HR practices of Tobacco Industry in Bangladesh
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The purpose of this report is to understand how an organization in the tobacco industry of Bangladesh uses its HR practices to measure, motivate, and increase the performance of its employees. This report is done on the top four leading tobacco companies in Bangladesh. The companies are British American Tobacco (BAT), Japan Tobacco International (JTI), Fahad Trade International (FTI), and Global Leaf Tobacco Company Limited (GLTC). This report describes how these organizations use HR practices to apply HR planning, recruit and select employees, develop and train its employees with training programs, how they evaluate the performance by using performance appraisal, and types of compensation program they use. These organizations are using HR forecasting to understand the demand and supply of the labors and environmental scanning to understand the external environmental factors for its HR planning, recruitment and selection methods to recruit and select employees according to their policy, to pre-training and post-training for training and development process, using best evaluation methods to review the performance of the employees, and using compensation benefit programs to provide compensation to its employees for their great performance. All these HR practices are continual process that requires regular progress in abilities, knowledge, and work quality which is important for employees. As a result, these four great organizations is focusing on human capital investment since they believe it will benefit them in the long run. They're investing in human capital since, unlike physical assets, human capital cannot be replicated. The HR department of these organizations using strategic human resource planning because it is a method of determining an organization's existing and future human resource requirements in order to fulfill its objectives. Human resource planning act as a link between human resource management and an organization's overall strategic strategy.
- HRM