Challenges Concord Group of Companies might face while switching from centralized HRM to decentralized one

Abstract

My work experience at the Concord Group of Companies served as the foundation for the preparation of this report. Through this internship program I have gained knowledge about the companies of Concord Group and about the companies’ methods for recruitment and selection of employees. One of Bangladesh's largest and most prosperous companies is Concord. It was founded in 1972 as a small engineering and construction company. It has grown its business outside real estate during the last 50 years. It has established itself as a successful organization since its founding, and that success has led it to other areas, such the entertainment sector, an advertising firm, Clothing Industries, etc. It's difficult to run such a vast organization, especially if it is one of Bangladesh's top organizations. With the help of its’ effective HR department and a very well-structured Admin department Concord is successfully managing all the challenges. Together, HRD and administration manage the huge number of employees that Concord has. Administration primarily focuses on strict policies, and HRD is in responsible for putting those rules into practice. Concord established its HRD in such a way that from hiring to resignation, it provides solutions to any issue that an employee can have, including retirement during his or her service time in the company. The current HR system of the company is centralized. It has one human resource department for all the business units which is located at the head office of Concord Group. I have observed both strong and weak aspects of human recourse from my overall research and the time I spent doing my internship. Lack of personnel in the HR department, time consumption, lack of comfortable workspace all these factors have an impact on how well employees perform. There are also some positive findings. For instance, HRD is very aware and alert while choosing candidates, and the process is highly transparent so that they can select from the applications the best ones. As a centralized HR system there are many positive sides along with some obstacles. A company can choose to centralized or decentralized its’ HR system based on proper evaluation of both systems. If Concord Group moves to decentralization, it may face some challenges which need to be identified and evaluated before taking the action. The main focus of this report is to identified those challenges that the company might face if it switches to decentralization of human resource department.