Professional Documents
Culture Documents
SUBMITTED TO:
Miss Naila Akber
HND BUSINESS
SUBMITTED BY:
Sayed Muhammad Ali
Muhammad Haris
Group Members
College Responsibilities
Learner Name Learner Signature
No.
P1, P2, P3, P7, P9, M1,
7190 Sayed Muhammad Ali M2, M3, M6, D1, D2,
D3, D6
P4, P5, P6, P8, M4, M5,
7207 Muhammad Haris
D4, D5
Learner’s Declaration: I confirm that the work submitted for this assignment is my own.
Date 04/07/2009
Outcomes Covered
Outcome Description
2 Evaluate the procedures and practices used for obtaining suitable
employees
3 Establish the effectiveness of principles and procedures for
monitoring and rewarding the employee
4 Examine voluntary and involuntary forms of employee exit from the
organization and the termination of the employment relationship
Synopsis
This report is based upon the human resource management and its practices by two competitor
banks i.e. Bank Alfalah and Faysal Bank.
The report is divided into three outcomes. In the first outcome, we analyzed the objectives and
the process of human resource planning and evaluated the systematic approach to recruitment
and then application of the same on two banks for finding the difference in their human resource
planning department. Also we investigated the recruitment and selection procedure in these
banks with comparison.
In the second outcome, we evaluated the application of appraisal procedures and carried out a job
evaluation for Bank Alfalah. The evaluation is made about the effectiveness of disciplinary and
grievance procedures which are in practice in the Bank Alfalah. Also we have explained the need
for maintaining personnel records by the organization.
In the last outcome, we have discussed the exit procedure used by the two banks and the need for
effective management for employee dismissal. We evaluated the selection criteria used for
redundancy and at the end we proposed techniques for dealing with redundancy.
Authorization:
This assignment was given by Madam Naila Akbar teacher for the subject Human Resource
Management (HND business, semester 2) to our group which comprises of Sayed Muhammad
Ali and Muhammad Haris. We were given the task for submission of report on the analysis of
HRM practices and procedures for obtaining suitable employees, principles and procedures for
monitoring employee’s and employee exit from the organization. 04th July, 2009 was given as a
last date for the completion of this assignment. For this purpose, we selected Bank Alfalah
Limited.
Bank Alfalah was established in 1997, it is a first fully private bank and having fifth
position in Pakistani banking sector. It has more than 270 branches across the country. The
Bank has highest deposits and huge paid up capital. The Bank also offers latest products and
services to their customers. This report gives an explanation about the HR practices in Bank
Alfalah with the analysis of its competitor i.e. Faysal Bank.
Sources:
In order to get clearer concepts regarding the analysis of HRM practices and procedures for
obtaining suitable employees, principles and procedures for monitoring employee’s and
employee exit of Bank Alfalah. Interviews were conducted of the higher authorities, which
helped us a lot to come up with comprehensive analysis and preparing our report on the said
bank. We also took help from few books such as HND Human Resource Management and other
management books as well as search engines like Google and yahoo, which also helped us in
terms of theory.
Limitation:
The main hurdle was a lack of proper human resource department in the branches of Banks.
Therefore the information collected was not in detail or comprehensive.
1
Human Resource Planning (HRP):
Human resource planning is the process of determining an organization’s human resource needs.
It involves forecasting and planning for the acquisition, retention, improvement and the
utilization of HR. In other words we can say that it is the process through which management
select the right number of workforce for the right job, at the right place and at the right time. This
means to complete the task more effectively and efficiently and take more benefits that will help
in the success of organization. Planning is a very important part of any activity. In organization,
every decision needs its own set of plan, as there is a saying that “if you plan to fail, you plan to
fail”. Let us take an example of a firm who wants to enter into a new business or market, for the
success of a new business of a firm they should have proper planning of expansion along with
the need of financial and human resources. So HR Planning Process is the carrying out of
analysis of existing workforce and the forecasted man power. This process also includes the
development of training, skills, abilities and capabilities.
(BTEC HRM, 2001)
2
Step 1: Analysis of the Plans and Objectives of the Organization:
The organization should be clear about its objectives and strategies. The business policies such
as profitability, financial plans, production targets, market forecast and budget ettc are always
based upon and should be related to manpower planning.
3
Comparison of Job Analysis & HR Planning Process in
Bank Alfalah and Faysal Bank:
Job Analysis of Bank Alfalah:
Job analysis is very important task because on the basis of that many administrative and
managerial decisions are made, such as recruitment, selection and training etc.
At Bank Alfalah the job analysis is conducted when the organization wants to open a new
branch, setting up new technology or new services etc. The purpose of job analysis is:
• To collect information about the different level of activities to be performed
• .To collect the data about education, skills, experience, personnel qualities
• To select the suitable person for right job
In the first step the Bank Alfalah make a list of requirements to the specified job keeping in view
its needs, objectives, additional human resource and skills required, then bank is able to hire the
services of right kind of person to that job.
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In the second step the Bank Alfalah make plans for motivation of their employees by giving
them different sort of targets and incentives on their achievement for bringing excellence in the
performance of employees in their organization.
In the 3rd step, employee goals and the organizational goals are interlinked.
Following are the different situations for which Bank Alfalah carries out different human
resource planning.
Like all other good organizations, HR manager of Faysal Bank also builds employment plans
which are based on the basic assumptions for employment by forecasting three things:
• The supply of inside candidates
• Personnel needs
• The supply from outside candidates according to the bank requirements
By the utilization of their resources, it is checked that either there is any job placement or any
expansion in their business so that new jobs are open for new candidate’s .All these issues are
tackled by the HR manger and their respective staff.
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similar in nature. Some policies of Human Resource are different technically, but the overall
HR practices, for example- job analysis, Human Resource Planning are almost same.
7
Recruitment:
Recruitment is the formal process of selection of employees. It is the systematic process of
searching of candidates for employment and encourages them to apply for jobs in the
organization. The overall aim of recruitment is to obtain the quantity and quality of employees.
Effective recruitment is very important for any organization because it is the action in which
management goes into labor market to find individual who is best suited to the job. This is done
only when they communicate the position in such a way that eligible job seekers respond in
positive manner. Similarly the organization must provide essential and clear information about
the job, so that candidates who are not eligible on the given criteria can consider themselves out
of job candidacy. The good recruitment should attract the qualified and discourage the
unqualified, and this will also minimize the cost of processing unqualified candidates.
Advantages Disadvantages
Internal Boost up Moral of employees, Develop Jealousy, Lack of command
Recruitment Incur Low Cost
External Bring qualified persons with new Longer process, More expensive
Recruitment ideas, Cheaper & faster than
training of existing employees
8
Selection Process:
Selection process Involves screening of candidates by which best suitable person is chosen for a
vacant post from a pool of candidates. And rejecting the other who are not found eligible as per
their qualifications and suitability for job. The main objective of the selection process is to
choose the right person for the right job.
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Some time contractual employment is made till the availability of permanent employees for the
post. Such type of employment is usually made on emergency bases.
Following sources are used to invite applications from suitable candidates for internal and
external recruitment:
• Newspapers:
Bank Alfalah advertises the vacancies in popular newspapers, which can either be in English
or Urdu language according to the need of job and situation.
• Website:
Bank Alfalah has also adopted online recruitment process like ROZEE.PK and other online
job offering websites, where they advertise the vacancies. Bank Alfalah also has its own
website, where they advertise the vacancies.
• Direct Applicants:
Fresh graduates keep on submitting their CVs to the HR Department from time to time. HR
Department selects the effective persons for interview and tests whenever a job is vacant.
Selection Procedure:
After the recruitment, the selection of most reliable and capable applicants is made at Bank
Alfalah under the supervision of HR personals.
First of all Bank Alfalah advertises in the media (newspaper, magazine, website etc) that
situation is vacant for the following post, for which their criteria are:
o Candidate must be a citizen of Pakistan.
o They must be qualified in the relevant field having graduate or post-graduate degree.
o Should have attained the age of 18 years but not be exceeding the age of 35 years.
Applications are invited from candidates on prescribed forms against the vacant posts advertised
in the newspapers, after advertisement different people apply for the job. In the preliminary CV,
irrelevant applications are screened out and relevant applications are called for written test. This
test is examined by IBP (Institute of Bankers Pakistan). The test pattern is of GMAT format in
which they judge the person job behaviour and skills of doing individual and group simulation
tasks. Then there is an initial interview in which one topic is given to each candidate and asked
to debate on that. Further screening is made from the group discussion which is examined by 10
HR executives of Bank Alfalah. In this way they judge their personality traits and leadership
qualities. Now final interview is conducted by the president of Bank Alfalah at the regional
office. Then job is offered to deserving candidates who are sent for training to the head quarter,
which is based at Karachi where they undergo intensive training in various fields. After
completion of training they are sent to different branches.
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• Website:
Faysal Bank has also adopted online recruitment process like Bank Alfalah. They advertise
the vacancy on rozee.pk and other online job offering websites.
• Upgrading of present employees according to their performance.
• Retired persons are also reemployed in case of shortage of qualified personnel or increase in
load of work.
Selection Procedure:
The employee selection procedure in FAYSAL Bank is similar like the other banks and
organizations. They select the employees by the following way:
First of all Faysal Bank advertises in the media (newspaper, magazine etc) that situation is vacant
for the following post, for which their criteria are:
• Candidate must be a citizen of Pakistan.
• They must be a business graduate.
• Should have attained the age of 18 years but not exceeded the age of 35 years.
Applications are invited from candidates on prescribed forms against the vacant posts advertised
in the newspapers, after advertisement different people apply for the job.
Scrutiny of application
Short listing
Issuance of call letter
Test
Listing on the basis of test
Call letters for interviews
Interviews-Panel Interviews
Final short listing
Offer letter
Joining
Training
Posting
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Personal Suggestions for the Effectiveness of Recruitment and
Selection Process in the Bank Alfalah and Faysal Bank:
According to our analysis, Faysal Bank is mostly recruiting employees on higher post from
internal sources. Only lower staff and trainee officers are taken from outsources. No doubt it is
economical in a sense that internal recruitment at higher post is a usage of talent and experience,
which has been acquired with the passage of long period of time in their bank. These employees
are well acquainted in their fields, which is not only economical but also time saving and a sort
of encouragement to the lower staff. This also produces motivation and creates sense of
protection among the employees.
But in our opinion, this is the main hindrance in the progress of Faysal Bank because selection
from internal sources is a ban on new talent and experience from outside. Therefore new ways
and ideas are not introduced in their bank and they are running their bank on old beaten tract
without any novelty of technology in their working. It is therefore suggested that certain
technical posts should be filled on merit and open competition that will help in the progress of
Faysal Bank.
On the other hand, Bank Alfalah is always hunting for talent by getting recruitments from
external sources which is good for the bank but their employee feel deprived and less motivated
due to their little chance of promotion and achievements of higher grades, so they are always in
search of good offers from other banks and organization and this is the main cause of brain drain
from the Bank Alfalah.
In our opinion, Bank Alfalah need to adopt a balanced policy of recruitment and selection i-e
there should be atleast 20% reserved seats for internal recruitments of employees at higher
grades, which will bring sort of motivation and the employees will start feeling secure their
future in bank.
12
Performance Appraisal:
Performance appraisal is the assessment of an individual’s performance in a systematic way, in
which the performance is being measured against such factors i-e job knowledge, quality &
quantity of output, initiative, leadership abilities, co-operation, judgment, loyalty etc. Assessment
should not be confined to past performance alone. On the basis of performance appraisals of
employees, certain decisions are made i-e promotion, training, transfers, bonuses & incentives
etc.
Appraisals play a very important role in the employer’s management and their performance. The
main objective of performance appraisal is to improve employee’s efficiency. Appraisal can be
used by the organization in the following ways.
• To improve employees efficiency and their performance
• Develop confidence and hopes in employees about their career development
• Give feedback of the employees to the managerial staff
• Helps in motivating employees
• Provide uniform mechanism of evaluation to all employees
• Establish direction through objectives for performance
• Provide standard criteria for promotion and increase in the salary of employees
• Provide justification for transfers and discharges
• Helps in better understanding between employees and supervisors
Traditional Methods:
Traditional methods are comparatively older methods of performance appraisals which are only
based on personal qualities i-e knowledge, loyalty and leadership etc. Following are different
traditional methods:
Unstructured Method: In this method, appraisal process doesn’t follow any specific structure.
It is only based on the description of the employee by the superior i-e judgment of leadership
qualities by the superior.
Ranking Method: In this method superior is asked to rate all the employees from highest to
lowest. Thus it is easy for superior to rate the best and worst one among all.
Paired Comparison: In this method, each member performance is compared with every other
member in the group. Thus a ranking system is formed and best one is chosen.
Man to Man Comparison: In this method performance of employees is determined on certain
factors i-e initiative, leadership and other personal qualities which are compared with another
employee.
Forced Choice Method: A type of method in which two options is given to the rater and the
rater must choose on of them about employee’s work behaviour.
E.g. is he loyal? (Yes or No)
Essay Method: In this method evaluator writes an essay about employee strength, weaknesses,
and past performance. But there is a major disadvantage in this method i.e. personal clash.
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Checklist Method: In the checklist method, a rater is given a list of behavioural description and
the evaluator merely goes down the list and check off ‘Yes’ or ‘No’ to each question.
Modern Methods:
Modern methods were formulated to improve upon traditional methods. Modern methods
remove the shortcoming of old methods such as biased and prejudiced. Some of the modern
methods are:
Behavioral anchored rating scale (BARS): A performance appraisal technique that appraises
an employee on example of actual job behavior rather than traits. Advantage of this method is
the focus on specific and measurable job behavioral and the disadvantage is time consuming.
Management by Objective (MBO): This method is not done by a single person (Boss) but it is
done through mutual communication between boss and employees. It is the process of goal
setting and feed back.
360 degree feedback:
A performance appraisal method that utilizes feedback from supervisors, employees and
coworkers. This is thorough process but time consuming.
Job Evaluation:
It is the systematic approach for finding the value of the job offered by an organization. In this
we review the job not the person who is performing it. One of the simplest methods of analysis is
to break it into different factors; each factor is then allotted some points or score, on the basis of
those points job is then evaluated e.g. level of experience, knowledge, skill required etc are the
factors which score points in the process of evaluation. The main purpose of job evaluation to
give employee wages in such a way so that, they feel motivated.
When using job evaluation the organization must focus on these points.
1. Detail jobs analysis:
The details job analysis will clearly provide detail information about the following main tasks.
• The specific skills and abilities needed for certain job
• The value of assets
• The working conditions
• The number of employees answerable to the employer
In jobs evaluation, jobs that require greater qualification, more responsibilities and duties should
be paid more than jobs with lesser requirements. The salary of the employee will be according to
the responsibility which they have to perform.
14
The Job Evaluation Criteria of Bank Alfalah:
In Bank Alfalah the job evaluation criteria is the basic pay; the fixed salary or wages which
constitutes the rates for the job. In the skill based jobs, these rates may vary according to the skill
and competence of a person. The rates are fixed by managerial judgment that what is required to
recruit and retain the employee.
There is no concept of bonuses, commission or over time related pay. The official timing of bank
is 09.00 AM to 06.00 PM but almost all of the employees have to work till 08.00 PM. However,
for this additional work they are not given any additional remuneration or over time.
15
Proposed Strategies for Improving Performance Appraisal of Bank
Alfalah Limited:
Normally performance appraisal is carried out by mutual understanding of employees and
employers where some achievable targets are set and the performance is evaluated by scoring
certain points from the factors which are derived from segmentation of the task and finally the
results are obtained from accumulation of the points achieved during a set period of time. The
high or low score of each individual employee is used for giving them promotion or increment.
Following are the some recommendations for improving the effectiveness of this method of
appraisal in Bank Alfalah:
1. The method should be made transparent by using computerized system which are connected
throughout the branches on net, so that overall comparison of the employees can easily be
made and no favoritism or nepotism should be given.
2. This evaluation of appraisal of performance should only be used for motivation purpose and
not for penalizing their employees. Those who are able to score high points should be
awarded in such a way that other employees are motivated to achieve that kind of target in
future.
3. Those who are not able to achieve 50% of their target should be only given letter reprimand
or warning to improve their work or their increment may be stopped next year if they do not
improve their required result.
4. Feedback is also very important factor for improvement of performance appraisal of the
employees in the Bank Alfalah.
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Discipline:
Discipline is the set of rules and regulation for people to follow usually in an organization. If
organization did not have any discipline and rules about the way their employees should behave
then simply they would be free to do anything they want.
Grievance:
It is a formal way of resolving a problem at work. A grievance is a matter connected with the
terms and condition of employment or working arrangements that affect an individual directly or
affect their personal dealings or relationship with other staff members of the organization. It
occurs when employee feels him self that he/she is treated wrongly by his supervisor or
colleagues.
17
Evaluating the Disciplinary procedure of Bank Alfalah:
The rules and regulation of bank Alfalah is very simple. They believe in having comfortable and
friendly environment so the employee can enjoy their work. If some one tries to break the rules
and regulation of the Bank Alfalah then manager has the authority to take strict action against
him. Bank Alfalah is in the position to give benefits to their customers and employees under
certain discipline that’s why Bank Alfalah doesn’t compromise on their rules and regulation.
18
The Need for Maintaining Personal Records:
Every organization needs to full fill the personal records of every employee. Personal records
contain information which is kept on every employee of the organization to form an employee
record. Such records are used for the internal use of the firm as well as by the government and
other agencies.
The need for the effective management of personal records arises because
• The personal data of employee’s history is very important to be stored when ever
updating is required then the stored data may be use.
• When government and agencies wants detailed of any employee then the detailed must be
provided to them.
• Personal or work information is very important for the organization it will gives help in
management areas such as recruitment, selection, healthy and safety issues and in training
and development etc.
The purpose for storing the personal records is to gather or use of communicate information
about the human resource of an organization.
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Dismissal:
It is the termination of the employee’s contract by the employer with or without notice. It is also
the expiry of fixed term contract without renewal.
If an employer keeps an employee in his employment, but on a different contract the employer is
terminating the existing contract and it will count as dismissal. There is a specific procedure for
dismissals of employee. Every organization has different dismissals procedure but the general
dismissal procedure is mentioned below
Friendly Talk:
If the mistake is for the first time and is not so serious then employee should be warn via friendly
in formal talk for not repeat the mistake in future.
Oral Warning:
If the mistake is repeated again then oral warning given to the offender. The human resource
person invites him talks to him and warns him again to be aware such a minor actions in the
future.
First Written Warning:
When the mistake is again done by the offender then written serious warning is given to him.
The mistake which offender is doing again and again is converting in to the habit of the offender
to avoid this habit an organization gives a written warning consist of the details of complaints or
mistakes to the offender. In this written warning the organization warns him to not repeat this in
future.
Final Written Warning:
If an employee making a habit of such type of minor mistake again and again then this action
damages the reputation and image of the organization then a final written warning given to him.
This warning letter consists of the details of the minor mistakes and improvement of the
mistakes. The organization strictly warns him to not repeat these mistakes in future other wise
he/she will be suspended from the job.
Suspension:
If the mistake is strong then the employee may be suspended from the job without pay.
Depending on the level of the mistake the suspension may take up to two months or more.
Demotion:
If the offender is not changing him self then he will be demoted from his post or position. Then
this position is given to other staff member who is perfect for this position.
Dismissal:
This action is the last tool for employee. If employee does not improve his mistakes after several
warnings then dismissal tool to be used by the organization. This is the strongest action that can
be carried out on an employee and he/she will be dismissed rightly.
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Redundancy:
The fact that the requirements of the business for employees to carry out work of a particular
kind in the place where they were so employed have ceased or diminished or are expected to do
so.
Consultation:
The organization, through line managers, and supported by the Department of Human Resources,
shall undertake meaningful consultation with the recognized Campus Union representatives, with
a view to reaching agreement on all matters covered by relevant legislation. The process which
shall normally be followed is set out in the supporting management guidance notes and shall
depend upon the prevailing circumstances.
Where it is not possible to avoid redundancy the requirements of legislation shall be met and a
reasonable period of time shall be allowed for meaningful consultation to take place with staff
and Campus Union representatives. The following are the steps used for redundancy.
Selection:
Selection criteria shall have regard to the number of redundancies necessary and be based
upon the skills required to meet the current and future needs of the organization. Criteria may
include:
• Skills and experience in relevant field.
• Qualification.
• Attendance records.
• Disciplinary record.
21
Comparison of Exit, Dismissal, and Redundancy Procedure
of Bank Alfalah and Faysal Bank:
Exit Procedure in Bank Alfalah:
• Resignation letter in written form.
• Process on resignation letter
• Employee exit interview
• Acceptance of resignation
• Exit check list
If any employee of bank Alfalah wants to resigns from the job then proper procedure will be
done. First of all an employee gives a written resignation letter to the organization in which
he/she mentioned that he wants to resign from the job. After this then the organization start
works on this resignation letter. When this resignation letter comes in process then the
organization decides to accept or deflects this resignation letter. If this resignation letter accepts
by the organization then the exit interview will conducted. The process for this exit interview is
to provide feedback on why the employee is leaving the job what they liked or did not liked
about their employment and what areas of the organization they feel need improvement. After
exit interview the resignation will be accepted by the organization. When the resignation will be
accepted then the employee will be allowed to leave the job. After this the exit check list will be
done this will include the following thing for example
• Clean out entire office (desk, files) return all supplies to production, take all personal
belongings.
• Return all company’s credit cards.
• Hand in all copies of reports and manuals.
• Delete software from personal laptops or home computers.
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Redundancy at Bank Alfalah:
Bank Alfalah is operating under the two types of redundancy.
1. Compulsory Redundancy:
The compulsory redundancy candidates are the most favorable candidates. These candidates
serve the bank from more than 30 years. These candidates are serve from money and also offered
them pension for their future life. The organization also gives them medical or health facilities.
Because these candidates apart from the age of above 55 years and are also the most favorable
candidates for compulsory redundancy.
Comparison:
There is not so much big difference between the exit, dismissal and redundancy procedure of the
organization that we selected .the organization that we selected for this comparison is bank
Alfalah and Faysal Bank. Most of the points are same in both banks. But there is also little bit
difference in their exit and dismissals procedures but the redundancy procedure is same in both
banks. The Bank Alfalah exit procedure is much more complicated as compare to Faysal bank.
They give resignation to the employee after a lot of inquiry but Faysal bank not does so much
inquiry in exit procedure.
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Strategies for Tackling Turnover, Reducing Employee Turn Over
and Cost Associated with it:
Turn over costs for many organizations are very high and can significantly affect the
financial performance of an organization. Direct costs include recruitment, selection, and training
of new people. Much time and expense go into this process. Indirect costs include such things as
increased workloads and overtime expenses for coworkers, as well as reduced productivity
associated with low employee morale. There are many potential causes for turnover. Area
economic conditions and labor market conditions affect general turnover rates and can be very
difficult to manage. However, certain causes associated with turnover in any specific job or
organization can be managed. These include such things as non-competitive compensation, high
stress, working conditions, monotony, poor supervision, poor fit between the employee and the
job, inadequate training, poor communications, and organization practices .For a company to
develop a retention strategy, several steps must be taken.
• First, they must assess the current situation and measure the turnover rate in their
company.
• Hire the right people and continue to develop their careers.
• Improve competitive pay and benefits.
• Provide opportunities for ongoing skill and career development
• Improve supervising training
• Give long term incentives packages to the employees.
• Conduct group meetings with agents to discuss environmental factors, such as stress,
management style, workload, etc
• Conduct regular employee satisfaction survey.
A company must also measure the cost of turnover, develop retention strategies, and plan for
some expected turnover and a changing workforce culture.
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Employees Turnover:
Employees Turnover is the rate at which an employer gains and loses employees. Employee
turnover is costly to the company because immediate vacuum is created which is difficult to fill.
Placement of inappropriate person may take place before recruitment of suitable person. Thus lot
of damage to the organization may occur in the due course.
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• First investigate that the employee is truly involved in fraud or in corruption.
• Take a check upon the employee for the specific time.
• If under this check he/she found in that activities then send the problem to the inquiry
department.
• The inquiry department will give oral or written warning to that employee but during this
warning the department will investigate him/her.
• After a lot of inquiry or investigation if the employee is involved in those activities then
dismissal letter sent to that employee.
• At the end the employee should be dismissed from the job.
Employee Redundancy:
When an employer decides that employee job is not needed to be done by any one then this job
becomes redundant. It is the job which is redundant, not the individual. Employee’s redundancy
may take place due to following two different reasons.
1. If the time period of job is over or the contract is finished
2. Sometimes employees are working properly and the organization also doesn’t want to loose
their services but situation arises due to which organization is compelled to take this step.
Following are the situations in which organizations are bound to go for redundancy.
• The work which was formally performed by man is now done by machines e.g. computer has
replaced hundreds of employees.
• When the business is shifted from one place to another.
• When the job for which employees were hired exists no longer.
• When two businesses merge with each other.
• When there is need of minimizing the cost, staff is reduced.
• Poor planning and falling demand of the product.
• Economic problems or change in technology.
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Evaluation of the Selection criteria used for redundancy
Different selection criteria are used for redundancy, following is the evaluation of some of the
criteria of redundancy.
Voluntary Redundancy: Removal of staff by voluntary redundancy is a good approach than
compulsory redundancy because it is less painful towards both sides. But in case of large scale of
redundancy, this approach is inappropriate as the numbers of volunteers are not sufficient.
Early Retirement: It is similar to voluntary redundancy because it is applied on those workers
who are at the verge of retirement. It is clearly in favour of both individual and organization but
it may result in the loss of experienced person.
Compulsory Redundancy: When organization find the voluntary and early retirement of
employees insufficient then they are compelled to go for compulsory redundancy.
Last in First out (LIFO): In this approach, the new commers are dismissed and the long serving
employees are given a chance to continue. This seems to be a fair approach because it reduces
compensation payments and organization doesn’t loose their experience individual.
Retention on Merit: Employees who are performing well are retained while the less effective
workers are made redundant. For an organization this approach is clearly of their benefit but they
cannot justify the selection by their own way of appraisal of performance of their workers.
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CONCLUSION
Organizations exist when two or more people work towards achieving common goals. An
organization can never be better than the people it hires. Hence we have to get the best to be the
best because the performance of the employees reflects the company’s image and standing in the
market. Better the quality of the employees better the performance of the company.
Bank Alfalah is engaged in several business activities. There are various different techniques and
methods that the management goes through, in order to run this organization. To stay on top,
Bank Alfalah has adopted modern and up to date human resource management concepts. They
adopted such approaches that they have been able to keep their employees satisfied and happy
for so many years.
This report has highlighted different aspects of human resource management i-e HR planning,
job analysis, recruitment & selection, hiring, dismissal, evaluation and assessment of employees
along with personal recommendation and procedures that might be useful for the Bank Alfalah
HR management.
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REFERENCE LIST
Book:
• BTEC. (2001) HND Business: Human Resource Management: BPP Publishing.
• Gary Dessler (2005), Human resource Management, prentice hall of India New Delhi
Web:
• Job Evaluation (Job and work analysis, Date Accessed 28/06/2009)
www.jobandworkanalysis.com/research7.pdf
Persons:
Arbab Ghayoor Khan, In-Charge Human Resources Department, Bank Alfalah University Road Peshawar.
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AGENDA
Meeting No. 1:
Purpose of Meeting:
In this meeting, we discussed the assignment brief in detail. We made a schedule for completing
the assignment and selected the two banks for our report.
Internal Verifier:
Miss Sadaf Ijaz.
Lecturer:
Naila Akber Marwat
Signature: ______________________
30
AGENDA
Meeting No. 2:
Purpose of Meeting:
In this meeting we made a program for visit of the two banks for collection of information and
data for our assignment.
Internal Verifier:
Miss Sadaf Ijaz.
Lecturer:
Naila Akber Marwat
Signature: ______________________
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