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Term Paper

On

Compensation System of IFIC Bank

Sufiya Khatun Sumi

ID:- 11133047

Course Code: 407

Session: 2010-11

JATIYA KABI KAZI NAZRUL ISLAM UNIVERSITY,

Trisal, Mymensing.

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Acknowledgement

First of all, I extend my profound gratitude to the Almighty Allah, the omnipresent and omnipotent,

who helped me accomplish this task on time. I feel satisfied and glad that I have completed this

study within specific duration. This term paper might never have been completed without the

necessary practical knowledge, assistance of many books, articles, websites, and primary data. It

enhanced my knowledge on Compensation System. Thanks to all those persons, who have assisted

me, providing me co-operation, direction, valuable suggestions & advices to prepare this term

paper.

Finally I want to express my special thanks to Mymensingh Branch, under whom I have completed

my term paper. I am also grateful to all other employees of Customer Service and operation Unit

of this branch.

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Table of Contents

Content Page No

Executive Summary 1

1.1 Historical Background of IFIC Bank Limited 2

1.2 Corporate Slogan 2

1.3 Vision of IFIC Bank Limited 2

1.4 Mission of IFIC Bank Limited 2

1.5 Nature of Business 3

1.6 Organogram 4

1.7 Competitive Status 5

1.8 Workforce at different level 6

1.9 Salary Structure 7

1.10 Compensation system (Basic Salary) 8

1.11 Impact of compensation on employee performance 9

1.12 SOWT analysis of compensation 9

1.13 Possible measures to include of compensation system 12

Conclusion 13

Reference 14