Hiring and Retention Policy and Practices of Rahimafrooz Batteries Limited
ABSTRACT
This report aims toward providing an overview on the Hiring and Retention Practices and Polices in Rahimafrooz Batteries Limited. While preparing this report it has been tried to reveal the insights of the Hiring and Retention practices of the RBL. Simultaneously efforts have been made to provide an in depth analysis on the Hiring and Retention Practices in the light of the theoretical aspects. In addition, a few recommendations and suggestions were prescribed based on the observation and findings.
Of all the changes a company can make in order to improve morale, decrease human resources costs, limit personnel liability, none is more effective than focusing on hiring the right person for the job. The hiring process consists of three distinct process: 1. Human Resource Planning (HRP); 2. Developing Analysis, Description and Specification of the job for which hiring is performed, 2. Recruiting and 3. Selection.
Whether a company is thriving in a rapidly expanding bull market or floundering to escape the grips of the bear market, attracting and retaining talented employees is key to long term success . Employee retention involves a two-pronged appraoch of creating development opportunities for key employees and providing incentives (through compensation) that strengthen loyalty. Also Performance appraisal and Handling Grievances are two key factors in employee retention.
RBL is a company grown from small trading concern into the regional player that is today. Rahimafrooz is poised for new phase of dynamic growth. Today Rahimafrooz is striding into the 21st century with a vision for growth and diversification. Their corporate strategy aims for international partnerships and a path of dynamic growth: they intend to transcend national borders and evolve into a globalize business group. RBL is one of the leading Battery manufacturing companies in Bangladesh and their experience curve shows that they have successful
CHAPTER 1
INTRODUCTION
1.1
This report aims toward providing an overview on the Hiring and Retention Practices and Polices in Rahimafrooz Batteries Limited. While preparing this report it has been tried to reveal the insights of the Hiring and Retention practices of the RBL. Simultaneously efforts have been made to provide an in depth analysis on the Hiring and Retention Practices in the light of the theoretical aspects. In addition, a few recommendations and suggestions were prescribed based on the observation and findings.
Of all the changes a company can make in order to improve morale, decrease human resources costs, limit personnel liability, none is more effective than focusing on hiring the right person for the job. The hiring process consists of three distinct process: 1. Human Resource Planning (HRP); 2. Developing Analysis, Description and Specification of the job for which hiring is performed, 2. Recruiting and 3. Selection.
Whether a company is thriving in a rapidly expanding bull market or floundering to escape the grips of the bear market, attracting and retaining talented employees is key to long term success . Employee retention involves a two-pronged appraoch of creating development opportunities for key employees and providing incentives (through compensation) that strengthen loyalty. Also Performance appraisal and Handling Grievances are two key factors in employee retention.
RBL is a company grown from small trading concern into the regional player that is today. Rahimafrooz is poised for new phase of dynamic growth. Today Rahimafrooz is striding into the 21st century with a vision for growth and diversification. Their corporate strategy aims for international partnerships and a path of dynamic growth: they intend to transcend national borders and evolve into a globalize business group. RBL is one of the leading Battery manufacturing companies in Bangladesh and their experience curve shows that they have successful
CHAPTER 1
INTRODUCTION
1.1