Report On

HR Practices in Renata Limited Prepared for

md. Lutfur Rahman
Faculty of C.B.A. (Collage of Business Administration). HRM 502 (Human Resource Management)

Prepared by
NAME Group name: ID# no.
Program

1.Sirazum Monira 2. Tanjin Jahan

14104023 14104036

M.B.A. M.B.A.

IUBAT International University of Business Agriculture and Technology. Date of Submission: 1st March, 2014

Letter of Transmittal
1st March, 2014.
Md. Lutfur Rahman Faculty of C.B.A. (Collage of Business Administration). IUBAT International University of Business Agriculture and Technology. Subject: Submission Report on named HR Practices in Renata Limited.

Dear Sir, It will be great pleasure for us if you give permission to submit report named HR Practices in Renata Limited. The main objective of conducting this report is to identify the importance of case study in University education and how can the students be benefited by doing it. Moreover, this report will identify how deeply HR practices are used in any organization and the way of work on it. Though there will be many hindrances arise during we are conducting data and information for this project, we will try our level best to collect as much necessary information as possible.

Yours sincerely

Sirazum Monira

Tanjin Jahan

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Student Declaration

I am Sirazum Monira, the group leader of our group and the other member is Tanjin Jahan. We are complete our report named HR Practices in Renata Limited. In this report we are discuss about the use of HR activities and analysis in Renata Ltd. We are declaring that this report on the stated topic has only been prepared for the fulfillment of our practicum. It has not been prepared for any other purpose.

Sirazum Monira

Tanjin Jahan

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ACKNOWLEDGEMENT
All praise to almighty Allah our creator,

our sustainer to whom we all have to return. We bear the witness that there is none worthy of worship except Allah merciful and benevolent and we also bear the witness that Mohammad (Sallallahu allihi wasallam) is Allahs slave and messenger. In the process to doing and preparing our report, we would like to pay our gratitude and respect to some persons for their immense help and enormous cooperation. First of all we would like to pay our gratitude to our respectable instructor Lecturer Md. Lutfur Rahman , who gave the opportunity of doing Research HR Practices in Renata Limited for our HRM 502 ( Human Resource Management ). Then we would like to thank Admission officer, who provides us much valuable information, which was very mandatory for us to do this research. Finally we would like to thank again respected faculty Lecturer Md. Lutfur Rahman, as because he gave us the opportunity of making such kind of report that will be very helpful for our prospective career.

Table of Contant
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Executive Summary
Bangladesh is a developing country in south Asia. Its economy depends mostly on agriculture. In the earliest period jute and tea industry were very raising industry. But the scenario is changed. Now our economy mostly depends on Ready Made Garments industry. Apart from garments industry Pharmaceuticals industry is a raising industry in Bangladesh. So the scenario is changing. Now there are 225 registered pharmaceutical companies in our country. Most of them are local, but there are also some multinational and joint venture companies operating their business in our country. They are also contributing to earn foreign exchange in our country. Renata is one of the most leading pharmaceuticals company in Bangladesh. Its corporate headquarters is at plot no- 1, milk vita road, sec- 7, mirpur and it has two production sites (one is at Mirpur and another is at Rajendrapur). Modern sophisticated machineries and highly qualified and skilled professionals are the main instrument for this Renatas success. In this report we have gone through the overall HR policies and practices of Renata Limited. Renatas HR functions like Recruitment & Selection, Training & Development, Compensation & Benefit and Employee Relation are very systematic and legal. Renata always tries to recruit efficient candidates for the vacant position. They provide management development training, overseas training, and Field forces training and development program, manager training, training program for distribution assignments and data entry operations, on the job training and off the job training, basic training and advanced training etc. Renata concentrates on employee development as well. They provide appropriate compensation and benefits like basic salary, over time, gratuity, different types of bonus etc. I have found that Renatas HR policies and practices are systemic and sound enough but yet there are some problems like (few misunderstanding, lack of appropriate training to reduce faults). Remove misunderstanding and provide training and appropriate compensation when any accident occurs, authority should cooperate their employees to the problems. I think that is the way they should follow to improve and expand its business.

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