HRM practices at MATRIX Business Development Ltd. (MBDL)

Abstract

For the fulfillment of my MBA degree I have to prepare a report and I choose the topic Human Resource Management Practices at Matrix Business Development Ltd. This is the main reason for preparing this report. Human Resource is the most important asset for any organization and it is the source of achieving competitive advantage. Managing human resources is very challenging as compared to managing technology or capital. For its effective management, organization requires effective HRM system. For a consultancy firm like MATRIX, effective HRM system is very much important towards its success. Basically this report focuses on the HRM practice of MATRIX Business Development Ltd, a leading consultancy firm aimed to provide qualityconsultancy support for various public and private sector organizations. In this report it has been try to show that how MATRIX performs the training, recruitment & selection process, what types of direct & indirect benefits and rewards they offer to their staff to retain them, how they have perform their performance appraisal of the teaching staff and admin staff and overall HR functions. During my internship period while I am preparing this report I have faced some problems like- too much work pressure, multiple tasks etc. but though I have learned so many things that is described in the lessons learning chapter. The finding of this report shows that MBDL doesn’t have any specific HR department though the director operations have a PGD degree on HR. All the HR activities have been controlled by him. It is also found that their job evaluation system is not good enough. For providing better consultancy service MBDL should manage their Human Resource effectively. Some recommendation has been added at the end of this report. I hope these will be helpful for them.