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HRM Practice of Square Textile LTD | Performance Appraisal | Welfare

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Square Textiles Limited - Introduction EXECUTIVE SUMMARY Square Textile Ltd. started its operation in 1997. It was enlisted in Dhaka Stock Exchange & Chittagong Stock Exchange in 2002. The business lines of Square Textile Ltd. are manufacturing and marketing of yarn. Its factory is located in Gazipur , Dhaka. The manufactures 100% Cotton Ring Span Yarn or Hosiery , 100% Cotton OE Rotor For Hosiery and Knit Fabrics for 100% export oriented readymade Garments Industry. The strategic Goals and Ob
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  Square Textiles Limited - Introduction EXECUTIVE SUMMARY Square Textile Ltd. started its operation in 1997. It was enlisted in DhakaStock Exchange & Chittagong Stock Exchange in 2002. The business linesof Square Textile Ltd. are manufacturing and marketing of yarn. Itsfactory is located in Gazipur , Dhaka.The manufactures 100% Cotton Ring Span Yarn or Hosiery , 100% CottonOE Rotor For Hosiery and Knit Fabrics for 100% export orientedreadymade Garments Industry.The strategic Goals and Objectives of the Company are to strive hard tooptimize profit though conduction and transparent business operationsand to create more competitive in the internal and external market.In home, customer of Square Textile Limited are export orientedreadymade Garments Industry. The Company also exports its products tothe market of Europe & USA .The export sells increased by 19% in 2003 over the previous year.Competition level is increasing both in local and abroad market .Competition will be more stiff after 2005 when multifiber agreement willbe phaced out. Among the other foreign competitors Srilanka , ChinaPakistan and India are prominent.Square is one of the biggest employees in Bangladesh. It has a personneland administrative department . The total number of employees are1223. For the employees there are systematic in house training in homeand abroad .The managing director, the CEO is the head of the executive managementteam . Below in there are directors , executive directors and generalmanager. Under the direct super vision of the general manager a numberof departments are controlled.  The Company is going through continuous growth in production . Thetotal production increased year on year basis at the rates of 0.43% and1.467% during 2002 and 2003 respectively . The Company’s operationsare out on a aggregate basis and are managed as a single opportunitysegment . The Company uses Computer Aided Design (CAD) , ComputerAides Spreading (CAS) and Computer Aided Manufacturing (CAM) in itsplant to increase the overall efficiency and productivity. OBJECTIVE: The broad objective of this report is to provide an overview of HRMpractice of Square Textiles Ltd. The specific objectives of this report are :ã To provide Company overviewã To provide market overview and analysisã To reveal operational, management and HRM planning.ã Discuss all HRM practice METHOLODGY: To prepare this report we have collected data from different publishedmaterials. Then we have conducted a secondary study. After that we haveprepared a questionnaire and took interview one of the executive servingin this Company. We also collect data from internet .This way we collectedprimary data. Thus we have used both primary and secondary report toprepare this report. INTRODUCTION:  This report is prepared as a requirement of the course “Seminar in HumanResource Management.” We selected Square Textiles Ltd. Working on thisorganization we came to know various Kind of HRM practice which are usehere. Though it is a textile, it has proved itself in the related industry as amajor competitor. In this report we have followed the guidelines providedby the teacher. Here we have tasked not only the HRM practice but alsothe marketing, management, finance and operational area of theCompany. Square Textiles Limited - Company Overview 1.0 COMPANY OVERVIEW1.1 ABOUT COMPANY: Square Textiles Ltd. started its journey by establishing the first unit in1997. One year later the second unit was established. Square Textile is asubsidiary company of Square Group .The Company was incorporated asa public limited company in the year of 1994. The operation was startedin 1997.It was enlisted in Dhaka Stock Exchange & Chittagong StockExchange in 2002. Within a very short time of span the companyachieved some significance success. Square Textile receives Oeko-Texstandard 100 and ISO-9002 certificates in the year 2000. Authorizedcapital of the company is tk. 1000 million. It’s paid- up capital is tk.251.90 million. 1,223 employees are working in this organization. The
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