Human Resources Management Essay

Human Resources Management (HRM) is a new concept. It is a combination of HR, Accounting, Management, Financial Management and Economics. Globalization to would economy has exposed the incorporate transmission line governing to worldwide competition, mobilization of professional manpower and modernistic quantitative wipe outment practice. So, there argon growing realization cannot strike its goal effectively and efficiently. To face this complex management challenge, effective objectively measurable database system to measure and apply HRM information.Now-a-days, in Bangladesh, every year, and considerable amount of money and talented HRM ar being engaged by corporate to improve the productivity or skills o f their manpower across the country. Such huge expenditures are made with the foretaste of succeeding(a) re figure outs in terms of improved services to be rendered by trained employees. In other words, organizations by investing human resources development unimpeach ably increase the service po xtials embodied in human resources and these investments thus acquire economic assets for the organizations.Human resource (or personnel) management, in the sense of getting things do through with(predicate) and through people, is an essential part of every managers responsibilities, notwithstanding many organizations find it advantageous to establish a specialist variation to provide an expert service dedicated to ensuring that the human resource suffice is performed efficiently. People are our just about valuable asset is a platitude which no member of any senior management team would dissent with. Yet, the reality for many organizations are that their people remain down the stairs take accountd, under trained and under utilized.The rate of change facing organizations has never been biger and organizations must absorb and manage change at a ofttimes faster rate than in the past. In order to implement a successful business schema to face this challenge, organizations, large or small, must ensure that they have the right people capable of delivering the strategy. There is a long-standing argument about where HR-related functions should be organized into large organizations, e. g. , should HR be in the Organization Development department or the other right smart around? The HRM function and HRD profession have undergone tremendous change all over the past 20-30 years. Many years ago, large organizations looked to the Personnel Department, mostly to manage the paperwork around hiring and paying people. More recently, organizations consider the HR Department as playing a major role in staffing, training and support to manage people so that people and the organization are performing at maximum cap magnate in a highly fulfilling manner. keep company Profile History of Partex GroupPartex Group is among the large Bangladesh private domain manufacturing and service based enterprises, owning and operating over twenty uni ts giving value for money to all customers. The group started modestly in 1959 in tobacco plant trading and with prudent entrepreneurship of our Founder Chairman Mr. M. A. Hashem today we have a stake in tobacco, food, water, soft drinks, steel container, edible oil, wooden board, furniture, cotton wool yarn and the IT sector.After Bangladesh was established our Chairman set up M/S Hashem Corporation (Pvt) Ltd. n Chittagong city meeting the large take on of food and materials needed for sustaining the needs of a new nation through imports. From importing to import substitution was the next logical step and the stepping endocarp into the manufacturing sector, which has matured to the multi million dollar diverse investment of the Partex Group today. A dedicated work force and committed board members led by our Chairman and backed by a market oriented corporate strategy has been the cornerstone of our success.Today the group has over twenty family owned private limited companies with a sizable turnover. Ours is a dynamic organization always exploring new ideas and avenues to expand and grow further. Long before milieu came to dominate the development agenda. Star Particle Board Mills in the sixties pioneered an eco-friendly industry to reduce pressure on our scarce plant recourses. It is a unique combination of environmental protection and commerce belaying most doomsayers who claim the two to be at odds.The one score and ten year successful perpetuation of our timber substitute products not tho speak volumes of the foresight of Partexs founders but also their vision of the future. They defend particle board from agro-waste, mostly jute stalks, and ensure greater value to the jute growers of Bangladesh. Products are processed using modern technology to farm homogenous and lovesome particle board that can withstand seasonal change and are free from termite and fungal attack. These particle boards go on to produce veneered boards of various design and t exture.Also door panels both plains and decorative in various finishes and sizes. In addition their produce special furniture boards, stylish furniture and even various plywood on our range of products. Beside, in house and outside training, recruits business graduates from reputed universities as management training for mainstream banking to better smell of human resources contributing towards operations effective and long-term sustainable results. Vision Statement The Sky is not the limit for us, but their expectation is within limits.Therefore, their imagination soars beyond conventional barriers. Partex Group share or destiny with their beloved motherland. They want to serve her in the greater collect for national uplift. Mission statement To sincere traveler, the way is never alike long. Partex Group believes in progress in diversity and service through entrepreneur. They are merchants and missionaries, doers and dreamers, entrepreneurs and professionals. They are futuristi c with emphasis on creating idea and dynamic action. High quality financial services with the help the in vogue(p) technology.Fast and accurate customer services Balance growth strategy High standard business ethics Steady return on shareholders equity. Innovative banking at a competitive price. Attract and retain quality human resource. Firm commitment to the society and the growth of national economy. The aim Enterprise is Partex Groups spirit. Partex Group manufactures superior import-substitute consumer and industrial products. Their teddy edge precision leads to greater public utility and hygiene, with a great care for the environment and human inhabitation.It is the very ingredient that gives their organization the faithfulness upon which their reputation is built and we zealously guard it everyday. Many a g-force minds of their group contributed to their gathered knowledge to keep the wheels rolling that in turn leads them to goal. This cumulative strength of knowledge is required, today, to find new solutions for the manifold problems of fast- ever-changing economic cultural and ecological milieu. Objectives Partex Group is a customer focus modern banking institution thriving fast in both earning and ability to stand out as a leading banking institution in Bangladesh.They deliver unparalleled financial services with the touch of heart to Retail, dwarfish and Medium Scale Enterprises (SMEs), corporate, institutional and governmental clients through the outlets of branches across the country. Their business initiatives center on the emerging need of the clients. Partex Groups client commitments are the next Provided services with high degree of professionalism and use of most modern technology. pretend life-long relationship based on mutual trust and respect. Respond to customer needs with speed and accuracy.