Hr Practice

Executive summary

As a part of our curriculum we have to prepare reports in each semester for each subject.In this way, my course teacher has assigned me to prepare the report. And the topic of myreport is “

Management Practices in Bangladesh: A Case Study on Human Resourcemanagement of Al-Arafah Islami Bank Ltd”.

He took a lecture on preparation of thisreport and serving us necessary documents. As I have selected a service organization, my prime objective was to collect necessary documents along with the Annual Report of theBank. Again I had to visit the website of the Bank.My report involve the typical Human Resource Management practices such as planning,recruitment, selection, orientation, placement, training and development, performanceappraisal, wages and salaries, incentives, benefits, security, safety, and health etc

Introduction

Businesses rely on effective human resource management (HRM) to ensure that they hireand keep good employees and that they are able to respond to conflicts between workersand management. HRM specialists initially determine the number and type of employeesthat a business will need over its first few years of operation. They are then responsiblefor recruiting new employees to replace those who leave and for filling newly created positions. A business’s HRM division also trains or arranges for the training of its staff toencourage worker’s productivity, efficiency, and satisfaction, and to promote the overallsuccess of the business. Finally, human resource managers create workers’ compensation plans and benefit packages for employees.2

1.1. Statement of the research problem

Human resources are an increasingly broadening term that refers to managing "humancapital," the people of an organization. The field has moved from a traditionallyadministrative function to a strategic one that recognizes the link between talented andengaged people and organizational success. Human resources are most important andvaluable asset of any...