Human Resource Planning ProjectOn

“HR Plan for setting up a new business”

Company Name: Care Pharmaceuticals Ltd.

Submitted ByName

IDAshita Mustafa

1130906030Akib Nawaz Shovon

121 1087 030KaziMuhtashim Uddin

1130613030LaboniBaruaTithi

1120036030AhbabZuhayrSafdar

1210399030Hossain Al Imran

113 0395 030

Company profile and BackgroundOur Human Resource Project Planning is on a pharmaceutical company named Care Pharmaceuticals. Our company will be focused on three different basic parts which are vaccines, medicines and consumer healthcare products.

Our company will be concerned on the research and development of the products in order to improve people’s health and well-being, and that is exactly how it will be more instrumental for the betterment of our communities.

Our mission is to provide compassionate care, advanced Medicine, and a good life. The business will be based on the delivery of three major strategic concerns which intends to increase the growth, minimize the risk and improve our long-term financial performances.

Since Care Pharmaceuticals Company is a research based company, they revolve around the matter of how to improve the quality of human life. We will work closely in the communities we will operate in-locally, nationally or globally, which will be our philosophy that we will follow. In order to make a positive contribution, we will work and support the communities as we will be closely linked with the communities.

Name: Care Pharmaceuticals

Company Head Office Location: Gulshan 1

Number of employees: 200

Company Type: Pharmaceuticals

Company Factory: GAZIPUR

“Board of Directors

KaziMuhtashim Uddin, Chairman

Hossain Imran Managing Director

AhbabSafdar, Executive Director

Ashita Mustafa

Finance Director & Company Secretary

Akib Nawaz

General Manager

LaboniBarua

Director of Marketing

History Of The Industry

• After several years of liberation, the government could not increase (in relative terms) budgetary allocations for the improvement of health sector.

• Sector started to improve from 1980s. • The pharmaceutical industry has grown in the last two

decades at a considerable rate• Right after liberation war three fourth of the

pharmaceutical industries was dominated by multinational companies.

• The National Drug Policy (NDP) in 1982 and 2005 has major impact in the development and growth of the Bangladesh pharmaceutical industry.

Industrial Background▧ The pharmaceutical industry in Bangladesh is one of the most

developed hi-tech sectors within the country's economy. ▧ There are about 300 licensed allopathic drug-manufacturing

units in the country▧ The industry manufactured about 5,600 brands of medicines in

different dosage forms.▧ 1,495 wholesale drug license holders and about 37,700 retail

drug license holders in Bangladesh. ▧ This sector is providing 97% of the total medicine requirement

of the local market.▧ The industry is exporting medicines to global markets,

including the European market.▧ Some of the companies produce insulin, hormones, and

anticancer drugs, which were not previously produced in Bangladesh.

Some Pharmaceutical Companies

PESTLE AnalysisPolitical:▧ Control rising health care expenditure.▧ Methods include price or clearance controls.

Economical:▧ Government reports on healthcare per capital

continues to grow.▧ Pharmaceutical growth is aligned with GDP growth

Social:▧ Increasing obesity amongst the population and its

associated health risks. ▧ Possibilities to purchase across borders with no

guarantees of drugs being safe or even genuine.

Technological:▧ Huge capital is needed to create competitive

advantage over the smaller business. ▧ Advancement in technology may increase the

competitionLegal:▧ Changing the company policies according to new

law.▧ The evolution of the internet is also stretching the

legislative boundaries.Environmental:▧ Facing problems related to global warming, and

impact to the environment.▧ Business and marketing plans are linked with the

environmental issues.

HR PolicyRecruitment Policy ▧ Be flexible enough to meet the

changing needs of Care Pharmaceuticals Ltd.

▧ Focus on recruiting the best potential candidates.

▧ Unambiguous, task oriented and merit based selection.

▧ Priority given to factors that suit Care Pharmaceuticals Ltd’s needs during selection process.

▧ Follow relevant government policy and legislation.

▧ Provide equal chance to each employee in order to develop his/her knowledge and skills to the maximum possible extent.

Work Hour PolicyRequired to work for a minimum of

40 hours per week; that is 8 hours per day.

Normal working hours are from Monday to Friday, 8:00 a.m. to 5:00 p.m. with a one hour lunch break from 1:00 p.m. to 2:00 p.m. Will vary depending on the nature of work.

Be punctual on every official working day.

May be required to work on official holidays. Will be compensated accordingly.

No over-time will be paid for staffs working beyond regular working hours.

Attendance Policy▧Required to maintain a

satisfactory record of attendance ▧Meet the prerequisites for

reporting nonappearances, make rules for lateness, early takeoffs, and unscheduled absences.

▧Outline employees' need to adhere to established work schedules to maintain efficient and effective working schedule.

▧Be strict enough to discipline those employees whose absences cause problems

▧Flexible enough so that company does not have to let-go of good employees who are rarely absent.

Promotion PolicySeniority, Experience, Performance

and Academic Qualifications are considered as the basis for promotion, handled fairness and providing equal opportunities

Identify and groom potential successors to fill the probable vacancy through internal job mobility

Enhance their employability as well as equip them to shoulder higher responsibilities.

Performance of employee is reviewed every 6 months and their worth and promotion in the company depends on that.

Leave Policy:▧Casual Leave: 10 days leave to all their permanent/regular employees

with full pay. Cannot be taken more than 3 days at a time and maximum 4 days in a month.

▧ Earned Leave: Also known as Privilege Leave, can be earned by working continuously without any kind of leave or holiday for 1 whole year. Will earn 1 day leave for every 18 days work, 20 days being the maximum limit in a year.

▧Sick Leave: Leave of 10 days maximum in a year with full pay as sick leave by providing proper medical certificates/documents by a registered Medical practitioner to supervisor. cannot be taken for more than 2 days straight, unless supported by the aforementioned medical documents.

▧Maternity Leave: Full paid leave entitled to female employee who is going to give birth, divided into ‘Pre-Maternity Leave’ & ‘Post- Maternity Leave’, each consisting of 90 days (3 months) equally, unless otherwise depending on the health and medical condition of the employee.

▧Festival leave: With full payment 11 days government leave. ▧Compensatory Leave: For employees who worked on a holiday.

Requires appropriate justification and acknowledgement of HR Department.

▧Special Leave: Offered to employees for 7 days (maximum) in a year with full payment, who worked without taking any sick leave in the previous year.

▧ Leave without Pay (LWOP): Unpaid leave taken in emergency situations, especially when all other leaves are consumed. Leave granted as loss of pay.

Transfer Policy:▧Employee working for more than six

months of service is eligible of being transferred to vacancy in a different position/department.

▧Basis of the transfer should be clearly mentioned, whether it will be based on seniority or on the skill and the competency or any other factors.

▧The position/department of the organization within which transfers will be made should be mentioned.

▧Whether the transfer is temporary or permanent should be defined.

▧Whether retraining is required on the new job should be prescribed.

▧Termination Policy :

▧This policy covers all the three types of termination-

▧ Voluntary, Involuntary Death.

Retirement Policy

This policy applies to all the regular/permanent employees who have reached the normal age of retirement, which is 65 years

They shall elect to retire on attaining superannuation on the last working day of the month in which he/she completes the age of 65 years.

Salary and Administrative Policy

Such a policy shall provide guidance on an employee’s salary during recruitment, performance based increases, and other salary adjustments when needed.

Such a policy will also recognize that all salaries are subject to budgetary authorization and funding limitations

Training and Development Policy

Each manager of Care Pharmaceuticals Ltd. will take up the duty to act as a mentor for his/her employees ‘and a formal assessment will take place on a standard basis, preferably twice once a year

Care Pharmaceuticals Ltd.’s goal is to retain and motivate the employees and so they devise a training and development policy in order to ensure continuous growth of the organization

Performance Appraisal Policy According to the policy, a formal performance appraisal will be

conducted annually for all staff in the organization

The line managers shall appraise each of their staff members. Directors of the company will be appraised by the CEO, who in turn shall be appraised by the chairman/owner of the company

▧Benefits and Rewards Policy

Short-Term Incentives Long-Term IncentiveMedical ReimbursementDisability:Gratuity InsuranceProvident FundTransportation FacilityHouse AllowanceLeave Travel Allowance

▧ Health And Safety Policy

Identifying, assessing and reducing risk and preventing injury or illness of the

employees, contractors and visitors.

Operating the business to meet health, safety, legislative and other requirements

applicable to Care Pharmaceuticals Ltd.

Continually monitoring, reviewing and establishing new objectives aimed at

eliminating work related injuries and illness.

Developing and implementing effective and efficient injury management systems which

will enable a safe and sustainable return to work for affected employees.

Providing information, training and supervision to employees and contractors to make sure

that they understand their roles and responsibilities in eliminating the risks of workplace

injury or illness.

Supporting same level of health and safety commitment from Care Pharmaceuticals Ltd.’s

suppliers and contractors.

Consulting with employees and stakeholders of Care Pharmaceuticals Ltd. and expert

consultants on Health and Safety matters.

Code of Conduct

▧Abide and follow country laws and regulatory requirements.

▧Maintain diversity and human rights.▧Ensure accuracy of product information.▧Be alert to potential counterfeiting.▧Have zero tolerance for bribery and corrupt

practices.▧Safeguard company information.▧Prevent and detect fraud▧Be free of conflicts of interest▧Build a healthy, high performing workforce

and safe working environment

Organogram

Job Details for Managing Director of Care Pharmaceuticals Ltd.

Job Description:▧ Prepare a corporate plan and annual business plan

and monitor progress against these plans to ensure that the Company attains its objectives as cost-effectively and efficiently as possible.

▧ Establish and maintain effective formal and informal links with major customers, relevant government departments and agencies, local authorities, key decision-makers and other stakeholders generally, to exchange information and views and to ensure that the Company is providing the appropriate range and quality of services.

▧ Prepare, gain acceptance, and monitor the implementation of the annual budget to ensure that budget targets are met, that revenue flows are maximized and that fixed costs are minimized.

Job Requirements:▧ Education:▧ Must have Bachelor of Pharmacy degree and MBA Degree from

well reputed university.▧ A degree in Strategic Management or Business Policy is highly

preferable▧ Must Have First Class degree in both Bachelor and Masters.

Experience: ▧ A proven record of success in senior level general or

commercial management, preferably in a related industry. ▧ At least ten years’ senior level experience of management of

people and resources. ▧ A wide knowledge of the industry. ▧ An understanding of financial management and wider

management principles and techniques. Skills: ▧ A very high level of commercial awareness.▧ Leadership skills. ▧ Excellent analytical and problem-solving skills

Compensation

Other Incentives & Benefits• Two times Bonus for festival (100% of the basic salary) • Festival leave (14 days) • General leave (1 day per 15days) • Sick leave (14 days per year) • Casual leave (10 days)

Job Details for Human Resource Manager of Care Pharmaceuticals Ltd.

Job Description•Execute plans for employee Training & Development to support business strategy & organization growth.

•Designing and Development of compensation strategy and various employees benefit programs.

•Support departments and individuals for developing the CRA (Critical Result Area) and KPI (Key Performance Indicators) based Performance Management Documents and executing appraisal process.

Job Requirements:Education: • Must have First Class or Equivalent CGPA in MBA From any reputed university.• Masters in Human Resource Management/ Management from a reputed University will be given preference.• PGDHRM will be an added qualification.Experience:• At least 7-10 years of experience in the field of HR• The applicants should have experience in the following area(s):Compensation/Benefits, Leave Management, Factory HR Administration, HRIS, Labor Union Management, Recruitment & Selection, Training & Development.Skills:• Leadership quality and handling HR issue with other department demand experiences.• Good knowledge about Bangladesh Labor Law-2006.

Compensation:

Other Incentives & Benefits:• Two times Bonus for festival (100% of the basic salary) • Festival leave (14 days) • General leave (1 day per 15days) • Sick leave (14 days per year) • Casual leave (10 days)

Thank You!