Internship Repot

On
EFFECTIVENESS OF COMPENSATION MANAGEMENT SYSTEM
OF FIRST SECURITY ISLAMI BANK LIMITED.

Supervised by:
DR. MIHIR KUMAR ROY
Professor & Dean
Department of Business Administration
City University

Submitted by:

Fayshal Bokth Chowdhury

ID: 152391040
Batch:39th
Program : BBA
Major: Human Resource Management
Department of Business Administration
City University,Savar

An internship report presented to faculty of Business Administration in Particular

Fulfillment of the requirement for the Degree of
Bachelor of Business Administration (BBA)

Date of submission:15th July 2019

 INTERNSHIP REPORT
On
Effectiveness of Compensation Management System of First Security Islami
Bank Limited.

i
 Acknowledgement

This report is the outcome of my internship work with the First Security Islami Bank Limited.from
May to August 2019

It was a great pleasure to prepare an internship report on “Effectiveness of Compensation

Management System of First Security Islami Bank Limited.”. I would like to thank and convey
my gratitude to honorable supervisor Dr. Mihir Kumar Roy Professor & Dean Department of
Business Administration City University , Savar , Dhaka , for his whole hearted guidance and
supervision . His suggestions and comments to make the report a good one was really a great
source of sprit for me .
My sincere gratitude goes to MD Golom Jilony, First Security Islami Bank, who gave special
attention to me from very beginning and whenever I went there .
I was closely attached with them during my internship tenure. Without them this project would
have been very difficult. I must mention the wonderful working environment and group
commitment of this organization that has enabled me to deal with a lot of things.

And finally, I express my sincere gratitude to all those participated to prepare the report. Most of
them were busy employees of the First Security Islami Bank Limited

………………………………
Fayshal Bokth Chowdhury
ID: 152391040
Batch:39th
Program: BBA
Major: HRM

ii
 Declaration of the Student

I do hereby solemnly declare that the work presented in this report has been carried out by me and
has not been previously submitted to any other university for an academic qualification /certificate/
diploma degree.

This work I have presented does not breach any existing copyright and no portion of this report is
copied from any work done earlier for a degree or otherwise.

I further undertake to indemnify the department against any loss or damage arising from breach of
the forgoing obligation.

………………………………
Fayshal Bokth Chowdhury
ID: 152391040
Batch:39th
Program: BBA
Major: HRM

iii
 Supervisor's Declaration

This is to certify that the Internship Report “Effectiveness of Compensation Management

System of First Security Islami Bank Limited” is the authentic record and the report has been
done by Fayshal Bokth Chowdhury ID: 152391040 Major: Human resource management, under
my direct supervision as a partial fulfillment of the requirement of Bachelor of Business
Administration (BBA) degree, with major in HRM from the Department of Business
Administration, City University.

I recommended this report for submission to the Department of business Administration, its
university for consideration of the examination Committee.
I wish his every success in life.

………………………..
DR. MIHIR KUMAR ROY
Professor & Dean
Department of Business Administration
City University

iv
 Letter of Transmittal
Date: 15th July 2019
Mihir Kumar Roy
Department of Business Administration
City University
Dhaka , Bangladesh

Subject: Submission of Internship Report

Dear Sir,

With best respect and honor, I would like to inform you that I have completed my internship report
on “Effectiveness of Compensation Management System of First Security Islami Bank
Limited” It is an immense pleasure for me to place the same before you.

I made every endeavor to prepare this dissertation and tried my level best to accumulate
relevant and insightful information. It is a great experience for me to work on this topic. I have
tried to make the report vivid and comprehensive within the scheduled time and limited resources.
I sincerely hope that this report will help you to evaluate me. I will be obliged to clarify any
matter or to provide any further information regarding this report.
Thanking you for your kind supervision.
Sincerely yours,

………………………………
Fayshal Bokth Chowdhury
ID: 152391040
Batch:39th
Program: BBA
Major: HRM

v
 Executive Summary

This study “Effectiveness of Compensation Management System of First Security Islami

Bank Limited” was undertaken with the objective of analyzing about the Compensation
Management System of First Security Islami Bank Limited. Data for the study were
collected entirely from the primary sources as well as secondary sources such as Annual
reports, official documents etc. Researcher have divided the whole report into 4 (Four)
chapters. The Introduction part of the report contains the information about the origin of
the report, scope of the study, rationale of the study, objectives of the study, methodology,
and limitations. The second part is overview of First Security Islami Bank Limited. The
next part is on findings and analysis from the given statement. The employees of the First
Security Islami Bank Limited have been interviewed for finding the approximate data and
to evaluate its effectiveness. Finally, conclusion and recommendations are made in the last
chapter. The findings of this study showed that the organization has a Compensation
Management System process. prompt actions and remedies provided by its surveyor staff
following any inspection and report by the enforcing authorities. None of the employees
were highly dissatisfied with the Compensation Management System follow by the
organization. The study recommended that besides the sample organization, the concerned
stakeholders and regulatory body of the Banking Sectors should be sincere to improve the
overall Compensation Management System of the Banking Sector in Bangladesh. The
study concluded that the sample organization (First Security Islami Bank Limited). Not
only the sample Banking Sectors but also the concerned stake holders and regulatory body
should be sincere to improve the overall Compensation Management System to for their
higher employee in the Banking Sector in Bangladesh.

vi
 Table of Content
Serial No Topic Name Page(s)
Acknowledgement ii
Declaration of the Student iii
Internship’s certificate
Supervisor's Certificate iv
Letter of Transmittal V
Executive Summary vi
Table of Content vii

Chapter: I Introduction
1.1 Statement of the Problem 2
1.2 Objectives of the Study 3
1.3 Scope of the study 3
1.4 Methodology of the study 3
1.5 Limitation of the study 4

Chapter: II Organizational overview

2.1 An Overview of First Security Islami Bank Limited 6
2.2 Corporate information 7
2.3 Organization Hierarchy 8
2.4 Branch Hierarchy 9
2.5 Products and Services 10
2.6 Compensation Management System On FSBIL 15
2.7 Mission and Vison of First 26

Chapter: 3 Data Analysis and Finding of the Study

3.1 Demographic Characteristics 28
3.2 Effectiveness of Compensation Management System 31
3.3 Descriptive Statistics Interpretation 35
3.4 Summary of Findings 36

Chapter: 4 Recommendations and Conclusion

4.1 Recommendations 38
4.2 Conclusion 39
4.3 References 40

vii