Hr practice of the financial institutes in bd

Deloitte Copyright © 2015 Deloitte LLC. All rights reserved.
Analytics in Healthcare
Virginia Chamber of Commerce Healthcare Conference 2016Rajeev Ronanki, Cognitive Computing and Healthcare Innovation Leader, Deloitte Consulting LLP
June 9, 2016
PRESENTATION ON HUMAN RESOURCE PRACTICE IN
FINANCIAL INSTUTIONS OF BANGLADESH

INTRODUCTION
HRM is that it is the process of
managing people in organizations
in a structured and thorough manner.
Human Management in financial sector concentrates on building employee
capabilities. Employee capabilities serve as the trigger and create growth
opportunities for the organization.
Financial companies are entirely dependent on the knowledge, expertise,
skills, attitudes and quality of human resources for growth and success.
Hence effective management of human resources is extremely critical in
financial institutes.

COMPANY OVERVIEW
There are 23 listed company perfectly operate their work throughout Bangladesh.
Financial system is most important part of any economy. This financial system
comprises banks and non bank financial institutions. Financial institutions are
engaged in financial intermediation, exchanging financial assets on own behalf and
on customers behalf, assisting in creation of financial assets providing investment
advice and managing portfolio of participants. HRM practices in this financial
institutes has undergone many changes over the last twenty years, giving it an even
more essential role in today’s organization.

LIMITATION OF THE STUDY
• The main limitation of the study is lack of information provided
by the organization. But some of them were very cooperative
with us in making this term paper. Other limitations of this study
are:
• Less analytical power, Non-cooperative behaviors of some
officials of the companies,
• There were a few questions which were tactfully avoided or
not exactly answered by the respondents,
• Large scale research was not possible due to constraints and
restrictions posed by the organization.

Human Resources may set strategies and develop policies, standards, systems, and
processes that implement these strategies in a whole range of areas. The following are
typical of a wide range of organizations:
HR PRACTICE IN FINANCIAL SECTOR
1
The right people in
the right job
While the goal is
to provide the
best candidate for
the Company’s
needs, it is also
important to place
people in the right
positions at the
right time.
2
Recruitment
Process
The recruitment
process of this
companies are
very clear and up
to the mark.
When recruitment
process starts, at
first the HR gives
an online
advertisement at
different places
and web sits.
3
Selection Process
Companies have a
variety of different
assessment
methods in the
selection process.
They first
determine the
steps that need to
be applied in the
selection process.
4
Finalization of
Recruitment
Though some the
organization is not
very large, their
recruitment policy
perfect for these
situations. But the
company
increases day by
day.
5
Placement of Newly
Recruited Employees
It’s an important
steps of recruitment
phase to placement
the newly recruited
employees as early as
possible. In case of
fresh recruitment
they reserves the
right to make the
appointment on 12
months.

The purpose of the companies’ merit-based recruitment and
selection process is to ensure that vacancies are filled by the
most competent incumbents. Institutes provides equal
employment opportunities to all applicants without bias to
race, religion, gender, age, disability or any other criteria
permissible by the statutory laws of the country.
RIGHT PEOPLE IN THE RIGHT JOB

• The recruitment process of this companies are very clear.
When recruitment process starts, at first the HR gives an
online advertisement at different websites and newspapers.
In some of the institutes merit based recruitment is done
through following steps:
• Recruitment proposal
• Publish/ Advertise Vacancies
• Collection of CV
• Screening/ Shortlist Candidates
• Conduct Evaluative Assessment
• Written Test
• Final Negotiation
• Offer letter
RECRUITMENT PROCESS

Companies have a variety of different assessment methods in
the selection process. They first determine the steps that
need to be applied in the selection process.
CV-Screening Procedure
Organizing Written Test
Competency Based Interview
SELECTION PROCESS

Though some the organization is not very large, their recruitment
policy perfect for these situations. But the company increases day
by day. And they are trying to develop their HR Department.
• Finalization of candidate by the final review committee.
• Head of Human resource will fix up the salary grade of the selected
candidates based on their professional qualification & experience in
related fields.
FINALIZATION OF RECRUITMENT

RECOMMENDATION
Most of the financial institutes are such well organized that there are very
few things to recommend them. According to our analysis sector is leading
almost every aspect from the other competitors.
✓ Upgrade the daily attendance monitoring system because they are using
employee’s computer login time as their daily attendance.
✓ Enhanced delegation of work at every level for their development to the next
level.
✓ Job Rotation should be introduced so employees can learn different tasks &
maximize their skill of knowledge.
✓ Evaluation of candidates while recruiting should be more competency based &
evaluator’s accountability should be increased.
✓ Should introduce new forms of talent acquisition like campus recruitment,
apprentice program etc. to recruit the right talent

CONCLUSION
• The functions not only provides demand side of fund a substitute sector
of financing besides bank financial institution but also facilitate an sound
competitive environment in the financial market. The HR Team & the
recruitment process is very much equivalent to other top companies. If
the management authority can make the HR policy more attractive and
follow the recruitment process as the industry than the companies can
build a strong workforce to contribute the growth of the company.

Hr practice of the financial institutes in bd

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