Recruitment & selection process at the ACME Laboratories Ltd

Abstract

This report on The ACME Laboratories Ltd focuses on application of theories and concepts discussed in business administration and how some of those concepts were applied in the Human Resource Division at The ACME Laboratories Ltd, a Pharmaceutical company in Bangladesh. Taking the internship period of the author as a scope to apply business knowledge into practice, this report provides key insights on how a Human Resource Division more emphasize on Recruitment & Selection Process and additionally how HR people can gain valuable knowledge from the MBA program. The objective of the report is to identify how theories and concepts discussed in the MBA program can be applied in the context of Recruitment & Selection Process at a Pharmaceuticals organization in Bangladesh. Number of secondary sources like text books, academic journals, and web resources were adopted in preparation of the report. Primary data came from the author’s day to day practice at the organization as an Intern, Human Resource Division. Therefore, some bias on the views expressed in the report cannot be ruled out. Yet, effort was given to minimize the bias and produce an unbiased account of the project. 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. The author gained valuable insights on how and why organizations must be more adding values in terms Recruitment, HRIS, HR Transaction, Performance Appraisal, Healthy & Safety Issues and how Human Resource Division become a Business Partner. 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, the Masters in Business Administration program allows professionals to apply business knowledge into practice, as was in the case of the author’s work at The ACME Laboratories Ltd.