Challenges in talent acquisition in a diversified conglomerate on Meghna Group of Industries (MGI), Bangladesh

Abstract

This internship report outlines the challenges of talent recruitment of the Meghna Group of Industries (MGI), one of the most diversified and renowned conglomerates of Bangladesh. As a prerequisite to achieve a Bachelor of Business Administration degree from BRAC University, the report draws first-hand information from the HR Talent Acquisition Department of MGI. While going through the three-month internship, the intern helped with key recruitment tasks such as CV screening, arranging interviews, and post-interview reporting. Due to the practical exposure, some of the operational and strategic issues MGI faces in recruiting appropriate candidates through sourcing from its diverse business segments such as FMCG, cement, textiles, and logistics came into the spotlight. A mixed-method study using surveys and employee interviews in MGI revealed tremendous problems: insufficient industry-specialized qualified candidates, ineffective centralized recruitment practices, and an inconsistency of employer branding and organizational culture within departments. While MGI brand reputation is attractive to candidates, retention and concordance with departmental requirements remain a problem. The report recommends that MGI adopt a hybrid recruitment model combining centralized strategy and sector-level customization, boost employer branding across the board, revise organizational culture, and benchmark talent practices against leading industry companies in order to compete.