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.