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Assignment ON Human Resource Practices Square Textile Limited
Assignment ON Human Resource Practices Square Textile Limited
ASSIGNMENT
ON
Human Resource Practices
SQUARE TEXTILE LIMITED
SUBMITTED TO
Samsul Alam
Lecturer (Senior Scale)
Department of Business Administration
Daffodil International University
SUBMITTED BY
Section: PC-E
Department of Business Administration
Daffodil International University
SUBMISSION DATE
17.08.2020
Table of Contents
Topics Pages
Executive summary 3
Organization Overview 3
Organogram 4
Management Structure 5
Business Activities 8
SWOT Analysis 8
society at large by creating new wealth in the form of goods and services that go to satisfy the
wants of all of them without distributing or damaging the socio-ecological balance of the mother
earth and the process of human civilization leading to peaceful Coexistence of all the living
beings.
The Objectives of the Company:
· To strive hard to optimize profit through conduction of transparent business operations within
the legal & Social framework with malice to none and justice for all in respective of gender
disparity, caste, creed or religion or region.
· To Increase productivity.
· To create more jobs with minimum investments.
· To be competitive in the internal as well as external markets.
· To maximize export earning with minimum imported in-puts.
· To reduce the income gap between top & bottom categories of employees.
· To promote corporate social responsibilities (CSR) amongst all.
Organogram:
5
Management Structure:
Management Apparatus
Management Committee
Management Team
Square has a personal and administrative Department. Square is one of the biggest employers in
Bangladesh. The total number of employers in Bangladesh. The total number of employees is
1,223. For the employees there are systematic in house training in home and abroad. To motivate
the employees, along with salary and benefits the company provides various facilities like free
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meals , free transportation , 24 hour medical center , on site sports . A production and
accommodation facility includes full time supply of safe drinking water, adequate lighting and
ventilation facilities from sheet.
Recruitment
Training
Performance Management
Labor relation
Employee relation
Job analysis
Job design
Selection
Development
Incentives
Benefits
Recruitment is the process trough which the organization seeks applicants for potential
employment. Selection refers to the process by which it attempts to identify applicants with the
necessary knowledge, skills, abilities and other characteristics that will help the company achieve
its goals, companies engaging in different strategies need different types and numbers of
employees. The strategy a company is pursuing will have a direct impact on the types of
employees that it seeks to recruit and selection.
Source of recruitment:
There are two kinds of source SQUARE uses for recruitment. They are-
1. External source
2. Internal source.
We try to discuss all relative sources which are used for recruitment in SQUARE
Internal source: SQUARE thinks that current employees are a major source of recruits for all
but entry-level positions. Whether for promotions or for ‘Lateral’ job transfers, internal
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candidates already know the informal organization and have detailed information about its
formal policies and procedures. Promotions and transfer are typically decided by operating
managers with little involvement by HR department.
Job-posting programs: HR departments become involved when internal job openings are
publicized to employees through job positioning programs, which informs employees about
opening and required qualifications and invite qualify employees to apply. The notices usually
are posted on company bulletin boards or are placed in the company newspaper. Qualification
and other facts typically are drawn from the job analysis information.
The purpose of job posting is to encourage employees to seek promotion and transfers the help
the HR department fill internal opening and meet employee’s personal objectives. Not all jobs
openings are posted .Besides entry level positions, senior management and top stuff positions
may be filled by merit or with external recruiting. Job posting is most common for lower level
clerical, technical and supervisory positions.
The common reason. Some might gladly stay if they could rearrange their hours of work or their
responsibilities .Instead, they quit when a transfer to a part-time job may retain their valuable
skill and training. Even if part- time work is not a solution, a temporary leave of absence may
satisfy the employee and some future recruiting need of the employer.
External source: When job opening cannot be filled internally, the HR department of SQUARE
must look outside the organization for applicants. We discuss all the external source of
recruitment at bellow:
Walk-ins and Write-ins: Walk-ins are some seekers who arrived at the HR department of
SQUARE in search of a job; Write-ins are those who send a written enquire .both groups
normally are ask to complete and application blank to determine their interest and abilities.
Usable application is kept in an active file until a suitable opening occurs or until an application
is too old to be considered valid, usually six months.
Employee referrals: Employees may refer job seekers to the HR department .Employee
referrals have several advantages .Employees with hard –to –find job skill may no others who do
the same work.
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Employee’s referrals are excellent and legal recruitment technique, but they tend to maintain the
status quo of the work force in term of raise, religions, sex and other characteristics, possibly
leading to charges of discrimination.
Advertising: Want ads describe the job and the benefits, identify the employer, and tell those
who are interested how to apply .They are most familiar form of employment advertising .for
highly specialist requites, ads may be placed in professional journal or out of town newspaper in
areas with high concentration of the desired skills
Business Activity:
The business lines of Square Textile Ltd. are manufacturing and marketing of yarn. Its factory is
located in Gazipur, Dhaka. The manufactures 100% Cotton Ring Span Yarn or Hosiery, 100%
Cotton OE Rotor For Hosiery and Knit Fabrics for 100% export oriented readymade Garments
Industry.
SWOT Analysis
SWOT analysis means analysis of strengths, weaknesses, opportunities and threats. For Square
Textiles Ltd., it is given below:
Power: Square Textiles Limited is a fast expanding company. Launched in 1999, it has already
doubled its net turnover between 2006 and 2006. All units of the factory are imported from
Germany, Switzerland, Italy and Japan, enjoying superior equipment. As a result, it can maintain
a smooth rate of production. Su trained human lessons are another strength of the company. They
train their key personally at home and abroad. So that the company can get some competitive
advantage from the competitions. The HRM practice is also noteworthy.
Weaknesses: There are many departments under the supervision of the General Manager which
can lead to low productivity due to large supervision.
Opportunity: There are bright opportunities for companies in overseas markets. If it could
communicate well and capture a significant market share in the European and US markets, it
could get the scale economical.
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GROWTH OF MARKET:
The Company’s marketing operations continued its emphasis on export sales over the years as
depicted below:
Financial Result:
The Company’s operating financial results, as compared to the previous year, are summarized
hereunder:
(Taka) (Taka) (Taka)
Year 2006 Year 2005 Year 2004
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The gross margin rose to 17.39% from the level of 16.14% in 2006. As the operating & financial
expenses declined , net margin also rose 4.55% in 2005 to 7.98% in 2006. Net Profit (AT) has
been increased due to cost control measures , procurement strategies and favorable export prices
in the international market
Community Investment: Squares activity goes well beyond the specialty of business. As a
socially conscious and responsible corporate body, we are committed to the improvement of the
society as a whole.
Contribution to Acid Survivors foundation (ASF) Fund: Square Toiletries Ltd. one of the
concern of Square Group is involved in fund raising program with Acid Survivors foundation.
With this fund Square conducts awareness program and stand along with these Acid survivors.
Square Toiletries Ltd donates Tk 1/- for the sale of each packet of Senaora Sanitary Napkin to a
local initiative named Acid Survivors’ Foundation (ASF). ASF actively helps to rehabilitate the
poor women who are sufferer from serious physical injury caused by crimes related to acid
throwing. So far, Square Toiletries Ltd has contributed Tk 1.2 million to the ASF fund.
Free Treatment for underprivileged people: Square Hospitals Ltd is one of the concerns of
SQUARE Group. Conducts free medical treatment program for underprivileged patients of its
surrounding community on 27th day of each month.
Support for Vocational Training: Square Toiletries Ltd also assists the Naksha Training
Center, where vulnerable women are vocationally trained for operating sewing machines. Also
run a program with one of our buyer Marks & Spencer we employing physically challenged
people.
Reference: https://textile.squaregroup.com/sqtextile.html