Employee Employer relationship of Square Pharmaceuticals Bangladesh limited

Group Name : Titan

Name
Md. Roheduzzaman Md. Abid Burhan Md. Asaduzzaman Md. Alrazi Arman Monowarul Islam Tanvir Hossain

ID

S. M. Imran Hasan

SQUARE PHARMA
Established in 1958 Converted into public limited in 1985 Exports product since 1995 Growth rate of almost 24% Awarded enterprise of the year in 2009

Recruit Process
Internal Source Promotion Transfer
External Source Newspaper Advertising Online Advertising

Relationship dynamics of SQUARE Pharmaceutical Ltd Bangladesh

TU & Collective Bargaining
TU exist in Pabna Broad scope of collective bargaining

Balance of Power

Fairly handle the issue. No pressure Problem solve through discussion

Role of Power

Limit role of power HR policy

Policy and Strategy

Company Policy:
Friendly relation with employees Equal facilities for all

Management Strategy:
Aligned with HR strategy Proactive management OBM

Labor Law 2006

SPL does not follow labor law, except leave policy Minimum wage is 80% higher then existing labor law HR department is responsible for dealing with the labor relation issues

Major Concern of Management

1. Safety & Environment Issues :

Power & Generator Safety Firefighting equipment

Emergency Exit
Environment

Major Concern of Management (cont.)

2. Code of Conduct
3. Grievance 4. Placement

Safety & Environmental Issue

Supply electricity by the Gas Generator Always checks whether the cooling system of engine Numbers of firefighting equipment have been installed in selected places Equipments are eco friendly Train their employee to keep clean the environment

Code of conduct
Almost 150 code of conduct at square Current workers of other organization are not eligible. Should be mentally and physically fit Minimum educational qualification for labors is S.S.C Labors are divided into root level

Grievance
Presents there problem to there immediate supervisor Discusses there grievance with the departmental head Departmental head discusses the problem with joint grievance committees. May be referred to Managing Director

Placement
SQUARE Pharmaceutical Ltd. has two factories Give preference of employees about their placement

Wage structure
Top level Minimum of BDT 150000

Management levelMinimum of BDT 25000

Labor levelBDT 4500-6000

Other facilities and incentives

Bonus is given five times a year. Provides 5% of profit Remuneration is adjusted according to the inflation Except Excellent remuneration they provide 6 types of benefits

Other facilities and incentives

House rent facility

Death insurance

Transport facility

Medical insurance Group insurance

Provident fund facilit

SWOT Analysis
Strengths:

Strong Brand image

High-tech machineries Support of parent company Opportunities:

Weaknesses: Restriction in manufacturing amount Underdeveloped Roads

CSR activities to enhance brand image

Comparatively lower turnover rate

Threats:
Competitive market Restrictions on dietary supplements products

Recommendation
Establish more sustainable customer

relationship
Expand globally

Continuous improvement
Refreshment program for employee and workers