Welcome to the Presentation-2

7/29/2019 Welcome to the Presentation-2

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WELCOME TO THE

PRESENTATION


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Human Resource Management Practices ofIncepta Pharmaceuticals Limited


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Group Members

Sharmin Alam ID# 08330130

Jakia Akhter ID# 08510046

Nahida Akhter ID# 08510102

Arifur Rahman ID# 09310058

Ashraf Uddin ID# 07510041


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Introduction

Incepta Pharmaceuticals Ltd. is a leading pharmaceuticalcompany in Bangladesh established in the year 1999. Thecompany has a very big manufacturing facility located at Savar,35 kilometer away from the center of the capital city Dhaka. Thecompany produces various types of dosage forms which include

tablets, capsules, oral liquids, ampoules, dry powder vials,powder for suspension, nasal sprays, eye drops, creams,ointments, lotions, gels, prefilled syringes, liquid filled hardgelatin capsules, lyophilized injections etc. Since its inception,Incepta has been launching new and innovative products in orderto fulfill unmet demand of the medical community. The focus has

always been to bring new, more technologically advancedmolecules and innovative dosage forms to this company.


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Skilled People are there

Asset Our dedicated employees work hard to meet the business and

lifestyle needs. We pride ourselves on the quality andfunctionality of our products, and we measure our success byhow well they are received in the market place. Quite often we

get a pat on the back with an industry award that tells us wemust be doing something right.

They are committed to ensuring their business practices meethigh standards and that their employees behave ethicalstandards act responsibly and comply with the law. Competitive

advantages can only be achieved by building up highlymotivated and skilled employees at all levels that we enableorganization to compete in a fiercely competitive marketscenario and to respond appropriately to the market needs,with regard to quality products and services and technological

innovations. Incepta pharmaceuticals Ltd.


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Human Resource Management

1. Human Resource Planning Policies

2. Recruiting and Selection Policies

3. Training & development Policies4. Job Analysis and Job Evaluation Process

5. Performance Appraisal System

6. Promotion Policies7. Pay Policies


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Human resource planning

Human resource planning is the process ofestimating human resource needsfor achieving human resource and

organizational goals. It is the process throughwhich organizational goals are translated intoobjective. At Incepta pharmaceuticalsLimited, they believe that their Human

Resources give the company a significantcompetitive edge in terms of knowledge andexperiences.


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Recruiting and Selection

Policies Need assessment

Checking the recruiting options Internal

External

Screening and Short-listing Applications

Written test

Interview

Reference checking

Medical check-up Offer letter

Orientation /induction

Follow up


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Training Policies

Inform employees of policies and procedureof Incepta

Educate them in job skills

Develop them for future advance men

Recruitment training

Team building and leadership

Development of team building andleadership

Development of managerial skills


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Job Analysis & job

Evaluation Job evaluation is the process of appraising the different

positions of employees in the organization with a viewto establish a well conceived for pay-structure. For jobanalysis Incepta consider several common uses such

as- job definition, job re-design, orientation,socialization, carrier counseling, employeesafety, performance appraisal and compensation.

Incepta Pharmaceuticals Ltd. follows the Ranking andthe Classification method for evaluating the job. Incase of ranking method a committee typically

compared of both management and employee torepresentative to arrange the job in a simple rankorder, from highest to the lowest rank


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Performance Appraisal

In this regard Performance appraisals are used asmeans of communicating to employees how

they are doing and suggesting needed changes

in behavior, attitude, skill or knowledge. Forapprising the performance Incepta

Pharmaceuticals ltd consider the different

criteria of the employee, such as attendance,

attitude, cooperation, initiative, dependability,

quality of work, overall output, honesty,

personality, ready to take challenge etc.


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Pay Policies

Pay structureNo information is given, as this is considered highly restrictedinformation.

Provident Fund

In Incepta Pharmaceuticals Limited 12% of the basic salarygoes to the provident fund and the employee pays the same

amount of their basic salary. Medical Facilities

Doctors are arranged to visit each location of numbers of timesa week to provide necessary medical support to the employees.Moreover, the non-management staffs enjoy medical treatmentat Holy Family Hospital at company arrangement.

Health Insurance Policy

No information is given by the authority of InceptaPharmaceuticals Limited.


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Recommendation

Incepta is a highly professionally managed organization inwhere safety leads improved productivity, so InceptaPharmaceuticals Limited need to provide the employee morequality work life as well as more attractive environment forworking. They should keep the work environment sound and

healthy for the employee to work in their own environment.Employees satisfaction needs to be increased bymaintaining the company policy efficiently to get maximumproductivity through employees satisfaction. Though thecompany has loss in different sector, above all it makesprofit in the current year but it need to prevention of loss by

adopting effective technology and continuous developmentof human resource management. Incepta is apharmaceutical company so for the responsibility of thesociety it needs to completely obey the national law andorder of the Government.


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Conclusion

In present competitive and dynamicenvironment, human resource are now beingviewed as the most valuable mean for gaining

advantages over other. Competitive advantagescan only be achieved by building up highlymotivated and skilled employees. To fulfill thevision, mission, and core objectives of a

company the management has needed toestablished a effective and efficient humanresource department and hired the confidentand most promising professional

Documents

Welcome to the Presentation-2