3. Company Information
Shahjalal Islami Bank Limited (SJIBL)
Shahjalal Islami Bank Limited (SJIBL) commenced its commercial operation
in accordance with principle of Islamic Shariah on the 10th May 2001 under
the Bank Companies Act, 1991. During last eleven years SJIBL has
diversified its service coverage by opening new branches at different
strategically important locations across the country offering various service
products both investment & deposit. Islamic Banking, in essence, is not only
INTEREST-FREE banking business, it carries deal wise business product
thereby generating real income and thus boosting GDP of the economy.
Board of Directors enjoys high credential in the business arena of the
country, Management Team is strong and supportive equipped with excellent
professional knowledge under leadership of a veteran Banker Mr. Md. Abdur
Rahman Sarker.
4. SJIBL Mission
•To provide quality services to customers.
•To set high standards of integrity.
•To make quality investment.
•To ensure sustainable growth in business.
•To ensure maximization of Shareholders' wealth.
•To extend our customers innovative services acquiring state-of-the-art
technology blended with Islamic principles.
•To ensure human resource development to meet the challenges of the time.
SJIBL Motto
•Committed to Cordial Service.
5. Corporate Information
Name of the Company Shahjalal Islami Bank Limited
Legal Form A public limited company incorporated in Bangladesh on 1st April 2001 under the companies Act 1994
and listed in Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.
Commencement of Business 10th May 2001
Head Office Uday Sanz, Plot No. SE (A)
2/B Gulshan South Avenue,
Gulshan - 1, Dhaka-1212.
Telephone No. 88-02-8825457,8828142,8824736,8819385,8818737
Fax No. 88-02-8824009
Website www.shahjalalbank.com.bd
SWIFT SJBL BD DH
E-mail sblho@shahjalalbank.com.bd
Chairman Alhaj Anwar Hossain Khan
Managing Director Md. Abdur Rahman Sarker
Auditors M/S. Huda Vasi Chowdhury & Co.
Chartered Accountants
Ispahani Bhaban
14-15 Motijheel C/A
Dhaka-1000
Phone: 88-02-9555915, 9560332
Tax Advisor M/S K.M Hasan & Co.
Chartered Accountants
87, New Eskaton Road
Dhaka.
Phone: 88-02-9351457, 9351564
Legal Advisor Hasan & Associates
Chamber of Commerce Building
(6th floor), 65-66 Motijheel C/A, Dhaka
No. of Branches 79
No. of ATM Booth 29
No. of SME Centers 06
Off-Shore banking Unit 01
No. of Employees 1,811
Stock Summary:
Authorized Capital Tk. 6,000 million
Paid up Capital Tk. 5,566 million
Face Value per Share Tk. 10
6. Questionnaires
Operational basic functions of HRM in Shahjalal Islami Bank
Limited (SJIBL)
First of all the four basic function of HRM are staffing, training, development and
motivation & maintenance. Not every company follows the proper rules which
we have learned from the book, but we do follow few basic steps, firstly our
company focuses on planning and to set the goal, secondly we target our profit
which includes deposit, investment and foreign trade then we divide works
between employees /branches then we focus on controlling and to know the
outcomes to arrange a manager conference after every 3 months.
Recruiting Process of SJIBL
In our case of our company, we have 2types of recruitment:-
•Experience banker hunting.
•Fresh graduate recruit.
The process which we usually use when we hire fresh graduates is, we plan first,
then we sort out whether we are in shortage of employees or there are too much
of employees, then we take approval from the board of directors for recruitment
through a memo, then we give advertisement with details.
7. Motivation process of SJIBL employees
Well, our company motivates the employees mainly financially which we gives our
employees a yearend bonus after every competing every year, if someone is expecting
child, then we manage to give them some percentage of the maternity expense, if
someone meets an accident we give them the fees of the treatment and then other
motivations are, family right, annual picnic, promotions etc.
Discipline maintaining factors in SJIBL
Well, we strictly follow code of conduct but if anybody break the discipline then he or
she is ask for show cause, if his or her reason is not justified then he or she is warned
and told not to do this in the future. If he or she continuously does the same fault, then
that person is detained until further order from the managements. And if the fault is
financial related then he is immediately suspended.
Steps that SJIBL take before dismissing
Firstly we give our employees a warning and then we dismiss them. If the case is
related to anything financial then we suspend them immediately. Actually dismissal is a
rare care to happen in our company.
8. Steps of counseling
Our company does not really follow this counseling factor; we do it if it is very
much needed.
Steps that SJIBL take while job analysis
Actually job analysis in our company is done by the top management. Head office
decides job specification and they take performance analysis.
Employment planning and strategic planning process of SJIBL
Again, our company’s employment planning and strategic planning process is
nothing but planning from the beginning, then setting the goals, then establish
the goals, implementing it which either leads to recruitment or derecruitment.
Factors that affects recruiting efforts of SJIBL
The factors that affect recruiting efforts in our company would be cost,
expensiveness and Halo error.
9. Recruiting sources of SJIBL
Well, our company usually prefers external source, but we also take the help of
internet while advertising. We do prefer external source and Cyberspace
recruitment.
Preference of employee referrals/recommendation in SJIBL
No, we do not have any employee referral or recommendation system. Even our top
management follows this rule. We take employee only through their selection process.
SJIBL’s interview method
Our company’s interview method is just like any other company’s method which is
we sort out CV’s according to qualifications then we give questionnaires for written
test, after that we take interview (viva).
10. Steps of selection process in SJIBL
Now-a-days our company is recruiting on online basis; CV’s are dropped there
and sort out through their skills, academics, family background, competence,
interests of the candidate, qualifications and allow only people who are eligible
for the specific post. Then we take a written test by the third party (i.e. IBA &
BIBM) which is fully fair examined and publishing result. According to the result
we called for interview and along with it we take a computer test then after all,
we altogether count the marks. And according to the merit we select the
employees.
CEO’s role in SJIBL’s new employee’s orientation
The general orientation is held on organizational behavior. There not only CEO in
fact almost all the board members are usually present. They direct new employees
to understand our company's mission, values, vision, policies and procedures,
planning program, behavior with other employees, Share Company’s history and
company’s expectations from them.
11. SJIBL’s job training method
In case of our company we have two types of job training method.
•On the job method.
•Off the job method
On the job method is employee will be trained during the job time. And in our
company it is for one year. And Off the job method is employee will be trained not
during the job hours or during his or her working days. In our company we give this
training for 20 days before confirmation of the permanent employment post. (Before
this training employee remains as a trainee)
12. Recommendation
The SJIBL does follow the basic functions of HRM like staffing, training and
development and maintenance but they are lacking in proper motivating.
SJIBL’s recruiting process is quiet satisfactory.
SJIBL only focuses on financial and other benefits but they do not give any
job design, or give any performance standard.
SJIBL is very much conscious about the disciplines.
Their dismissing action does not have any written segment, they warn the
employee if they do that frequently then they are suspended and they
dismissed.
SJIBL does not have any counseling process. They do not counsel the
employees.
SJIBL does not have any specific job analysis steps.
SJIBL’s employment planning and the strategic planning process are up to
the mark.
13. SJIBL does not have any internal searches, employee referrals and
recruitment alternatives. They only take employees from external searches
and cyberspace recruiting.
They do not have any employee referral or recommendation process, they
strictly follow this rule.
SJIBL interview methods are adequate to screen out the employees from
the pool of employees.
This company’s selection process is fair enough as examine is done by
third party and they just interview the employee who are eligible for the job.
CEO of SJIBL perform his orientation task with care and responsibly.
SJIBL’s job training method is sufficient to train their employee for the
job.
