Nitol Motors Ltd Hr Planning

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Letter of Transmittal

August 20, 2017

Md. Al-Amin,

Department of Management

North South University,

Plot-B, Basundhara Residential Area, Bangladesh.

Subject: Submission of the group project report on HR Planning of Nitol Motors Ltd.

Dear Sir,

It is indeed a great pleasure for us to be able to hand over our project report on HR Planning of Nitol Motors Ltd. This report is the result of the interview with the Assistant Manager of the Nitol Motors Ltd, and knowledge which has been acquired from the respective course.

We tried our level best for preparing this report. The information of this report is mainly based on the Assistant Manager of Nitol Motors Ltd. Some other details and information were gathered from the internet. All of us gave our hundred percent for making this report come together.

We, fervently hope that you will find this report worth reading. Finally, we hope you will appreciate our hard work and excuse the minor errors. Thank you for your cooperation.

Sincerely,

Acknowledgement

In real sense, a project is a combined effort of student skill and knowledge under the precious guidance of their experience and kind guidance of their training stuff. Thus our project cannot be accomplished to one’s satisfaction without proper guidance and total cooperation of all those involved in the project. So we are very thankful to the kind person Salam Shawkat Raju, an assistant manager of Human Resource Management of Nitol Motors Ltd., who has helped us.

At first we express my deep gratitude and sincere thanks to Almighty Allah for providing us sufficient strength to make this report successfully and also my respected faculty Md. Al-Amin for his valuable guidance interest and consistent encouragement to us in the preparation of this project report. Without their valuable input, this report and research could not have been successful.

We also want to extend our greatest thanks to all those who are associated and contributed in this project.

Table of Contents

Executive Summary        5

Introduction        6

Methodology        6

Company Background        7

Strategic Human Resource Management (SHRM)        8

Recruitment        8

Selection        9

Training        10

Performance Appraisal        11

Benefits offer        11

Recommendations        12

Conclusion        13

References        13

Executive Summary

NITOL MOTORS LTD. HR department supports other departments by supporting and coordinating the departments to achieve organizational goal. The most important responsibility of HR department is managing the human resource of the company. It starts from recruiting and selection. The HR department finds out HR need by trend analysis and forecast the supply from internal and external sources. They attract candidates by giving advertisement and arrange test to assessment the candidates. They usually use Intelligent test, Aptitude test, Situational test, and Motor and Physical ability test. Tests are varied based on position and experience. After the tests every candidate goes through an interview session. The format of the interview is unstructured. As they think an unstructured interview is more helpful to analyze a candidate. They conduct the interview through a panel consisting of 3-5 members. After successfully selecting the desired candidate, the company send the candidate for training. They provide both On-The Job Training Methods and Off-the Job Training Methods. After joining the workforce, the employees are evaluated. They used Graphic Rating Scale Method for performance appraisal. Now the organization follows Management by Object (MBO) method. In Nitol Motors Ltd., immediate supervisor appraises their subordinates’ performance. But a board meeting is held on this appraisal. NITOL MOTORS LTD provides different kind of employee benefit. Every employee of Nitol Motors Ltd. gets Eid and Puja vacation, normal holidays, Family Vacation Leave, Sick Leave and parental leave. Nitol Motors Ltd. has health insurance benefit.

Introduction

We prepared this report for our honorable faculty member Md. Al-Amin, Lecturer, School of Business and Economics of North South University. We selected NITOL MOTORS LTD.  for our study.

Humans are also an important asset for the company along with their market reputation and sustainable competitive advantage. Human Resources Management (HRM) is the strategic management of the employees, who individually and collectively contribute to the achievement of the strategic objectives of the organization. These individuals hold the organizational goals, policies, beliefs up front and focus on achieving them. An organization can only be successful if it has gained the commitment of their human resource in the attainment of the organization goals and objectives and in doing so the role of manager is equally significant. In this report we want to explore the root of this success which is the employees, how they are recruited, selected, trained and developed and retained in the organization. The following analysis will enhance our ability by comparing the knowledge gained from academic perspective with the practical scenario.