Beximco-Pharmaceuticals-Limited-1.docx - Submitted to M...

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Submitted to M. Nazmul Amin Majumdar Master of Business Administration BRAC University Submitted by Group-2 SI # Name ID 1 Fatama Nashir 1636402 7 2 Fahim Rahman Aelham 1636406 5 3 Md. Mahmudul Hasan 1526402 5 4 Sanjida Noor 1636406 7 5 Fahmina Rahman Mahia 1616402 5 Course No: HRM611 Course Name: Compensation Policies Spring 2018 Date of Submission: 05.04.2018
Executive Summary The purpose of this term paper project is to master the efficiency in the subject. Compensation Policies is such a course which requires much of practical experience than theoretical knowledge. We have been assigned to work on an assignment to find out the organizational compensation policies in Bangladesh. Here we’ve chosen to work with the Beximco Pharmaceuticals Limited. When it comes to the Pharmaceuticals industries, Beximco Pharmaceuticals Limited require to be mentioned because of its long period business in Bangladesh. Beximco Pharmaceuticals Limited already has a prominent market share in the pharmaceuticals industries. The main responsibility of this term project is to differentiate the existing compensation management policies, finding new approaches that need to be taken to ensure ongoing strategic competitive advantage and what kind of compensation management will be faced by Beximco Pharmaceuticals Limited in future. Beximco Pharmaceuticals Limited have excellent human resources and training department, devoted to make skilled employee while engineering department is ensuring proper operations of machineries, electric and electronic equipment during production. Its safety measure for the employees is excellent. During our assignment we find how the problems and complications that surfaced in Beximco Pharmaceuticals Limited. We also propose some recommendation that will help to overcome the Beximco Pharmaceuticals Limited’s compensation management policies and that will help the employees to give maximum output for the organization. Through this assignment we have tried our best to utilize all the useful text book guideline and our knowledge gathered from our compensation policies class lecture.
Introduction History of the Industry Beximco Pharmaceuticals Ltd also known as Beximco Pharma is a pharmaceutical company in Bangladesh. It is part of the Beximco Group of Companies. The Beximco Group is the largest private sector group in Bangladesh. It was founded in the 1970's by two brothers – Ahmed Sohail Fasiur Rahman and Salman Fazlur Rahman. Since the early days, the Group has evolved from being primarily a commodities trading company to a leading, diversified group with a presence in industry sectors that account for nearly 75% of Bangladesh's GDP. BEXIMCO's corporate mission is "Taking Bangladesh to the world". As BEXIMCO has grown over the years, the flagship platform now has operations and investments across a wide range of industries including textiles, trading, marine food, real estate development, hospitality, construction, information and communication technologies, media, ceramics,

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