Beruflich Dokumente
Kultur Dokumente
1.0 Introduction
The aim of our study was to know the Compensation and Benefits Package
of any organization as a partial requirement of the course Human Resources
Management (HRM 340). Therefore, to obtain this aim we set the following
objectives of studies.
-1-
Compensation and Benefits Package of BTD
1.4 Methodology
1.5 Limitations
Our study was mainly limited by the following factors.
Shortage of time.
Difficulties to disclose the data.
Lack of coordination due to communication problems.
-2-
Compensation and Benefits Package of BTD
2.1 Introduction
Beximco Textiles Division (BTD) is the most diversified and largest industrial
conglomerate of Textiles Composite of the Bangladesh having “The sate of Art
Technology”.
2.3 Location
Both the Head Office & Factory of Beximco Textiles Division (BTD) are located
at its own industrial park known as “Beximco Industrial Park”, Kashimpur, and
Gazipur. Besides this, BTD has five trading offices around the world located in
UK, USA, Hong Kong, Singapore and Pakistan.
2.4 Establishment
BTD started its incorporation in 1985 by its garment section. Sequentially, it
established it’s spinning units on 1990 and fabric units in 1996. Still is on its
expansion works with the aim of completion by 2005.
-3-
Compensation and Benefits Package of BTD
2.6 Vision
2.7 Mission
To achieve vision the mission stated by the Beximco Textiles Division (BTD) is
each of the activity must benefit and add value to the common wealth of the
society. The management of BTD firmly believes on to be accountable,
shareholders and citizens in final analysis.
2.8 Objective
Beximco Textiles Division plans for long-term Perspective and designs its Policy
for clarity, responsibility and accountability.
2.9 Philosophy
The business Philosophy of BTD is to add value to each of the parties they are
connected with.
2.10 Strategy
-4-
Compensation and Benefits Package of BTD
BTD has near about 13000 workers staffs for its smooth operation among which
2900 people work in spinning units, 2900 work in fabric units and remaining 7000
belongs to garments units.
To control the total work environment BTD having a large number of worker
staffs has more than 800 management staffs from different backgrounds (mainly
40% Textiles Engineers, 30% BBA & MBA)
BTD considers the following as the main strength for the organization
□ Beximco People
□ Corporate Management & Culture
□ State of the Art Technology
□ World class Product
□ Sound Communication System
-5-
Compensation and Benefits Package of BTD
3.1 Objectives
-6-
Compensation and Benefits Package of BTD
file of all employees where all records in regards to the employee are
kept in addition to any soft copy (in computer database) maintained by
the departments. These records are confidential and should not be
accessible to any unauthorised persons (authorisation defined by HR or
Personnel & Admin dept. head).
-7-
Compensation and Benefits Package of BTD
3.6 Bonuses
Workers:
-8-
Compensation and Benefits Package of BTD
BTL,
Workers:
Head Office:
Workers:
3.8 Accommodation
-9-
Compensation and Benefits Package of BTD
Telephone
Electricity Gas Water
(Local & NWD)
Designation (Limit/Month) (Limit/Month) (Limit/Month)
(Limit/Month)
Taka Taka Taka
Taka
Manager /
Sr.
2,500 At Actual At Actual At Actual
Manager /
DGM
GM and
At Actual At Actual At Actual At Actual
above
- 10 -
Compensation and Benefits Package of BTD
worker is injured while at work, all costs of treatments are borne by the
company.
- 11 -
Compensation and Benefits Package of BTD
BTL/BDL/BKL:
BAL:
BFSL:
A bus pickup and drop service from some specific location is available
for a subsidised monthly fee of Tk. 50.00.
Head Office:
Executives
BTL/BDL/BKL:
A bus pickup and drop service from some specific location (landmark)
is available based on seat availability. If seat is not available then the
employee is responsible for travelling back and forth to work on his/her
own.
BAL:
BFSL:
- 12 -
Compensation and Benefits Package of BTD
A bus pickup and drop service from some specific location (landmark)
is available based on seat availability. If seat is not available then the
employee is responsible for travelling back and forth to work on his/her
own.
Head Office:
- 13 -
Compensation and Benefits Package of BTD
An employee who has acquired a car under this scheme will not be
eligible to apply again for a period of five (5) years. The following are
the approved specification of the transport and benefit given to the
employee:
- 14 -
Compensation and Benefits Package of BTD
- 15 -
Compensation and Benefits Package of BTD
The employee’s 50% contribution towards the cost of the car will be
paid by him to the company in equal monthly instalments over a period
of three years if the car is financed by the company, or over a period
equal to the currency of the loan or leasing contract, as the case may be.
If the price of the car exceeds Tks 600,000 the employee will pay the
amount in excess of Tks 600,000 to the company in cash.
In the event that the employee leaves the company before the expiry of
five years, he shall have the option to purchase the car from the
company at the written down value in the books of the company, plus
the total of the unpaid instalments towards, his own contribution. This
- 16 -
Compensation and Benefits Package of BTD
The employee will be expected to use the car for the company’s
business as well as for fulfilling his private transport needs, including
the transport of children to school, etc. Employees who have availed for
this scheme are expected to meet all their transportation needs with the
vehicle provided under scheme. No other transport will be provided to
an employee who has availed of this scheme. However, if the employee
is asked to travel outside Dhaka (or Savar) on Company business, he
will be reimbursed at Tks. 6/- per km, subject to prior permission from
his department head, plus an allowance of Tks. 100/- per day for the
driver. Tolls and other expenses will be paid at actual.
All taxes, fees, duties, registration costs, and insurance will be paid by
the company. The employee must inform the Admin Department one
month prior to the due date for Fitness/Insurance and the Admin
Department will take full responsibilities to complete the said tasks.
The employee may choose to select a car that is presently in the name
of the company and if made available to the employee for purchase.
The administrative department will be responsible to identify the
market value of the car, get approval from the HR Department, and
make an offer to the employee. For the purchase of the company car,
the employee shall be liable to pay 50% of the market value of the
- 17 -
Compensation and Benefits Package of BTD
Executives
- 18 -
Compensation and Benefits Package of BTD
The following are the Basic Leave entitlements for the Executives at
Head Office:
The following are the Basic Leave entitlements for the Supervisors and
Executives at Factory Site:
- 19 -
Compensation and Benefits Package of BTD
Public Holidays for Head Office worker are governed by the policy of
the Group and is based on the list of holidays declared by the Chamber
of Commerce. For Factory Worker, the Management determines the
Public Holidays (minimum 10 days) and it is announced at the
beginning of the year.
Casual Leave
Entitlement to casual leave for the Worker is 10 days and for the
Executive at Head-Office and Factory Site it is 15 days based on each
calendar year. The employee is entitled to exercise Casual Leave from
the very next day of joining; though the Casual Leave is pro-rated for
the balance period of the year counting from the joining date.
Casual leave cannot be availed for more than three days at a time. Also,
it cannot be carried forward to the following year or cashed. Casual
Leave can be taken with Weekends, Public Holidays, Earned Leaves,
etc. but be limited to only 3 days.
Sick Leave
Entitlement to Sick Leave for the Worker is 14 days the and for the
Executives at Head-Office and Factory Site it is 15 days on the basis of
each calendar year. The employee is eligible to exercise the Sick Leave
benefit from the date of his/her joining. The above entitlements
represent the maximum number of days Sick Leave that an employee
can avail in a year. Normally medical certificates are not required but if
the sick leave exceeds three days at a time or is being taken as an
- 20 -
Compensation and Benefits Package of BTD
Earned Leave
Though Earned Leave is counted from the date of joining but it cannot
be taken until the employee passes the probationary period receiving
confirmation.
- 21 -
Compensation and Benefits Package of BTD
- 22 -
Compensation and Benefits Package of BTD
Similar leave may be granted for employees other than Muslims, if the
occasion is a once in a life time holy event significant to the believers.
- 23 -
Compensation and Benefits Package of BTD
3.15.1 Objectives
- 24 -
Compensation and Benefits Package of BTD
5. Rental advance
6. Own marriage
7. Other emergencies
8. Marriage of siblings
9. Education
- 25 -
Compensation and Benefits Package of BTD
Salary Advance
- 26 -
Compensation and Benefits Package of BTD
- 27 -
Compensation and Benefits Package of BTD
5.0 Conclusion:
Beximco textile division is one of the largest firm of the Beximco group of
industries .it contributes a much in our economy. The growth rate of the
Beximco textile is very much competitive in the present market. They run
their organization with a number of qualified employee’s .they always
make their compensation packages by market analysis. The employee of
the Beximco textile limited is happy about their compensation package and
other benefits, though they are providing a very much competitive
compensation package.
All though the employees are happy but they are not satisfy for their very
much competitiveness in the market. Beximco textile division is not
willing to pay more to the worker for their performance and high
qualification .for that reason very much qualified employees are switch
from this organization to another organization .
6.0 Recommendation
- 28 -
Compensation and Benefits Package of BTD
Bibliography
References:
1. wikipedia.com
2. google.com
- 29 -