WELCOME

An Overview of HRM Practices of Beximco Pharmaceuticals Ltd.

Presented to

Asst. Prof. Md. Arifur Rahman Course Instructor

Human Resource Management (EH 702)

Presented by

Dewan Sakila NabiMBA 14th

Faculty of Business Studies Bangladesh University of Professionals

This study is a requirement for our Human Resource Management course (EH 702).

Our objective is to understand the implication of human resource management practices in real terms.

That’s why we have selected Beximco Pharmaceuticals Ltd. for our study and tried to analysis its human resource management practices based on our theoretical knowledge.

Objectives of the studyBroad objective• To obtain an overview of human resource management

practices of Beximco Pharmaceuticals Ltd.

Specific objectives• To assemble information about their human resource

management practices • To relate their human resource management practices

in respect of theoretical knowledge• To draw conclusion from the analysis

Managing people in an organization is human resource management.

According to Decenzo and Robbins:-"Human resource management is a process consisting of four functions-acquisition, development, motivation and maintenance of human resources.“

According to Gary Dessler:-"Human resource management refers to the policies and practices one needs to carry out the people or human resource aspects of management position including recruiting, screening, training, rewarding and appraising.“

Beximco Pharmaceuticals Ltd. (Beximco Pharma) is a leading manufacturer of medicines which was incorporated in the late 70s.

Beximco Pharma began as a distributor, importing products from global MNCs like Bayer, Germany and Upjohn, USA and selling them in the local market, which were later manufactured and distributed under licensing arrangement.

Over the years the company has grown from strength to strength and today it has become a leading exporter of medicines in the country winning National Export (Gold) Trophy a record four times.

• Beximco Pharma currently has a dedicated workforce of around 3,000 people.

• They emphasize their employees as valuable asset. They mention in their core values as “People focus” .

• They say, “We give high priority on building capabilities of our employees and empower them to realize their full potential.”

• We know HRM has some core functions for example staffing, training and development, motivating and maintenance.

• Here we have described the HR process of Beximco in a figure.

Planning process

Recruiting Process

Training Process

1. Planning Process BEXIMCO PHARMA HR Department constantly assesses

their need of personnel in each level.

They have expert HR personnel to forecast demand –supply state of the organization. They have computerized database system for each current personnel.

This help to arrange training and development program also in case of promotion. We know that theoretically this system is known as HRIS System.

2. Recruiting Process

• BEXIMCO PHARMA follows a wide array of sources for recruiting. Their target is to accumulate a significant pool of candidates and as a result to achieve appropriate applicants for the required positions. They use both internal and external source to obtain the perfect candidate.

• Internal Source: There could be a person competent for the required job working within the organization.

• External Source: To avoid biasness among employees, organizations use searching candidate externally. It incurs cost but has possibility to get new blood.

3. Selection process• BEXIMCO PHARMA follows an extensive selection

procedure to obtain successful candidates. Steps are discussed and demonstrated by a flow here.

Initial Screening Initial Confirmation

Completing Application Form Written Test

Simulation Test Comprehensive Interview

Conditional Job Offer Physical Test

Background Investigation

Permanent Job Offer

4. Socialization and Orientation • Socialization and Orientation usually refer to the process

of helping new employees adapt to their new organizations and work responsibilities. BEXIMCO PHARMA highly emphasizes these phases in their HR practice.

• They arrange a short orientation program for new employees at the beginning of their joining date. Board members orient themselves to new employees on that day. They briefly explained about the company inception, hurdle, and achievement.

• After this short session each Department In Charge introduce new employees to their own department, specific work place and rules- regulations, specific job responsibility etc. Employees search in detail information about the work procedure, career path, pay procedure, compensation and benefits, work environment etc from their supervisor or existing co-workers on that day.

5. Training Beximco conducts extensive training programs

for it’s employees both in country and abroad to enrich their knowledge and expertise.

6. Performance Appraisal

They appraise employee contribution even in month basis. They select “Employee of the Month’ to appraise the employee’s work in each month.

Formal appraisal system also conducts half yearly and yearly basis.

Findings • From our analysis we have found that Beximco

Pharma follow HRM process properly. They follow strict recruiting process with several steps to avoid bias and generate new blood in the company.

• It is proven that they ensure the right person at the right place. Their recruiting agency always searches qualified people within the industry.

• Beximco Pharma also offer lottery per month to inspire employees within the work environment. They also provide benefits such as provident fund, medical, transportation etc. They consider employee emergency so they provide flexible work time.

Recommendations

They can target themselves as a top model to exercise HR process more accurately. Because HR relates with dynamic components, so an organization also needs to update them with the pace of time. So Beximco can be a role model for others company.

Thank you

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