A Study on “Strategic Hrm Practices in Public and Private Organization of Bangladesh”
1.0 Introduction
Focusing on the subject matter of strategic hr activities we have selected two companies and analyze them in terms of these concepts. The companies are Sonali Bank Ltd. and Brac Bank Ltd.
1.1 Literature review
Strategic HRM Practices
• What is Strategic Human Resource Management?
An updated management system that consists of the combination of competitive moves and business approaches used by managers to run the company also focus on the Human Resource those are the power house of an organization is known as strategic human resource management. Human Resource is one of the most important assets and also as part of the organization concerned with the “people” dimension. The exact theme of HRM is not very much understandable to many of the business intelligent of Bangladesh. By gathering experiences from multinational organization, now a day the local organization is adopting the real HR practice. Moreover they are involving into competition based on those strategic plans. That’s why we decided to highlight the comparison of strategic HR practices in private and public organization of Bangladesh.
1.2 Company Profile
Sonali Bank Ltd.
Sonali Bank, the largest & leading commercial bank of the country, came into being in 1972 immediately after the emergence of Bangladesh as an independent state. A fully state-owned enterprise, the bank has been discharging its nation-building responsibilities by undertaking government entrusted different socio-economic schemes as well as money market activities of its own volition, covering all spheres of the economy. Sonali Bank Limited singularly enjoys the prestige of being the agent of the Central Bank of Bangladesh in such places where the guardian of the money market has chosen not to act by itself.
Sonali Bank Limited is governed by a Board of Directors consisting of 7(seven) members headed by a Chairman. The Bank is headed by the Managing Director (Chief Executive), who is a well-known Banker and a reputed
Focusing on the subject matter of strategic hr activities we have selected two companies and analyze them in terms of these concepts. The companies are Sonali Bank Ltd. and Brac Bank Ltd.
1.1 Literature review
Strategic HRM Practices
• What is Strategic Human Resource Management?
An updated management system that consists of the combination of competitive moves and business approaches used by managers to run the company also focus on the Human Resource those are the power house of an organization is known as strategic human resource management. Human Resource is one of the most important assets and also as part of the organization concerned with the “people” dimension. The exact theme of HRM is not very much understandable to many of the business intelligent of Bangladesh. By gathering experiences from multinational organization, now a day the local organization is adopting the real HR practice. Moreover they are involving into competition based on those strategic plans. That’s why we decided to highlight the comparison of strategic HR practices in private and public organization of Bangladesh.
1.2 Company Profile
Sonali Bank Ltd.
Sonali Bank, the largest & leading commercial bank of the country, came into being in 1972 immediately after the emergence of Bangladesh as an independent state. A fully state-owned enterprise, the bank has been discharging its nation-building responsibilities by undertaking government entrusted different socio-economic schemes as well as money market activities of its own volition, covering all spheres of the economy. Sonali Bank Limited singularly enjoys the prestige of being the agent of the Central Bank of Bangladesh in such places where the guardian of the money market has chosen not to act by itself.
Sonali Bank Limited is governed by a Board of Directors consisting of 7(seven) members headed by a Chairman. The Bank is headed by the Managing Director (Chief Executive), who is a well-known Banker and a reputed