TYPES OF MANAGEMENT POLICIES

The following main types of managerial polices have been discussed here:

1. Personnel Policies
Personnel polices cover the major problems of providing and maintaining an efficient work force.

2. Marketing Policies
Marketing polices deal with the problems of planning for sales activities.

3. Financial Policies
Financial polices are concerned with the problems of providing and handling capital That is required for the business.

ARRANGEMENT FOR WORK

1. HOURS OF WORK
Timing of the Job
9.00 a.m to 5.00 p.m Days: with one hour break for lunch and Zuhar prayer 5 days a week

2. VACATIONS
After Causal leaves:
Privilege leaves: 15 per anum 30 per anum

Privilege leaves are given to the employees for relaxation and recreational purposes after continuous work. Such leaves help the employees in mental and physical relaxation. During one month of privilege leaves, employees are also given the pay for that month so as to compensate for the recreational charges he has to bear during that period.

Employees are encouraged to take the leaves allowed to them by the Bank so that they can get some time out of their busy routines. This practice has shown that the employees feel more fresh, enthusiastic, and energetic when return to their jobs vacation.

Medical leaves are also provided to the employees if an employees is not feeling fit and needs for getting well properly. Bank also reimburses the medical expenses and their dependents i.e. Bank pays 100% medical free payables on the behalf of its employees.

3. WORKING CONDITIONS
Working conditions both physical and environment is very crucial for employees working in any organization since it is the organization where they spend most of their day. Working conditions can both motivate and de-motivate the employees depending upon whether proper or improper working conditions have been provided. From the environment maintained in, even a person FBL who enters the Bank for the first time can realize that the management of Bank is well aware of the important impact of working conditions on the efficiency and morale of employees.

4. SAFETY
Safety is the main concern for manager, officers and employees. The money and other valuables in vaults and lockers in banking business are more then any other business. Therefore, management of FBL has taken special measures to safeguard the life and property of both their employees and the customers. Many of these measures were decided and taken at the time of the construction of the building while others short term decision were taken after the bank started proper functioning. Some of the salient features of such safety measures are discussed here:

a)

The walls of the lockers area and the cash vault are made up of concrete which makes them non-drillable. Moreover the lockers and the vault are made up fire-proof steel. These measures help preserve the loss and cash either by some human being or by an accident such as fire.

b)

Two gunmen have been appointed at the entrance that makes sure that no suspicious person enters the Bank. These are responsible for safeguarding the life and property of Banks employees and customers. One guard is also present at each floor. Shifts of guards change with time. After banking hours, one guard remains in the Bank over night.

c)

Doors are made up of heavy wood so that it becomes difficult for a running person both to enter and leave the Bank. This makes sure that in case of robbery, the person to open the door quickly.

d)

In order to safeguard against fire, special alarm system has been installed in the Bank. Smoke detecting instruments, present on the roof, start ringing the alarm bell whenever they detect smoke. In case of fire, this system will help saving the life of the persons in the Bank who can leave the Bank immediately through special exit door.

5. PHYSICAL CONDITIONS
The following physical facilities have been provided by the Bank:

a) Light
There is a proper arrangement of light in the Bank. The whole bank is illuminated with lights, which makes the working conditions pleasant. Moreover, there is also suitable arrangement for daylight in the entire building.

b) Temperature
Central heating/cooling system ensures the moderate temperature necessary for proper working of the employees. Some other facilities provided to the customers include: calm and quit working environment, modernly designed washrooms, fully carpeted.