the bank. Whether any employee is newly recruited or transferred from one place to another, they need to adapt the working environment. other they may not give their best for the organization. For the adaptation in the new work responsibilities or working place, the employees may get help from the organizational polity. On the job training is a very effective mechanism for the proper orientation of new employees.Form the collected data on mingled employees, we found that they are introduced to their new job by maintaining the organizational policy. Most of the employees especially who just introduced in the job, get a fresh and effective orientation from their organization as well as from the branch. Those who enter into the job as Management Trainee or Probationary officer always get 1-3 years probationary period with traini ng to adapt and learn a lot about their job responsibilities and organizational rule. Training is a hallmark of trade good management, and a task manager ignore at their peril.Having high potential difference employees does not guarantee they will succeed. Instead, they must know what the management wish them to do and how to do that. If they dont know, they will do the job in their own way, not according to the managements preference. Therefore, effective training is essential for the improvement of both the employee and the organization. Employee motivation is one of the most important aspects of organizational behavior. The productivity and the performance of the employees largely depend on motivation.Motivation is the force that makes one do things this is a result of ones individual needs being satisfied (or met) so that s/he has inspiration to complete the task. These needs vary from person to person as everybody has their individual needs to motivate themselves. Depending on how motivated sight are, it may further determine the effort they put into their work and therefore increase the standard of the output. There are various health and safety laws breathing in Bangladesh. But these are mainly applicable for the industries where hazardous equipments are used. But in banks there is no hazardous equipment orThe EEOC will take action if the below two situation arise To fail or refuse to hire or to discharge an individuals or discriminate against any individual with respect to his or her compensation ,terms , condition or prefer of employment , because of such individuals race, color , religion, sex activity or national origin. To unsex ,segregate or classify his or her employees or applicant for employment in any way that would deprived or tend to deprive any individual of employment opportunity or adversely affect his or her status as an employee race, color , religion, gender or national origin.In Bangladesh it is found that most of the emplo yees are satisfied with the prevailing strategic process and procedure of the bank. They feel that the HR department is playing a vital play in employee advocacy role. They also believe that the recruitment and selection policy is fair enough to choose the competent employees for the organization. The orientation process and training facility excising in the organization is proper for achieving the strategic goals of the banks. The pay package and benefit package is 2012 Global Journals Inc. (US) Global Journal of Management and Business Research nstrument is used. So there are fewer requirements for marinating rigorous health and safety measure. However, banks are prepared for any fire related shot and mere illness of the employees. They keep fire extinguishers in their office and starting aid facilities is also available The most prominent HR manager can take to ensure their strategic contribution to develop step system. To increase the moral of employees, the HR manager first knows the importance of particular work and importance of employees hundred percentage contribution to the work.On the foundation of the judgment HR manger first identify the task of the unique(predicate) employees task, according to the job pattern train up the employee, provide all the equipment to perform the task and try to develop ethics to the employee and at last give motivation to perform the work 107 properly. Every employee gives a extensive knowledge how they create value for the organization through their work and help to achieve the organizational goal. When the employees know that how much important to perform the work properly, automatically it help to increase the moral of employees.Equal mesh Opportunity means employer cannot discriminate on the basis of race color religion gender or national origin with respect to employment. There are EEOC (Equal Employment Opportunity Commission) authorities who monitor the discrimination complain. They make the judgment thr ough the law of the country. Volume XII Issue II Version I F ebruary 2012 Ongoing Corporate Human Resource Management Practice in Banking sector of Bangladesh F ebruary 2012 also at a right level.To fulfill the strategic objective and goals, the working environment and employee treatment should be well defined and it must have to be implemented properly. But in case of placing right people in the right place, the reliance varies among the employees. Some of them think that they are not placed in the bring position for what they are appropriate for. In some of the cases like employment rule, equal employment situation a considerable portion of the bankers are not sure about then policy practiced.HRIS is needed to improve the productivity and performance of the human resource department, but in all of the beaches HRIS is not practiced in detail. III. Conclusion 108 HRM practices are crucial for every organization for the proper management for all activities in an organization. As t he activities are done through the human asset of the organization, therefore the management should be very much cautious to formulate and implement the HR policy for their organization that could satisfy and inspire the employee to meet the organizational goal.It has been disclosed that the present practices of strategic HRM are in satisfactory level with some little variation. Therefore, the management should continue their present practice and take initiative to part this problem. This industry is growing rapidly and to sustain this growth, effective and timely policy should be taken. Volume XII Issue II Version I Global Journal of Management and Business Research References References Referencias 1. Terrey, G R and Franklin, S G (1996).Principles of Management (8th ed. ), Delhi A. I. T. B. S. Publishers and Distributors. 2. Stone, R. J. , 2002. 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