Assignment for: Human Resource Management

Topic: Information about HR of ANY ORGANIZATION

Submitted to: Madam Munazza Saleem

Submitted by:
Omer Irfan (42) Shams ud Din (18)

BS COMMERCE 4th Semester

Quaid-e-Azam College of Commerce University of Peshawar

HRM IN BANK AL-FALAH AND FAYSAL BANK

INTRODUCTION TO BANK AL-FALAH LIMITED
Bank Alfalah Limited was established in 1997, it is a first fully private bank and having fifth position in Pakistani banking sector. It has more than 270 branches across the country. The Bank has highest deposits and huge paid up capital. The Bank also offers latest products and services to their customers.

Vision: To be the premier organizations operating locally & internationally that provides the complete range of financial services
to all segments under one roof.

Mission: To develop and deliver the most innovative products, manage customer experience, deliver quality service that
contributes to brand strength, establishes a comprehensive advantage and enhances profitability, in this way providing value to the stakeholders of the bank.

HR PLANNING PROCESS OF BANK AL-FALAH

HR Department is responsible for an effective HR planning regarding demand and supply of employees and forecasting for these practices. The objectives of human resource planning for Bank Alfalah is same like the other organizations i-e to forecast and plan for the acquisition, retention, improvement and the utilization of HR. At Bank Alfalah Limited, Human Resource Planning involves a decision making in three areas of combined activities: In the first step the Bank Alfalah make a list of requirements to the specified job keeping in view its needs, objectives, additional human resource and skills required, then bank is able to hire the services of right kind of person to that job. In the second step the Bank Alfalah make plans for motivation of their employees by giving them different sort of targets and incentives on their achievement for bringing excellence in the performance of employees in their organization. In the 3rd step, employee goals and the organizational goals are interlinked. Following are the different situations for which Bank Alfalah carries out different human resource planning.

F ORECASTING E MPLOYEE D EMAND

1. 2. 3. 4. Opening a new branch Setting up or starting with new technology Changes in customer demand New services

F ORECASTING E MPLOYEE S UPPLY

1. 2. 3. 4. Transfers Internal movements (Promotions) Job rotations Overtime

INTRODUCTION TO FAYSAL BANK LIMITED

Faysal Bank Limited started operations in Pakistan in 1987. Initially Faysal Bank started functioning as an Islamic Bank but later on it converted into normal bank and renamed as Faysal bank limited. Later on in January 2002, a group entity in Pakistan i.e. Al-

Faysal Investment Bank Limited became associated and merged into the current Faysal Bank. The Head Office of the bank is situated at Faysal House Shahra-e-Faisal, Karachi.

HR PLANNING PROCESS OF FAYSAL BANK

These are the steps of HR planning process in Faysal Bank.
Determining the objectives (To know where they are and where they wants to go)

1. 2. 3.

Defining skills required to meet objectives (To train their employees to meet the objectives effectively and efficiently) Determine additional human resource requirement (To determine the need of extra work force to do the job) Develop action to meet the anticipated HR needs. Like all other good organizations, HR manager of Faysal Bank also builds employment plans which are based on the basic assumptions for employment by forecasting three things: The supply of inside candidates Personnel needs The supply from outside candidates according to the bank requirements.

By the utilization of their resources, it is checked that either there is any job placement or any expansion in their business so that new jobs are open for new candidates .All these issues are tackled by the HR manger and their respective staff.

COMPARISON OF BANK AL-FALAH AND FAYSAL BANK

1. At Bank Alfalah the job analysis is conducted when the organization wants to open a new branch, setting up new technology or new services etc. They have specific job description and job specification for each post. While in Faysal Bank they also conduct job analysis whenever it is needed for middle level staff. But there is no specific job description and specification for lower jobs. As far as top managerial jobs analysis are concerned, Bank Alfalah adopt the universal way of recruitment from both internal and external sources according to the job description and specification given by the head office. While in Faysal Bank the top managerial post are mostly filled from internal sources from the persons with the required specification and job description by the head office. The Bank Alfalah gets feed back from the lower supervisory staff and also from middle level of managerial staff in the branches for their recruitment purpose. They provide job description and specification to HR department where they analyze and make recruitment with the consultation of the top managerial staff at the head office but Faysal Bank totally relies on the HR department of their bank who are responsible to keep an eye on the requirements of different branches with their expansion and growth. They mostly provide the required staff from internal sources but external sources are also mobilized when suitable candidate is not available for the job having certain specification and description. The main objective of HRM is to plan for the present and the future of the organization.

2.

3.

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REFERENCES
MUHAMMAD HABIB ULLAH (CIIT/FA09-MBA-084/LHR) did internship at Faysal Bank and Bank Al-Falah limited. Data was extracted from his own internship report.