Recruitment & selection process of the ACME Laboratories Ltd.
AuthorHaque, S.M. Rezaone
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The ACME Laboratories Ltd is one of the Top listed Pharmaceutical in Bangladesh. The Pharmaceuticals industry faces severe competition within the oligopoly and as a result organizations are highly performance driven. The often ruthless and competitive HR practice at Pharmaceuticals organizations requires the HR expert to be able to understand performance matrices and organizational issues. Hence, the management development programs are often introduced within organizations and trainings are facilitated. Therefore, it shows valuable insights on how and why organizations must be more adding values in terms Recruitment, HRIS, HR Transaction, Performance Appraisal, and Health & Safety Issues and how Human Resource Division become a Business Partner. The ACME Laboratories Ltd. believes that Human Resource Capital is the most important part of their company and that is why they take very good care of it. They maintain a very strict and systematic approach in the recruitment and Selection Process. They know that business is not about numbers and functions rather it is about people / employees whom they run it. So the Human Resource Division of the ACME Laboratories Ltd. continuously develops ideas to manage them and also take initiatives to formulate those. To get the better outcome from their quality employees they do performance evaluation and perform necessary tasks to motivate their employees in case of poor performance. They do have training and development program for the Medical Representatives and Sales Representatives for the better performance of their Sales Management team. The report provides recommends for both academia and practitioners. It recommends that management training can also take the time constrains in industry into consideration and train students to conduct academic projects like marketing plan within a specific number of hours and thus introduce performance matrices at the early stage of training. Additionally, it recommends that how The ACME Laboratories ltd. can run as a more HR Driven firm. Finally, the report concludes that although the scholarly domain focuses on theory development and also elaborates the key functions of Human Resources which are the most important part of the organization to achieve their organizational goals. Therefore 7 the ACME Laboratories Ltd. follows the systematicway to manage their Human Resource Functions to be the market leader in the pharmaceuticals industry of Bangladesh.