Strategic Implication of HRM On

Shahjalal Islami Bank Limited

Contents Company Information Questionnaires Recommendation

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.

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.

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 & AssociatesChamber 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

QuestionnairesOperational 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.

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.

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.

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).

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.

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 methodOn 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)

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.

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.

Thank You

THE END