Post on 20-Jan-2015
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Human Resourse management
• Prepared by: mahrukh pervaiz
Topic: Non-monetary benefits:
Definition :Non-monetary benefits are benefits that are not, or cannot be, directly measured in terms of monetary
units.
These include the satisfaction realized from enjoying a certain way of life or style of work, such
as fishing in a rural coastal community.
Introduction of non-monetary benefits:
• There are many types of non monetary benefits namely:
• Free food• Work/life balance• Relaxed environment• Nice place of work• Teamwork • Conveyance
Practical study of HBL
History of HBL bank:
HBL established operations in Pakistan in 1947 and moved its head office to Karachi. Its first international branch was established in Colombo, Sri Lanka in 1951 and Habib Bank Plaza was built in 1972.
HBL was nationalized in 1974
On December 29, 2003 Pakistan's Privatization Commission announced that the Government of Pakistan had formally granted the Aga Khan Fund for Economic Development (AKFED) rights to 51% of the shareholding in HBL.
Values of HBL:
• Integrity: • Team Work:• Culture of
Innovation:
HBL provide non-monetary benefits to employees:
• Great Learning facilities.
• Provide guidance to deal with
customers.• workplace that taught
to be a Professional.• Accommodation to its
senior employees.• Medical facility up to
certain limits.
BUSINESS ISSUE
• HBL’s Human Resources department maintained employee records
in the form of paper files, which were kept in steel cabinets in a large store room.
These files were numbered by Employee codes and a
manual register was being maintained to record its issuance
Competitors of HBL:
Swot analysis:Strengths:• Professional and well trained staff.• Decentralized authority.• Highly competent and able officers.• Proper data maintenance and security system.• Easy access of customers.
Swot analysis:
Weaknesses Lack of customers feedback.• Difficult to maintain
same environment in each branch.• Weak marketing policies.• Nepotism and favoritism.
Swot analysis:
Opportunities: Promote IT sector.• E-banking facility.• Large deposit base and fund flow.
Threats::• Competition from other banks.• Advance
technology.• Political instability.
Recommendations n conclusion: