mis application on financial institution

8/18/2019 MIS application on financial institution

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A Study on

Application of HRMIS in LankaBanglaFinance Limited


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A STUDY O A!!LI"ATIO HRMIS I LankaBanglaFI A "# LIMIT#D

Course Name: Management Information SystemCourse Code: K503

Su$mitted To

ATM Jakaria KhanLe turerInstitute of !usiness Administration"ni#ersity of $haka

Su$mitted By

Ahmmed Imtia%Sha&on Shu#ro 'au(

)o((: *5+ !at h: 5, $)o((: 0-+ !at h: 5, $


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#%#"UTI SUMMARY

The Management Information System is a o((e tion of men+ too(s+ .ro edures andsoft&are to .erform #arious /usiness tasks at #arious (e#e(s in the organi ation1Many organi ations ha#e se.arate MIS de.artments &hi h are in#o(#ed inmaintaining re ords+ .erforming transa tions+ re.ort generations and onso(idationof the im.ortant information &hi h &i(( /e su..(ied to the #arious (e#e(s of themanagement1 MIS .rimari(y ser#es the fun tions of ontro((ing and de ision makingat the manageria( (e#e(1 MIS has three /asi (e#e(s: o.erationa(+ midd(emanagement and to. management &here the information is .assed from /ottom toto.1 This .a.er is an attem.t to design and de#e(o. the Management InformationSystem 2MIS for the human resour e de.artment of Lanka!ang(a 4inan e Limited+

&hi h in#o(#es Attendan e Ca.turing )e ording System &hi h &i(( /e used inmonitoring the sta6+ ontro( o#er the irregu(arities and re.orting to the to.management and sho& ho& it is usefu( in de ision making at to. (e#e(1 TheManagement Information System 2MIS has e#o(#ed as an im.ortant too( andte hni7ue in /usiness management area in the urrent o..ortunities and /usinessthreats1 )ight information at right time in right format &i(( de ide the managements89uman resour e de isions1 No& a days MIS is one of the im.ortant fun tions ofmanagement1 In the ,-st entury the organi ations need the information &hi h isa urate+ time(y and re(ia/(e1 The MIS .(ays an im.ortant ro(e in .ro#iding theinformation re7uired for ru ia( de ision making &hi h a6e ts dire t(y to the.erforman e of the organi ation1

A Management information system is not %ust a te hni a( artifa t /ut a on e.tionreferring to a o((e tion of interde.endent om.onents su h as human /eings2in (uding their a tions and /eha#ior + organi ationa( stru tures+ &ork .ro edures+

ommuni ation (ines+ om.uters+ data/ases+ and so on1 ;ith emergen e ofinformation te hno(ogy+ MIS has made it8s .(ays in a(most e#ery se tor of moderndays organi ation1 There is hard(y any de.artment in any /ig organi ation that isde.ri#ed of the /ene


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9ere (ies the im.ortan e of 9)MIS1 It .ro#ides managers &ith a ess to the minutedetai(s of its .ersonne( and kee.s them u.dated &ith the (atest de#e(o.ments in theorgani ation1 Thus 9)MIS assists managers to make orre t de isions1 ;e ha#etried to measure these im.a ts ana(y ing a re.uted


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management and .ortfo(io management ser#i es1 The other su/sidiary+Lanka!ang(a Asset Management Com.any Limited is .ro#iding .rofessiona( &ea(thmanagement ser#i es1 They re ent(y ha#e gone through a /usiness .ro essreengineering to /ui(d a.a ity to o6er their (ients su.erior e .erien e than any

time e#er1 The om.any no& o.erates in entra(i ed administrati#e frame&orkthrough utting edge te hno(ogi a( en#ironment1 Lanka!ang(a is ser#ing &ith &ideo.erationa( .eri.hery o#ering ma%or /usiness hu/s of the ountry1 Dur ommitmentto maintaining dis (osure of information has garnered re ognition as Lanka!ang(ahas /een the re i.ient of the Nationa( A&ard for !est 'u/(ished A ounts and)e.orts a&arded /y the Institute of Chartered A ountants of !ang(adesh 2ICA! forthe .ast si years1

In reasing stakeho(ders8 #a(ue is the dri#ing for e at Lanka!ang(a1 Their (ongstanding sustaina/i(ity e6orts ha#e resu(ted in in reased en#ironmenta( and so ia(#a(ue in the market1 !y em/ra ing high ethi a( standards+ go#ernan e andtrans.aren y+ they dream to gro& /ig1 Their ethos is sim.(eE they aim for su ess/y .artnering &ith their enter.rising (ients1 they are ommitted to hanging the(i#es of the ordinary1 Through their e6orts to de#e(o. an e= ient+ #i/rant andtrans.arent a.ita( market in !ang(adesh+ Lanka!ang(a has /e ome the market(eader in a.ita( market ser#i es in !ang(adesh1

Lanka!ang(a .ra ti es .arti i.atory management and adheres to industry /est.ra ti es in a(( endea#ors1 In reasing stakeho(ders8 #a(ue is a natura( dri#ing for efor the .eo.(e at Lanka!ang(a1 Their (ong standing sustaina/i(ity e6orts are

reating en#ironmenta( and so ia( #a(ue &hi(e they ste. ahead1 !y em/ra ing highethi a( standards+ go#ernan e and trans.aren y+ &e dream to e e( theire e((en e1

&i(ion+ Mi((ion and &alue(

To /e the most .referred


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"o)e &alue(

They ha#e strong #a(ues that are &e(( em/edded in our u(ture1 Their #a(ues reatethe fo((o&ing goa(s to he(. de(i#er strategy:

• Cherish a sense of o&nershi.• !e ustomer entri• Fro& as a team• A t &ith integrity .rofessiona(ism• $ea( &ith res.e t

Their ommitment to the so iety is 7uite e#ident in their in#o(#ement to the CS)a ti#ities1 Cor.orate So ia( )es.onsi/i(ity has a(&ays /een an integra( .art of Lanka!ang(a8s u(ture and the ornerstone of their ore #a(ues of good or.orate

iti enshi.1 They /e(ie#e their /usiness


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.ro ess e= ien y+ managing organi ationa( hierar hy+ and sim.(ifying


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9)MIS has many di6erent ty.es /ased on riteria of (assi< ation1 It an /e(assi


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.osition is (assi


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management area+ these de isions in (ude re ruitment de isionsE %o/ ana(ysis and

design de isions+ training and de#e(o.ment de isions+ and em.(oyee om.ensation

.(an de isions1

-. 5o$ Analy(i( and De(ign Info)mation Sy(tem(

The information in.uts to the %o/ ana(ysis and design information system in (ude

data from inter#ie&s &ith su.er#isors and &orkers and a=rmati#e a tion guide(ines1

In.uts a(so in (ude information from sour es e terna( to the


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The Com.ensation and !ene


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time(y /asis /e ause additiona( 7uestions and ta ti s &i(( o ur to the team &hi(e

they are ondu ting (a/or negotiations1

0. Speciali6ed Human Re(ou)ce Info)mation Sy(tem( Soft7a)e

A great dea( of soft&are has /een s.e i< a((y designed for the human resour e

fun tion1 This soft&are is a#ai(a/(e for a(( ty.es and si es of om.uters+ in (uding

mi ro om.uters1 Soft&are s.e i< a((y designed for the human resour e

management fun tion an /e di#ided into t&o /asi ategories:

om.rehensi#e human resour e information systems soft&are and (imited fun tion

.a kages that su..ort one or a fe& human resour e a ti#ities1

Com.rehensi#e 9)MIS

In the (ast fe& years+ the soft&are industry has .rodu ed se#era( .rodu ts that

organi e the #arious human resour e information systems into integrated soft&are

referred to as om.rehensi#e human resour e management information systems or

9)MIS soft&are1

In genera(+ the om.uteri ation of 9)MIS has resu(ted in an integrated data/ase of

human resour e


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9)MIS has /een de#e(o.ed to assist 9) .rofessiona( in .erforming their tedious and.rone to error tasks1 To ease the &ork of human di6erent modu(es ha#e /een addedto the 9)MIS1 @a h modu(e has its o&n use1 9ere some of those

The pay)oll module automates the .ay .ro ess /y gathering data on em.(oyeetime and attendan e+ a( u(ating #arious dedu tions and ta es+ and generating.eriodi .ay he7ues and em.(oyee ta re.orts1 $ata is genera((y fed from thehuman resour es and time kee.ing modu(es to a( u(ate automati de.osit andmanua( he7ue &riting a.a/i(ities1 This modu(e an en om.ass a(( em.(oyeere(ated transa tions as &e(( as integrate &ith e isting


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The employee (elf8(e)4ice module a((o&s em.(oyees to 7uery 9) re(ated dataand .erform some 9) transa tions o#er the system1 @m.(oyees may 7uery theirattendan e re ord from the system &ithout asking the information from 9).ersonne(1 The modu(e a(so (ets su.er#isors a..ro#e D1T1 re7uests from theirsu/ordinates through the system &ithout o#er(oading the task on 9) de.artment1

Many organi ations ha#e gone /eyond the traditiona( fun tions and de#e(o.edhuman resour e management information systems+ &hi h su..ort re ruitment+se(e tion+ hiring+ %o/ .(a ement+ .erforman e a..raisa(s+ em.(oyee /ene


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.ro ess /y sim.(ifying the e6orts asso iated &ith o((e ting resumes+ re#ie&ingandidate information and more1 9)IS systems an a(so /e used to im.ro#e

.rodu ti#ity re(ated to


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Ad#ent of 9)MIS has (o&ered the o.erationa( ost of the organi ation tremendous(y1 Tasks are .erformed mu h (ess hea.(y than on e they &ere1 A(though the.re(iminary ost is (itt(e /it high+ the om.arati#e /ene


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miss.e((ed em.(oyees8 names+ may o ur1 At &orst+ errors in data entry ou(ddisru.t the &orkHo& of your /usiness1 If+ for e am.(e+ your 9) management systemdis.(ays a num/er of in orre t dates designating &hen to arry out signi< antem.(oyee .erforman e re#ie&s &ith ensuing .romotions+ the ad#erse resu(ts mayin (ude a ontagious dro. in em.(oyee mora(e+ &hi h ou(d a6e t (e#e(s of.rodu ti#ity1

@m.(oyee Assessment

9) management systems an /e e6e ti#e in se(e ting em.(oyees for ertain.ositions or for ad#an ement+ /ased on .erforman e s ores and other information19o&e#er+ the human fa tor is remo#ed from these ty.es of tasks /y the system1 4ore am.(e+ &hen ana(y ing em.(oyee ta(ent+ your system may re#ea( high s ores insa(es+ ne& a ounts or marketing e6orts+ /ut may not /e a.a/(e of un o#ering anem.(oyee8s ha/it of treating ustomers in dis.araging &ays1 To rea(i e the tota(e#a(uation of a sta6 mem/er+ an 9) management system shou(d ha#e some &ay to.rom.t human in.ut1

$o&n Time

Integrated &ith a(( om.uters and soft&are are the ine#ita/(e issues that ausete hni a( di= u(ties1 9) management systems are e7ua((y sus e.ti/(e to do&ntime+ &ith .ossi/(y dire onse7uen es1 These an in (ude /ringing a riti a( /usinessa ti#ity to a ha(t if em.(oyee data is not a essi/(e1 4or e am.(e+ if your 9).rofessiona(s ha#e s hedu(ed a day de#oted to o.en enro((ment for a ne& em.(oyeehea(th .(an+ the ina/i(ity to a ess your 9) management system8s data ou(d noton(y de(ay enro((ment in the hea(th .rogram /ut ou(d feasi/(y .ush o.enenro((ment out for &eeks or months+ (ea#ing e(igi/(e sta6 mem/ers &ithout

o#erage1 Con erns su h as this an /e minimi ed /y .o(i ies a((ing for ongoingfo used te hni a( system maintenan e1

mis application on financial institution

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