Internship Report on Human Resource Management Practices of Union Bank Limited.

Abstract

Union Bank Limited has been operating as a leading 4th generation private commercial bank in Bangladesh, with a strong business arrangement of 96 branches and 23 sub-branches throughout the country, providing sincere and customized banking services to its customers in a welcoming and technologically advanced environment. The Bank's functions include a wide range of services and functional activities for individuals, businesses, corporations, and other multinational organizations. The report began with a profile of Union Bank Ltd, including its background history, mission, vision, corporate culture, and organizational hierarchy. Following that, the following section contains information about my internship activity and job responsibilities while interning at the bank. The following section is the most extensive, and it includes HRM Practice in Union Bank Ltd; Introduction to the topic, recruitment and selection process, training and development, compensation policy, leave management, training evaluation process, performance appraisal, and career development, and so on are all part of the project. Each chapter begins with a detailed explanation of the HR functions, followed by the Union Bank Human Resources Division (HRD). They recruit as they see fit and appoint those they believe are suitable after personal consideration. The majority of private-sector organizations hire relatives for high-level positions. Thus, social contacts and personal relationships have an impact on promotion transfer and benefit practices. Organizations that offer systematic internal training tend to be more successful & the majority of training is informal and on-the-job. Regular employees' performance is evaluated on an annual basis. Each employee's remuneration is determined by her or his individual performance as measured against predetermined criteria. In this study, I analyze Union Bank Ltd.'s SWOT analysis in order to determine the organization's key strengths and weaknesses, as well as its opportunities and threats. In my report, I also strive to include my real-life experience in branch banking, as well as different banking functions and day-to-day banking activities.