Human Resource Management at Square Pharmaceuticals in...

Recently the Human Resource Management (HRM) concept and true functionality have taken their final shape in Bangladesh. The companies in Bangladesh have realized the main role of HRM as vital component in the development mechanism of any organization to achieve its targets and main objectives, and to get competitive advantage (Islam 2006) . Therefore, all HRM responsibilities , contributes are being recognized as crucial as all other organization departments (Islam 2006). This paper focus is going to be the Supply Chain Department (SCD) of Square Pharmaceuticals Ltd in Bangladesh as an example of HRM role and contribution in overall business strategy and developing human resources. The supply chain department of SPL is responsible for†¦show more content†¦Noe et al, (2007) considers HRM as set of practices and measurements, and strategies that affects workers. Hence, it could be said that HRM main focus is to obtain the optimal output from workers and to achieve that, it co ncentrates on the measurements and practices which affect workers performance (Nazim-ud-Din, Tabassum et al. 2006) . 1.1Appraisl of current HRM performance practices †¢ Despite the increase of SPL size over the last few years, it does not have clear human resource planning strategy for SCD. The HRM still cannot predict or project the demand for workers at SCD. Therefore, it cannot determine if there is less or excusive number of workers available at certain time. †¢ There are some flows have been found in the recruitment process. After posting advertisements about the job, HRM receive huge number of curriculum vistas (CVs). It is not easy to go through all CVs to pick the right candidates for the next step. Although, the selection process is done through basic written exams and interviews, it does not give the candidates job -related problems to overcome. So it is not easy to ensure that candidates will be able to solve any real problems might face them at SCD. †¢ There is lack of communication between SCD and HRM in regard of changing job description to fit new workers. Many times SCD have changed job titles and specifications to suits new workers without acknowledging HRM. Hence, HRM does notShow MoreRelatedManagemant Practice Spl5103 Words   |  21 Pages[pic] Executive Summary Pharmaceutical industry is one of the largest industries in our country. Every year a huge amount foreign currency comes from this sector. Square Pharmaceuticals Ltd., the flagship company, is holding the strong leadership position in the pharmaceutical industry of Bangladesh since 1985 and is now on its way to becoming a high performance global player. It was established in 1958 and converted into a public limited company in 1991. The sales turnover of SPL wasRead MoreCompetitive Profile Matrix3314 Words   |  14 Pagesencompasses the management of people in organizations from a macro perspective. The most important tasks of the Human Resource department are to make sure that the people working in an organization 1) feel happy 2) are in the right job, and 3) get the opportunity to upgrade their skills when necessary. Therefore employee/labor relation is a very important factor of Human Resource Management. This report is made focused on the Employee - Employer relationship of Square Pharmaceutical Limited Bangladesh. 1Read MoreThe Supply Chain Department of Square Pharmaceuticals1274 Words   |  6 PagesRecently the Human Resource Management (HRM) concept and true functionality have taken their final shape in Bangladesh. The companies in Bangladesh have realized the main role of HRM as vital component in the development mechanism of any organization to achieve its targets and main objectives, and to get competitive advantage (Islam 2006) . Therefore, all HRM responsibilities , contributes are being recognized as crucial as all other organization departments (Islam 2006). This paper focus is goingRead MoreOverview of SQUARE pharmaceuticals LTD2777 Words   |  12 Pagesï » ¿ Introduction: Square Pharmaceuticals Ltd. (SPL) has been the trendsetter in Bangladesh Pharmaceutical Market since its inception in 1958. Over the last decade SPL actually rose to a new standard moving beyond manufacturing quality medicines to win mindshare of patients, physicians, shareholders, business partners, and communities where we work and live. Our dedication to addRead MoreSquare Pharma Product Marketing5713 Words   |  23 Pages Square Pharmaceutical Limited-Bangladesh Company Profile: |    | SQUARE today symbolizes a name – a state of mind. But its journey to the growth and prosperity has been no bed of roses. From the inception in 1958, it has today burgeoned into one of the top line conglomerates in Bangladesh. Square Pharmaceuticals Ltd., the flagship company, is holding the strong leadership position in the pharmaceutical industry of Bangladesh since 1985 and is now on its way to becoming a high performance global playerRead MoreReport on â€Å"Employees Motivation Applied in Square Pharmaceuticals Ltd.† by Rana (Aiub)4562 Words   |  19 PagesInstructor Human Resource Management American International University Bangladesh Banani, Dhaka Sub: Report Submission on â€Å"Employees motivation applied in Square Pharmaceuticals Ltd.† Dear Madam, The course which we are doing under your guidance is Human Resource Management. We are thoroughly enjoying the course as your teaching ability is very much knowledgeable. It is the report on the topic â€Å"Employees motivation applied in Square Pharmaceutical Ltd.† of your course â€Å"Human Resource Management†. AnRead MoreThe Role of Entrepreneurship in Economic Development in Bangladesh4090 Words   |  17 Pagesfactor in economic development and the entrepreneur is the key to economic growth. Whatever be the form of economic and political set-up of the country, entrepreneurship is indispensable for economic development. Entrepreneurship is an approach to management that can be applied in start-up situations as well as within more established businesses. According to Joseph Schumpeter, the rate of economic progress of a nation depends upon its rate of innovation which is turn depends on rate of increase inRead MorePfizer Operation in Bangladesh4186 Words   |  17 PagesIntroduction: We have selected pharmaceuticals industry to invest as a foreign company. Bangladeshi industry in this sector is quite developed. For the last ten years, Bangladesh is exporting medicine to various countries. The reason is that still now, the tax and restrictions of laws are not those much strict in this sector. Though these weaker restrictions are causing some problems, government is trying to help to develop this sector providing various supports. We have selected this industry becauseRead MorePerformance Evaluation and Ratio Analysis of Pharmaceutical Company in Bangladesh12869 Words   |  52 Pagesof Pharmaceutical Company in Bangladesh Faruk Hossan Md Ahsan Habib Supervisor: Josà © Ferraz Nunes Examiner: Bengt Kjellà ©n Master‟s thesis in international Business 15 ECTS Department of Economic and Informatics University West Spring term 2010 0 ABSTRACT The thesis applies performance evaluation of pharmaceutical company in Bangladesh. It means evaluate how well the company performs. The main aim is achieved through ratio analysis of two pharmaceutical (Beximco and Square pharmaceutical) companiesRead MoreFinancial Performance Analysis of Bexmico Phamaceuticals Bangladesh Limited6844 Words   |  28 PagesCHAPTER 1 Background Information of Research Proposal on the Financial performance analysis of BEXIMCO Pharmaceuticals Limited 1.1 Introduction It is important to evaluate the financial performance of a company. The purpose of financial performance analysis is to determine weather a company is performing well (information essential for investors) and if it is not then it is required to identify areas that require improvement (information required by managers). By evaluating a company s