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: