Professional Documents
Culture Documents
for Life
Submitted To:
Ms. Tahira Nisar
Submitted By:
Submitted
on:
16.5
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16.5
17
16.5
16.5
Submitted To:
Ms. Tahira Nisar
Submitted By:
Submitted
on:
16.5
17
16.5
17
16.5
16.5
Dedicatio
n
We dedicate this report to our
Parents, Teachers, Friends and MCB
Bank staff because of their
encouragement and guidance we
have been able to complete this
report
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Acknowle
dg
m
en
t
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Abstract
Summary
This report reveals the Human Resource Management
scenario of one of the main third rank Banks of Pakistan that is
MCB. The report primitively gives an introduction to MCB by
discussing its vision, mission and objectives. Further it aims to tell
how actually the human resource of MCB is managed and
sustained. A brief background of human resource department of
the bank is given.
Then the report proceeds with describing the major functions
of the Human resource department. It also discusses all the
elements of these major functions in detail like job analysis, job
advertisement, rewards and incentives etc. Lastly how MCB
implements certain laws relating to human resource like equal
employment opportunity.
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Executive
Summary
This report is about our visit in MCB Bank Limited. The bank
tries to control its costs and increases its efficiency and
productivity.
This report covers many important aspects which are
basically related with the Human Resource (HR) department.
During our visit, we learned about different functions, roles and
responsibilities performed by HR as a whole. We also learned
banks coordination with their employees and other branches. We
also knew about record keeping and documentation requirements
for many kinds of activities and different sort of processes,
especially the requirements of HR documentation for different sort
of activities. This report contain all the information regarding MCB
HR planning and how its done. MCB recruit its employees through
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Table of Contents
Dedication
Acknowledgment
Abstract Summary
Executive Summary
Introduction:
Vision statement
Mission statement
Core-values
Human Resource Department:
Origin and History:
Human Resource Hierarchy:
... 4
Duties, Roles and Responsibilities:
Functions:6
Organization career management:7
HR Planning:7
Qualitative Needs:8
Quantitative Needs:8
Job Analysis:9
Job Advertisement:9
Recruitment and Selection:10
Sourcing the qualified human resource:11
Review candidates and develop short list:1
Testing:1
Interviewing:2
Hiring:
Orientation:3
Training:3
On-the-job Training:
Off-the-job Training:
Apprenticeship Training:
Effective lectures:
Performance Appraisals:
Employee Compensation:
Rewards and Incentives:
Employee Safety and Health:
National level:
Investing in people
Human rights
Sports
Welfare Scheme
Introduction:
Muslim Commercial Bank limited is one of the main banks in
Pakistan, eminent for giving quality keeping money administrations,
innovative improvement and expert administration. Today, the Bank is
reputed as a sound financial institution with the highest market
capitalization 21.4% (as at 31st December, 2014). MCB Bank Limited is
one of only a handful couple of foundations in Pakistan that is
perceived and exchanged the worldwide business sector.
Today MCB Bank offers wide range of trade products assisting to
your business needs in affordable & appropriate ways. These products
are offered through a wide network of branches. MCB is in its more
than 50 years of operation. It has a system of more than 1,000
branches everywhere throughout the nation with business foundations
in Sri Lanka and Bahrain. MCB has an edge over other neighborhood
banks, as it was the initially privatized bank. The State Bank of
Pakistan has limited the quantity of branches that can be opened by
foreign banks, favorable position that MCB underwrites in view of its
broad branch system. The Bank gives 24 hour saving money
accommodation with the biggest ATM system in Pakistan covering 27
urban communities with more than 151 ATM areas.
Vision statement of MCB is:
Every day, we will help make something happen
Mission statement of MCB is:
We are a team of committed professionals, providing
innovative and efficient financial solutions to create and
nurture long-term relationships with our customers. In doing
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Integrity
Customer care
Team work
Innovation
Knowledge
Excellence
administration,
administration
aptitudes, administration
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Human Resource
Hierarchy
Group
Head
Unit Head
Divisional
head
Unit
Heads
No of
Designati
Employee
ons
s
Group
Head
Unit Head
Divisional
head
Unit Heads
10
HR
managers
10
Senior
Associates
20
HR
Associates
25
HR
managers
Senior
Associates
HR
Associates
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regarding
minorities
in
society
are
taken
inside
the
association
Acts as an independent advisor for employees in tough situations.
Facilitates different divisions in accomplishing the objectives or
standards as laid out in the HR arrangements of the association.
It is duty of HR department to make sure that all employees are
treated equally.
Motivate the employees. Encourages them on their efforts and
punish / advise them on their poor performance
HR department make sure that employees skills and abilities are
fully utilized and are flourishing. No one is static
Make sure all the facilities are provided to employees and proper
health and safety measures are taken.
A healthy, happy, motivating, positive environment is created which
is monitored at all time by HR department. Any conflict or problem
among the personnel of the bank is resolved in co-ordination with
administration by HR department.
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Functions:
HR perform many crucial functions like:
selection
and
recruitme
nt
training
and
developm
ent
performan
ce
appraisals
HR role in MCB
HR planning
and forcasting
organization
career
management
compensation
s
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HR Planning:
MCB is consistent in conducting the human resource planning.
The human resource department clearly identifies the internal demand
of human resource and then matches the internal supply of human
resource with it. Excess demand is met by adding new employees to
the organization and decisions are also taken for the excess supply.
The human resource department of MCB broadly considers two factors
in Human Resource Planning, qualitative needs and quantitative needs.
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Qualitative Needs:
This includes that how MCB decides what skills, qualities,
abilities, talents and expertise their employees must have to make the
organization highly competitive in national and global market.
Quantitative Needs:
This includes MCB to take decisions in numbers about how many
employees are required to pursue their operation efficiently and
effectively.
MCB deals with the excess demand for human resource by
recruiting additional staff. Sometimes even extra tasks and duties are
also
allocated
to
the
existing
employees.
This
bring
different
advantages for MCB. Firstly they are able to utilize their existing
workforce in the most optimum way. Secondly new tasks provide
variety of work to the employees so they get motivated. Thirdly this
helps them in appraising the workers.
The excess, which is usually a very rare case for the organization,
is dealt by golden hand shake which is the wisest way.
MCB is also concerned about maintaining a skills inventory and
managing it on regular basis. The skills inventory is maintained
separately for each employee. All the details relating to the employee
e.g. productivity, training sessions, rewards, promotions etc. This
information
is
updated
with
time. This
helps
human resource
Job Analysis:
Job analysis is a pivotal task that the human resource department
of the organization conducts. Job analysis are conducted by the human
resource department of MCB at different times like:
When a branch is newly set by the bank. So different jobs are then
analysed at that time.
Growth of branches also demanded an effective job analysis.
When employees are to be hired or recruited.
When the jobs of the existing employees to be redesigned to
provide them a wide variety of tasks.
Any job in MCB is analyzed on the bass of three factors duties and
tasks, code of conduct and specifications of the person. The tasks are
the major work that the worker has to perform. These vary from jobs to
jobs and designations to designations. Some occasional duties are also
assigned to very high posts so that some uncertain situations can be
managed effectively.
Code of conduct is also devised which is applicable to the entire
organization and all members at all levels are bound to follow this. This
is to maintain a disciplined and sophisticated environment. Then he
qualities, experience and qualifications of the concerned person are
also analyzed that must be present to do the job.
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Job Advertisement:
A vacancy cannot be filled until or unless capable, talented and
eligible people are not aware of it. MCB believes in consistently making
its existing and potential employees aware of job vacancy.
As this is internet oriented era, so MCB ensures its job
advertisement on internet as well on Rozee.pk etc. Beside this MCB
advertise in newspaper like The News and The Jang. Costing of
advertisement are kept confidential and are not told to people outside
the organization. Cost is very crucial for MCB which they would not let
revealed.
On Internet, Job advertisement are also placed on employee
portal so that current employees can know about promotional
opportunities. It gathers a large pool of candidates to choose the best
for their organization. Jobs advertisements are followed by pool of
candidates, applying for job and MCB filtering the best of them by
conducting test.
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at selected
schools
and
Testing:
For this different testing like aptitude test and computer
proficiency test are conducted. In MCB if the applicant is fresh
graduate or have no working experience than a special test is
conducted for management training post (MTO). The merit list is
formulated and only the applicants who have fulfilled the requirement
of the particular job are than selected for interviewing.
Interviewing:
First of all the applicants who have passed the tests are than
considered for interview. In MCB the first short listed applicants are
interviewed by HR manager. The HR manager judges if the applicants
can perform the job efficiently. The applicants interests and abilities
are judged. His information regarding the organization and the job for
which he has applied is reviewed. The applicants expectations about
the salary and organization are asked. If the HR manager finds the
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applicant qualified for the job than the manager informs about the
organization expectation from the employee and the salary package
they can offer. After few days the background checks are done on the
applicants and references are checked. If all of this turns smooth than
the general manager of the organization invite the applicant to give
him a final decision. In this interview mostly the final salary packages
are discussed and if the applicant agrees on their terms than he is
hired. Mostly in MCB the GM decision is considered final but if the post
is higher the CEO may also conduct the interview. Proper structured
interviews are conducted by MCB.
The questions asked during the interview are:
Situational
Job related
Stress
Puzzle questions
Hiring:
After all the procedure the best candidates are selected and are
trained in the best possible way.
Orientation:
Soon after final choosing and beginning of practice procedure
orientation is directed for chose representatives. In orientation new
representatives are furnished with fundamental foundation data about
the bank.
Mostly in MCB members from different staff gather in a
conference room and the new recruits are introduced to each other. A
refreshment is given, rules and regulations are discussed. A very
friendly, professional and warm welcome is given.
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Training:
Immediately after hiring in MCB the employee is hired on
prohibition period and given pre-training. Length of pre-administrations
training period is of six months. In such a training operational practice
and many other banking related basic information courses are taught.
MCB uses different method of training according to the job for
which employee is hired. Methods are explained below:
On-the-job Training:
MCB provides on-the-job Training to its workers for effective
performance.
Off-the-job Training:
Employee training/preparing at a site far from the real workplace
is off-the-job Training. It frequently uses
addresses, contextual
Performance Appraisals:
MCB besides setting standards, also make it sure that its
employees are meeting their standards for this they conduct appraisals
on annual basis to evaluate their employees and to keep their
standard. MCB basically make use of three methods to conduct these
appraisals which are:
MBO
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Forced-choice rating
Multi-rater assessment
Employee Compensation:
have
expanded
resolve,
work
fulfillment
and
Life Insurance
Disability Insurance
Allowances of
medical
Retirement pension
Termination pay
Allowances of
conveyance
Different bonuses
Sharing Profit
The list of non-monetary (non-financial) rewards and incentives are
given below:
Complete Working
Atmosphere
Teaching And
Development
Job Safety
Pick And Drop
Opportunity
Sick Leave/ Holidays
Flexible Labor Planning
Flex Hours
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working
society
in
its
associations
that
incorporate
Investing in people
Human rights
At MCB bank, our central goal is to guarantee the political,
instructive, social and financial nature of privileges of groups. They
have upheld different non-benefit activity that serve for privileges of
humankind.
Sports
The bank encouraged the ibex golf Club-Sargodha, Pakistan Club
and intuitive Club of Karachi mainland, Jashan e-Bahara celebration
and Ramazan sports affair are held by it.
Welfare Scheme
The bank has cooperated with different NGOs that have help in
the social and limit building issues of the group. The bank in a joint
effort with "Sundas Foundation" has sorted out a blood giving camp at
MCB house Lahore.
at
all
business,
representatives
to
workplaces
advance
the
and
branches
security
of
and
their
urge
all
kindred
Equal
Employment
Opportunity
and Bona
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association
and
requires
representatives
qualified
Informational Technology
Administration
Economics
Management
Finance
Sociology
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Conclusion:
It is plainly seen from this report MCB is gaining ground quickly.
The profit of MCB is increasing day by day. In this way, we have
reasoned that MCB has an extremely prosperous present and future,
which is the certification of riches amplification later on. With the
participation of all branch individuals, we have possessed the capacity
to learn and encounter numerous new things identified with the
keeping money segment and the banks workings. At long last, we
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Recommendations:
MCB is one of the leading banks of Pakistan having very efficient
HR department. But as we know every coin has two sides. There are
some
weakness
which
they
need
to
rectify.
Thus,
some
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