At Karnaphuli Fertilizer Company Limited
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- Pages: 13
At Karnaphuli Fertilizer Company Limited
1
COMPANY MISSION
Company mission is to become a global leader in fertilizer manufacturing.
2nd mission is to set an example of outstanding public-private partnership.
2
Ownership
•43% Bangladesh Government, •30% Japanese Companies •remaining by European companies.
Structure CEO ^^ Chief Financial Officer = Chief Technology Officer ^^ Other Manager
MACHANISTIC Organization
3
Qualitative review of HR Practices Recruitment & selection Orientation Training Compensation Performance Appraisal
4
HRM PRACTICES
EMPLOYEE oriented shares company profit with its employees. Realistic Job Review.
IN CONTRAST
GP offer company shares to its employees.
OUR REVIEW
Very realistic and effective
5
RECRUITMENT & SELECTION
Job Announcement: Paper, Magazine, internet Methodology: Three Steps
IN CONTRAST
GP = Similar + Assessment
OUR REVIEW
Need Assessment Round
6
ORIENTATION
5 week Orientation Probation period
IN CONTRAST
GP has brief orientation
OUR REVIEW
KAFCO is the better one.
7
TRAINING
Methodology • mainly through video. • Computer based training is a skill not popular
IN CONTRAST
two steps. classroom training, then attachment.
OUR REVIEW
video training is not the most effective tool Need some Computer training
8
COMPENSATION
Salary
From Theory
• incentive Payment • fringe benefits • Maslow’s Hierarchy
• management Employee • Non-Management
Employees • Salary Survey
Additional benefits • provident fund • severance. • housing colony, own medical
center • school & college, mosque
IN CONTRAST
Provide allowance Transportation
OUR REVIEW
By far the best aspect of the company
9
<< KAFCO School
Housing Medical Center >>
Pictures say more than words
10
PERFORMANCE APPRAISAL
Done annually On scale of 5. informal review takes place between the employee and supervisor. Finally, self-evaluated that needs to be approved by manager
IN CONTRAST done on alternate
days by
the supervisor. Direct competitions are carried out annual review by managers
OUR REVIEW
introduce direct competition
11
RATING ON THE SCALE OF 5 Recruitment & selection (4) Orientation (4.5) Training (3) Compensation (5) Performance Appraisal (4.5)
12
THANK YOU
1
COMPANY MISSION
Company mission is to become a global leader in fertilizer manufacturing.
2nd mission is to set an example of outstanding public-private partnership.
2
Ownership
•43% Bangladesh Government, •30% Japanese Companies •remaining by European companies.
Structure CEO ^^ Chief Financial Officer = Chief Technology Officer ^^ Other Manager
MACHANISTIC Organization
3
Qualitative review of HR Practices Recruitment & selection Orientation Training Compensation Performance Appraisal
4
HRM PRACTICES
EMPLOYEE oriented shares company profit with its employees. Realistic Job Review.
IN CONTRAST
GP offer company shares to its employees.
OUR REVIEW
Very realistic and effective
5
RECRUITMENT & SELECTION
Job Announcement: Paper, Magazine, internet Methodology: Three Steps
IN CONTRAST
GP = Similar + Assessment
OUR REVIEW
Need Assessment Round
6
ORIENTATION
5 week Orientation Probation period
IN CONTRAST
GP has brief orientation
OUR REVIEW
KAFCO is the better one.
7
TRAINING
Methodology • mainly through video. • Computer based training is a skill not popular
IN CONTRAST
two steps. classroom training, then attachment.
OUR REVIEW
video training is not the most effective tool Need some Computer training
8
COMPENSATION
Salary
From Theory
• incentive Payment • fringe benefits • Maslow’s Hierarchy
• management Employee • Non-Management
Employees • Salary Survey
Additional benefits • provident fund • severance. • housing colony, own medical
center • school & college, mosque
IN CONTRAST
Provide allowance Transportation
OUR REVIEW
By far the best aspect of the company
9
<< KAFCO School
Housing Medical Center >>
Pictures say more than words
10
PERFORMANCE APPRAISAL
Done annually On scale of 5. informal review takes place between the employee and supervisor. Finally, self-evaluated that needs to be approved by manager
IN CONTRAST done on alternate
days by
the supervisor. Direct competitions are carried out annual review by managers
OUR REVIEW
introduce direct competition
11
RATING ON THE SCALE OF 5 Recruitment & selection (4) Orientation (4.5) Training (3) Compensation (5) Performance Appraisal (4.5)
12
THANK YOU
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