Professional Documents
Culture Documents
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ACKNOWLEDGEMENT
We thank Almighty Allah, who gave us strength to perform our duty
honestly with zeal and zest. We are grateful to Mr. Saeed Khaki for taking us
through the tough curriculum of Human Resource Management and appeared it
to look so easy. His versatile knowledge and extensive experience in this field
greatly helped us develop our knowledge and concepts. We are grateful to him
for assigning this project, which has further refined our thought about this
diverse field. Finally we would like to dedicate this humble effort to our
families and friends, who supported and bore with us through the difficulties
during its preparations.
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Executive Summary
This project is aimed at studying Human Resource Department of Askari
Bank Ltd. Following points have been discussed in the study:
An overview of Askari Bank.
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TABLE OF
CONTENTS
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Subject
Introduction
Vision
Mission statement
Goals
Branche Network
Services being provided
Organizational structure
Hierarchy of Askari Bank
SWOT Analysis
Strategic planning
HR polices
HRM practices
Recruitment
Selection
Training and development
Compensation
Performance management
Interviews
Conclusion
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INTRODUCTION
Askari Bank Ltd was incorporated in Pakistan on 9 October 1991 and
commenced operations in April 1992, as a public limited company. It has since
expanded to a nation-wide presence with more 226 branches being handled by a
human capital of more than 6000 employees. It has the lowest turnover in the
domestic banking sector.
The Bank is listed on the Karachi, Lahore & Islamabad stock exchanges
and its initial public offering was oversubscribed by 16 times. Askari Bank is
principally engaged in the banking business as defined in the Banking
Companies Ordinance, 1962. As on December 31, 2009, the Bank had the total
assets of over Rs. 254 billion, with around 1,000,000 banking customers. Askari
Bank has a Correspondent Bank Network in more than 95 countries with about
167 banks.
Askari Bank is the only bank with its operational Head Office in the twin cities
of Rawalpindi-Islamabad, which have relatively limited opportunities as
compared to Karachi and Lahore. This created its own challenges and
opportunities, and forced them to evolve and outward-looking strategy in terms
of market emphasis. As a result, Askari Bank developed a geographically
diversified assets base instead of a concentration and heavy reliance on business
in the major commercial centres of Karachi and Lahore, where most other banks
have their operational head offices.
VISI
ON
To be the Bank of First Choice in the Region.
MISSION STATEMENT
To be the leading private sector bank in Pakistan with an international
presence, delivering quality service through innovative technology and effective
human resource management in a modern and progressive organisational culture
of meritocracy, maintaining high ethical and professional standards, while
providing enhanced value to all our stakeholders, and contributing to society.
GOALS
BRANCH
NETWORK
Total
Branches
226
Zone Wise Distribution
Consumer Banking
Islamic Banking
Agriculture Banking
Corporate & Investment Banking
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67
68
36
1
5
Board of Directors
Audit
Committee
Executive
Committee
Company
Secretary
Chief
Credit
Officer
Group Head
Marketing &
Strategic
Planning
Chief
Financial
Officer
Country
Head
Human
Resource
Chief
Information
Officer
Group
Head
Operations
Global
Treasurer
Country
Head
Islamic
Banking
Country
Head
Consume
Banking
Country
Head
Risk
Management
Strategic
Planning
& Economic
Research
Country
Head
International
Banking
Training &
Development
Country
Head
Electronic
Technology
Country
Head
Credit
Administratio
n
Wholesale
Bank Branch
Islamic
Banking
(31
Branches)
Secured
Assets
Products
Country
Head
Special Asset
Management
Marketing
& Media
3 Regional
Foreign
Trade Units
Executive In
charge
President
Support
Service
Quality
3 Regional
Operations
Units
Head
Legal
Affairs
Office
Country
Head
Compliance
& Data
Country
Head
Audit &
Inspection
Complaint
Managemen
t
Chief
Information
Security
Officer
Country
Head
Establishment
Bahrain
Unsecure
Assets
Products
HR DEPARTMENTS
Country Head HR
I
Training &
Development
Recruitment &
Selection
Organisation
Development
HR Operations
Policies
formulations
- Performance
Management
Compen &
Benefits
Adm
- Payroll
- Leave
WEAKNESSES
No advertisement on electronic media has been seen yet.
Since, ACBLs major competitors are Union Bank Limited and Bank
Alfalah has started large media campaign, so keeping in view these
threats, Askari Bank should emphasize more on its advertisement.
some of the employees are burdened with over work.
Division of work and description of job is not properly defined to each
and every staff member.
OPPORTUNITIES
All the opportunities of the 21st century are to be availed in the
information technology. Information technology is the future. Therefore
ACBL should emphasize much on IT,
ACBL should emphasize on E - Banking. In which Bank can design a
universal account like other foreign banks, to enhance online facilities.
Askari Banks growing business requires an extensive branch network.
There are great opportunities for ACBL for the expansion of its business.
THREATS
Askari Bank is facing a strong competition by its major competitors;
Union Bank and Bank Alfalah. Business of these banks is also growing
with very high pace. So in order to achieve the sustainable growth in a
market, ACBL has to remain vigilant about the ever changing
environment and the competitors.
All the competitors are using different means and methods to popularize
their product and services. So ACBL should keep in mind that a customer
cannot come to the bank until he know that my demands will be fulfilled
over here.
ACBL should enhance the Pay Packages given to the employees, because
it has been noticed that the competitors of the ACBL are giving more
suitable pay package to their employees.
ACBL should enhance its Branch Network, in order to capture the market
of different areas.
The SWOT analysis of the bank signifies that its strengths overcome its
weaknesses and its opportunities are more than its threats. This is positive sign
for any Organization
STRATEGIC PLANNING
This Group was recently established to strengthened the marketing and strategic
planning function within the Bank. The main objective of this Group is to
facilitate the management in competitive positioning of the Bank in line with
the market dynamics while focusing on key strategic objectives. The Group also
manages marketing activities from a central platform aimed to improve the
Banks image and also to serve our communities and society at large through
corporate social responsibility projects.
The Group also monitors economic developments by a dedicated research desk,
created for this purpose, that also analysis the market in order to align our
business strategies with competition. The economic research desk also provides
regular updates on different industries, competition, money and stock market
trends, and value drivers in order to keep the management abreast with current
scenarios aiding them in the decision making process.
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PLANNIN
G
HR Department (HRD) is responsible for an effective HR planning and
forecasting regarding demand and supply of employees.
Forecasting Employee Demand.
Employee demand at Askari Bank is
derived from internal growth and influenced by following factors:
Opening a new branch.
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RECRUITMENT
Recruitment Process. Askari Bank recruits both fresh and experienced
persons on regular basis to support its growth strategy. For this Askari Bank
uses both internal and external recruitment sources.
Internal Recruitment. Recruitment is the first part of the process of filling a
vacancy; it includes the job analysis, the consideration of the sources of suitable
candidates, making contact with those candidates and attracting, applications
from them. An organization can never be better than the people it hires and this
is a concept that Askari Bank firmly believes in. They boast about never
compromising on the quality of its people.
Sources of Applicants. Askari bank is well known of being conservative and
this can be justified by the fact that they try their best to fill in any vacancies
that crop up by first scanning their current employees for the required
qualifications and experience. They prefer to go internally because it is
considerably less costly than external recruiting. A present employee is more
likely to stay at Askari Bank than an external candidate. The people already
working for Askari Bank are well aware of its culture and employee
demands and thus provide a better understanding for their work. The
organizational policy of promoting from within enhances the employees
morale, organizational commitment and job satisfaction.
External Recruiting Channels.
At Askari Bank, external recruiting is the
last option. In case a need arises for external recruitment they meet it discreetly.
When enquired on this issue, the HRD said that they do not prefer external
recruitment because it may have a negative impact on the workgroup cohesion
and morale. Askari Bank uses the following channels for external recruitment;
Referrals.
At Askari Bank, referrals act as an effective
recruitment tool. Referrals are most helpful in the cases of highly
specialized jobs. Employees while recommending applicants place
their own reputation at stake; therefore, they are usually careful to
recommend only qualified applicants. Referrals result in maintaining
consistency in the workforce as the people referring their friends
would be well aware of the company culture and environment and
would never suggest a person they know isnt capable.
Walk-Ins.
Other common and effective methods of external
recruitment are walk-ins and write-ins. These methods are quite
informal and provide the applicant an opportunity to sell
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After the recruitment, the selection of most reliable and efficient persons is
carried out at Askari Bank by HRD. The sequence of the selection process is as
follows: Entry Level
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Final/Management Interview.
Now the senior management
conducts the final interview.
Orientation. At Askari Bank, the orientation period is two weeks.
During this time the employees are given information about the job,
the people around them, organizational accomplishments and the
future prospects of the company.
Confirmation.
All new hiring remain on probation for six
months. Confirmation as a permanent employee will be based on the
satisfactory replies from at least three personal references including
former employers as shown on the application form. Usually the most
valuable references are from previous employers. Where necessary
personal contact with previous employers is also established.
TRAINING AND DEVELOPMENT
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Employees Development.
Various training methods are in practice at three
training facilities of Askari Bank at Karachi, Lahore and Rawalpindi. Other than
the training of fresh hires, there are courses for the improvement and
development of current employees. Training Need Assessment (TNA) process is
adopted whereby the employees along with their respective supervisor together
decide what training that employee requires in that year. As a matter of fact,
attending minimum 3-4 day training in a calendar year is a mandatory
promotion prerequisite for every employee. Following approaches are followed
by Askari Bank: On job degrees and certifications.
Assessment Centre. Leaderless group discussions are occasionally
held at all branches and departments followed by conferences at
meetings between employees and among executives and board of
directors on regular basis, for the whole day, normally after the
banking hours. During training sessions Role Plays are also given to
employees, which help them to develop themselves.
Performance Appraisals.
The most important source of employee
development which results in the promotions, rightsizing, increase in
salary, perks and benefits is done in Askari Bank with the help of
feedback.
Employee Assistance Program.
All employees at Askari Bank are
given the opportunity to get themselves proper training in their
desired areas, Employees do an informal counselling with their
supervisors for improvement in their work and also in career
development. At Askari Bank every employee is given an opportunity
to do extra degrees and certifications in his field or where he / she is
lacking skills e.g. MBA- Executive and others. Askari Bank has also
more than 50 refresher courses in different area of banking and
management. Employees are fully supported at Askari Bank to take
these courses and degrees.
Sabbaticals for Training.
For refresher courses, which are usually
not longer than 7 to 10 days, sabbaticals are given to the employees.
This motivates the employees to take these courses whenever an
opportunity is there.
Interpersonal relationship development.
Evaluation of Training Program
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COMPENSATIO
N
Askari Bank offers an attractive perks and privileges package, which is
highly competitive. Some of the features are discussed here: Salary
Basic Salary.
Performance bonus.
Annual increment.
Official vehicle (AVP and above).
Telephone/cellular phone.
Reimbursement of house rent.
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Transfer grant.
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INTERVIE
WS
We have gathered the required information through liaison with Zubair
Ahmad Sheikh, Bank Manager Askari Bank Multan Cantt and series of
telephonic interviews with top HR officials of Askari Bank. We have
interviewed Mr. Riaz Khan Bangash, Senior Vice President HR and Mr.
Muhammad Asif, Assistant Vice President / In-charge Recruitment & Selection.
We asked following questions.
What is the HR hierarchy of Askari Bank?
What is the HR planning regarding demand and supply of employees
and forecasting for these practices in Askari Bank?
When do you have need of employee at Askari Bank?
Which factors do you use in employee supply at Askari Bank?
In case of shortage of employee, which method do you use to fulfil
requirements of employee, overtime or hiring?
Which method do you use for recruitment?
What are various steps of selection in Askari Bank?
How much Training and Development contributing in achieving goal?
What is the compensation policy of your bank?
How do you carry out the performance management in Askari Bank?
Which external recruiting channels are being used in Askari Bank?
In which areas is the training most important?
Do training methods need assessment process?
Give the detailed information of HR policies in Askari Bank?
What jobs do you actively recruit for?
What Training & Development opportunities are available at Askari?
How is the working environment at Askari Bank?
CONCLUSI
ON
Askari Bank is a role model for progress in our country. It has proven
over the year that with dedicated hard work, phenomenal progress can be made
even with totally domestic talent and resources. It is successfully growing in the
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