Executive Summary
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technical achievements, innovation, quality, reliability and internationality. The association with Bangladesh began in 1956, and since then it has been involved in a number of Bangladesh’s major modernization and infrastructure development programs. SBL is operating in Bangladesh for last 50 years with the aim shaping a better future and enhance the lives of people.
The purpose of the report is to identify the HR system and practice of Siemens Bangladesh limited. Being a multinational company SBL has a structured HR system with both global and local touch.
Siemens regards it’s employee as most essential asset and resources in ensuring continued success and development. The growth of Siemens all around the world has provided promising prospects for all competent and highly motivated employees in a continuous manner. By providing rich Human Resources practices and offering of competitive benefit package, Siemens believe in ensuring a working environment where management and employees put combined effort towards the growth of the company and accepts new challenges in a diversified environment. Acknowledgment of success is ensured here to motivate our staff.
The SBL human Resource practices determine to ensure every employees growth with highest potentiality by providing a healthy & competitive work environment where the employee gets opportunity to excel their knowledge & skills .It also ensures the appropriate career opportunities in line with the capabilities & performance through Siemens Performance Management Process
Finally recommendation was provided to make the HR system more effective and efficient for the organization. If SBL follows the HR system thoroughly