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Compensation and Benefits Package of BTD

Compensation and Benefits Package of BTD

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Published by: haven_boy0078786 on Jan 04, 2010
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09/12/2012

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Compensation and Benefits Package of BTD
INTRODUCTORY PARTS OF THE REPORT
1.0 Introduction
 Ms. Nahneen Sultana, Course Instructor of Human Resources Management(HRM 340) has assigned us to prepare a report on the Compensation andBenefits Package of an organization as a partial fulfillment of the course.
1.1 Definition of the problem
Our problem statement is “
Compensation and Benefits Package of BeximcoTextiles Division
”. BTD is a group of Textiles Composite where more than14,000 people work. Since BTD considers its people as the main strength of the business, it conducts a well defined Compensation and Benefits Packagefor all the employees of this organization.
1.2 Objective of the study
The aim of our study was to know the Compensation and Benefits Packageof any organization as a partial requirement of the course Human ResourcesManagement (HRM 340). Therefore, to obtain this aim we set the followingobjectives of studies.
Study the salary structure followed by the organization
Identify the different kind of incentives that organization giving
Identify the competitiveness of the Total pay structure of theorganization.
Identify the qualified students attractiveness towards theorganization
Identify the problems behind switching from the organization
- 1 -
 
Compensation and Benefits Package of BTD
1.3 Scope of the report
The report was prepared concerning the following areas:
Concepts of compensation and benefits package as per themanagement theory
Focusing on organizational people’s opinion about theincentives, they have been provided.
1.4 Methodology
At first, we studied about the Compensation and benefits packages.Secondly, we studied the practical process of this system and its impact tothe employees. Finally, we analyze the collected information revealed thefindings.
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
Body Part of the Report
2.0 Profile of the organization2.1 Introduction
Beximco Textiles Division (BTD) is the most diversified and largest industrialconglomerate of Textiles Composite of the Bangladesh having “The sate of ArtTechnology”.
2.2 Brief History
During the last decade of “Investment Era” BEXIMCO Group has beentransformed from a local Business House to an International Business House of export-dominated manufacturer of international standard products, especially for textiles.
2.3 Location
Both the Head Office & Factory of Beximco Textiles Division (BTD) are locatedat its own industrial park known as “Beximco Industrial Park”, Kashimpur, andGazipur. Besides this, BTD has five trading offices around the world located inUK, USA, Hong Kong, Singapore and Pakistan.
2.4 Establishment
BTD started its incorporation in 1985 by its garment section. Sequentially, itestablished it’s spinning units on 1990 and fabric units in 1996. Still is on itsexpansion works with the aim of completion by 2005.
2.5 Board of Directors
A S F Rahman
 
 – 
Chairman & Managing Director 
Salman F Rahman – 
Vice Chairman
Iqbal Ahmed – 
Director nominated by BEXIMCO Holdings Ltd.
A B Siddiqur Rahman
 – 
Director nominated by New Dhaka Industries Lid.
Md. Asad Ullah, FCS-
Secretary- 3 -

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