General Functions of Human Resource Management and Its Practices In eGeneration Limited

Abstract

If anyone involves in a conversation regarding the Information Technology (IT) industry in Bangladesh, eGeneration Limited would be a shiny part of that individual’s conversation, since it is one of the leading Bangladeshi IT organizations operating at the moment. Due to much contemplation as the company understands the significance of Human Resource Management, it has proficient HR professionals supervising HRP, recruitment and selection, training and development, compensation management and legal compliance regarding personnel. Human capital acquirement begins from personnel requisition that has been done through yielding suitable candidate pool and selecting the appropriate ones for the organization on a methodological manner. Making employees skillful, more competent, and developed to further personal and organizational achievement are something that has been taken care of by providing apt training and development programs arranged by HR department. Employees’ performances are evaluated once a year following the Management by Objectives (MBO) and Ranking method, where such evaluations attained from performance management stand extremely useful in times of rewarding employees, promotion and providing customized development plans. Furthermore, it has established its policies and practices according to, or in some cases exceeding the minimum benchmarks determined by the law of Bangladesh. However, the organization still should introduce some necessary policies for the betterment of its own employees, such as, providing overtime allowance, retirement plans, fulfilling a fire hazard free work environment and many more. Lastly, eGeneration Limited having such goodwill in terms of legal compliance, should be more obedient and sincere to the laws so that effective and smooth organizational operations can take place and the organization can head toward nothing but success.