24/7 writing help on your phone
Save to my list
Remove from my list
Though Prime Bank is a centralized organization. High –level executives make decisions and similarly low-level executives cannot make decisions, but they can participate with a friendly environment. The Managing director of this bank call the officers and staffs as Vhai.High –level executives are encouraged to participate in discussions and give their opinion towards a particular issue where they are charged in, but final decision will take by the high-level executive.
PBL always concern to make feel to their employees as they are part of owner in the company as a big family.
This ownership thinking create them be aware and flexible to the working place. Employees take the responsibility to done their task correctly. They have one weekly get together for innovate their employees through their performance. Managers and officers keep up a friendly working atmosphere, helpful, co-operative towards the new employees, such as interns, trainees.
Human Resources’ management is always talks about the improvement and also key thing of ‘human Capital” of the organization.
It always talks about the betterment of the employee instruction and recruitment program. It always deals with the bank company employee management progress of the organization. As we notify that those person who are really working in the organization as an employee are the most crucial resources for the organization. These levels of employees are joined to each other and working for the betterment of the object. They are working very hard for the betterment of the business. As we have to work with the HR Human Resource management always recruits of Prime Bank Ltd.
Includes different rations and regulations that the employee must be bound to follow all the rules.
Strategic Human Resource Management is the formulation and implementation of human resource practices that produce the employee competencies and behaviors the company needs to complete its strategic aims. HR practice includes Recruit & Selection, Training & Development, Compensation and also Performance Appraisal. Prime Bank Limited doing their business successfully through the excellent arrangement of HR practices for 23 years with the tagline of “a bank with a difference”. Prime bank limited recruit externally more than internal. They welcome people concerning illustration such as “As you point higher, career is about picking your own vision; its more than regarding picking your occupation.
They carefully manage a learning environment, career development strategy, smooth progression of their talents. They offer an excellent organizational society and aggressive recompense package in a way which always match their employees' requirements. In an exchange of all what they relentlessly look for, individuals with quality education, team-spirit, drive for professional excellence, creative approaches who can, in turn, produce desired end result.
Prime bank limited very often uses different training program according to their need basis. Common bottom training is fixed for all new hiring people for showing them the whole picture of the organization and also how it works to achieve its goal. They have their in house training system. For achieving better skills and new ideas sends employees to different outer training, conferences, central bank training etc. All above are under by Training & Development section.
They provide a lot of inspiration to their employees. Because Prime bank limited believe that, employees are like member of the org family.
Prime bank limited through HR practices; hire new skills and ideas, develop and enhances skills by training, providing appraisal for motivation, a lot of compensation for behavioral changes, ensures the whole organizations achievement.
A Steps of the selection Procedures:
Basically Prime bank does not recruit senior executives. They are giving the post by performance appraisal. When a person work for the best and can provide good performance then they are promoted. By promoting they recruit the senior post. Promoting is mainly done by the software system. Promoting is done in January considering the last year performance. An employee gets promoted after 2 year of the recruitment. There are five parameter of promoting.
There are some point criteria for promoting so that they cannot promote all the officers.
Achieving 85% marks is considered as excellent and 75% is for very good and 65% is for 65%.
The premier Bank follows some chronological steps in order to selecting their employees. Now we are going to give the steps as follows.
The Training and Development Practices of Prime Bank. (2024, Feb 28). Retrieved from https://studymoose.com/the-training-and-development-practices-of-prime-bank-essay
👋 Hi! I’m your smart assistant Amy!
Don’t know where to start? Type your requirements and I’ll connect you to an academic expert within 3 minutes.
get help with your assignment