Internship report on evaluation of human resource management policies and practices of Doctor Tims Pharmaceuticals Ltd.
Abstract
Bangladesh is a developing country in south Asia. Its economy depends mostly on
agriculture. In the earliest period jute and tea industry were very raising industry. But
the scenario is changed. Now our economy mostly depends on Ready Made Garments
industry. Apart from Garments industry, Pharmaceuticals industry is a raising industry
in Bangladesh. So the scenario is changing. Now there are 267 registered
pharmaceutical companies in our country but 195 are in operation. Most of them are
local, but there are also some multinational and joint venture companies operating
their business in our country. They are also contributing to earn foreign exchange in
our country Doctor Tims Pharmaceuticals Ltd. is one of the leading pharmaceuticals
company in Bangladesh. Its corporate headquarters is at The Sterling,# 04-03,1001
Bulkit Timah Road, Singapore – 596288. and its production sites at BSCIC, Konabari
Gazipur, Bangladesh. Modern sophisticated machineries and highly qualified and
skilled professionals are the main instrument for this Doctor Tims Pharma’s success. In
this report we have gone through the overall HR policies and practices of Doctor
Tims Pharmaceuticals Ltd. Doctor Tims Pharma’s HR functions like Recruitment &
Selection, Training & Development, Compensation & Benefit and Employee Relation
are very systematic and legal. Doctor Tims Pharmaceuticals Ltd. always tries to recruit
efficient candidates for the vacant position. They provide management development
training, overseas training, and manager training, training and on the job training and
off the job training, basic training and advanced training etc. Doctor Tims
Pharmaceuticals Ltd. concentrates on employee development as well. They provide
appropriate compensation and benefits like basic salary, over time, gratuity, different
types of bonus etc. It has found that Doctor Tims Pharma’s HR policies and practices
are systemic and sound enough but not yet fulfill the requirements. Remove
misunderstanding and provide training and appropriate compensation when any
accident occurs, authority should cooperate their employees solving the problems.
That is the way they should follow to improve and expand its business.
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- Journal of law [69]