Group Farma

Name ID
Mohidul Islam Rahat 1710914

Fazly Rabbi 1330445

Farjana Ahmed Tisha 1930177

LABOR ECONOMICS AND COMPENSATION THEORY

HRM 370
Submitted to, Dr.Ikramul Hasan
Introduction
• Farma Tea Group is a TEA manufacturer company in
Bangladesh.
• Farma Tea Group goal is to expand sales and profits
while also focusing on boosting the standard of living
and improving the quality of life for everyone.
• Employee involvement is thought to be extremely
beneficial to a company's long-term competitiveness.
• The purpose of this report is to illustrate how different
functions of Labor Economics and compensation theory
 Job Analysis of Farma Tea

Employee interviews Supervisor interviews Structure

Expert panels questionnaires

Task inventories Open-ended Observation

questionnaires
 Specific Duties of Various Jobs in The Company:

Chief Executive Officer

Chief Financial Officer
Head of Marketing
Deputy Manager & IT Specialist
Head of Public relations and
Human resources
Process Engineer
Diagram of Employee and staff in Farma Tea
CEO
DIRECTOR
GENERAL MANAGER
MANAGER
ACCOUNT MANAGER
ACCOUNT EXECUITIVE
PROJECT MANAGER
OPERATION MANAGER
SALES PROJECT MANAGER
SALES EXCUITIVE
Value Chain In HR

• Participation in Strategic Planning

• Focus on Performance and People

• ‍Priority to Talent Acquisition and Retention

• ‍Defense Against Legal Action

Specific Duties of Various Jobs
In The Company:

Process Engineer

Strategic buyer

Regional Sales Manager

Compensation Based on The
Organization
Medical &
Hospitalization Annual leave of 40
Retired benefits
benefits for self and days
immediate dependents.

Sick leave Vacation & holidays Insurance facilities

Retired benefits
More Benefits

House Rent Special

Basic Salary
Allowance Allowances

Leave Travel Provident

Gratuity
Allowance Fund

Medical
Bonus
Allowance
Pay
Structure of
Farma Tea
 Payment Issues

Experience and
Employees may Demand and In-demand skill
educational Location
over/under pay supply sets
background
Profit
calculation and
justification of
the salary
 Conclusion
• Farma Tea Group's general goal is to improve the quality
of life in the areas where it operates, to develop better
goods for better living, and to reduce environmental
impact through a focus on sustainability.
• Farma Tea Group has an integrated human resource
management system that is well linked with the
company's strategy, structure, and culture, according to the
current study.
• Employee will be responsible for starting up medium to
driving alone big projects in the field of food processing.