Welcome To the Presentation ON

1. Welcome To the PresentationON Human Resource Management Practices of Incepta Pharmaceuticals Limited www.AssignmentPoint.com

2. Introduction • Incepta Pharmaceuticals Ltd. is a leading pharmaceutical company in Bangladesh established in the year 1999. The company has a very big manufacturing facility located at Savar, 35 kilometer away from the center of the capital city Dhaka. Since its inception, Incepta has been launching new and innovative products in order to fulfill unmet demand of the medical community. The focus has always been to bring new, more technologically advanced molecules and innovative dosage forms to this company. www.AssignmentPoint.com

3. Process of Human Resource Management The modern HR Processes are grouped into logical HR areas as they provide the value added to the internal and external clients. The main HR Process Areas are: • Recruitment and Staffing • Compensation and Benefits • Training and Development • Career Development • Talent Management • Leadership Development • HR Controlling www.AssignmentPoint.com

4. Activities of HRM in Incepta Pharmaceuticals ltd • Determining the requirements for human resources • Forecasting the requirements for human resources • Recruiting and selecting human resources • Integrating employees • Training human resources • Communicating with human resources • Human resource assessment • Career development • Motivating human resources www.AssignmentPoint.com

5. Functions of HRM in Incepta Pharmaceuticals Ltd. The main Functions of Human resource Management are • Human Resource Planning Policies • Recruiting and Selection Policies • Training & development Policies • Job Analysis and Job Evaluation Process • Performance Appraisal System • Promotion Policies • Pay Policies www.AssignmentPoint.com

6. Planning policy • Human resource planning is the process of estimating human resource needs for achieving human resource and organizational goals. Recruitment & selection policy • Recruiting is the process of searching the potential job candidates in order to fill up the vacant position of the organization and selection is the process of choosing the best candidate among the available candidates www.AssignmentPoint.com

7. Training Policy • Training is a learning process that involves the acquisition of skills, concepts, rules, and attitudes to increases the performances of the employees in the organizations. On the other hand development is more future oriented, and more concerned with education, than is employees training or assisting a person to become a better performer Job Analysis & job Evaluation • Job evaluation is the process of appraising the different positions of employees in the organization with a view to establish a well conceived for pay-structure. Incepta Pharmaceuticals Ltd. follows the Ranking and the Classification method for evaluating the job. In case of ranking method a committee typically compared of  both management and employee to representative to arrange the job in a simple rank order, from highest to the lowest rank www.AssignmentPoint.com

8. Performance Appraisal • Performance appraisal information can provided needed input for determining both individual and organizational training and development needs. Another important use of performance appraisal is to encourage performance improvement. Pay policy • Once the job evaluation is complete, the data generated become the nuclease for the development of the organization’s pay structure. This means pay rates or range will be established that are compactable with the ranges, classifications, or  point arrived at through job evaluation www.AssignmentPoint.com

9. Findings & Analysis • Incepta Pharmaceuticals Ltd. beliefs, in present competitive and dynamic environment human resource department are the most valuable department than the others.  • They consider their skilled people as asserts for their organization. • Incepta committed to draw the most talented and dynamic professionals from the available candidates. • Incepta Pharmaceuticals Ltd. follows both the internal and external sources of recruitment. • Taking constructive steps they are trying to develop the skills of the human resource pool. • Their human resource department (HRD) trusts in team work and respect each other. www.AssignmentPoint.com

10. Recommendation • Incepta is a highly professionally managed organization in where safety leads improved productivity, so Incepta Pharmaceuticals Limited need to provide the employee more quality work life as well as more attractive environment for working. They should keep the work environment sound and healthy for the employee to work in their own environment. Employee’s satisfaction needs to be increased by maintaining the company policy efficiently to get maximum productivity through employees’ satisfaction. www.AssignmentPoint.com

11. Conclusion • In present competitive and dynamic environment, human resource are now being viewed as the most valuable mean for gaining advantages over other. Competitive advantages can only be achieved by building up highly motivated and skilled employees. To fulfill the vision, mission, and core objectives of a company the management has needed to established a effective and efficient human resource department and hired the confident and most promising professional www.AssignmentPoint.com