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In: Business and Management

Submitted By asmahaque
Words 1218
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Report On:

A Brief Comparison about Human Resource Management between Bextex Ltd. and Square Textiles Ltd.

Acknowledgement

First of all I would like to thank almighty Allah for giving me the strength to complete this report.

Then I would like to express my cordial thanks to our respective course instructor ……………………………….for giving me this opportunity to make a report on such an important topic which is essential for better understand of HRM scenario for successful companies. This opportunity will help me in future at a grater extent.

I would like to express special thanks to my classmate and family members for their support at the time of preparing this report.

EXECUTIVE SUMMARY

Square Textile Ltd. started its operation in 1997. It was enlisted in Dhaka Stock Exchange & Chittagong Stock Exchange in 2002. The business lines of Square Textile Ltd. are manufacturing and marketing of yarn. Its factory is located in Gazipur , Dhaka.
The manufactures 100% Cotton Ring Span Yarn or Hosiery , 100% Cotton OE Rotor For Hosiery and Knit Fabrics for 100% export oriented readymade Garments Industry.
The strategic Goals and Objectives of the Company are to strive hard to optimize profit though conduction and transparent business operations and to create more competitive in the internal and external market.
In home, customer of Square Textile Limited are export oriented readymade Garments Industry. The Company also exports its products to the market of Europe & USA .
The export sells increased by 19% in 2003 over the previous year.
Competition level is increasing both in local and abroad market . Competition will be more stiff after 2005 when multifiber agreement will be phaced out. Among the other foreign competitors Srilanka , China Pakistan and India are prominent.
Square is one of the biggest employees in Bangladesh. It has a personnel and administrative department . The total number of employees are 1223. For the employees there are systematic in house training in home and abroad .
The managing director, the CEO is the head of the executive management team . Below in there are directors , executive directors and general manager. Under the direct super vision of the general manager a number of departments are controlled.
The Company is going through continuous growth in production . The total production increased year on year basis at the rates of 0.43% and 1.467% during 2002 and 2003 respectively . The Company’s operations are out on a aggregate basis and are managed as a single opportunity segment . The Company uses Computer Aided Design (CAD) , Computer Aides Spreading (CAS) and Computer Aided Manufacturing (CAM) in its plant to increase the overall efficiency and productivity.

OBJECTIVE:
The main objective of this report is to compare the HRM practice that acts as the key feature for success of the two leading textile companies of Bangladesh. The specific objectives of this report are :

• To understand the HRM Planning of these two companies.
• Compare HRM practice that makes those two companies successful in textile Industry.

Company background of Square Textile Ltd.:

In 1997 Square entered the textile sector with its manufacturing facilities of cotton yarn. Combining modern technology with skilled manpower under Square's unique inspiring, atmosphere, this new Square venture soon rose to the top of the local textile industry. Today it has one of the most sophisticated vertically integrated set-ups.
Square Textile Ltd. is one of the largest producers of knitting & weaving yarns in Bangladesh. Today it has one of the most sophisticated vertically integrated set-ups by which we are producing 90,000 kg of yarns every day. We are recognized by our valued customers through quality products with committed services.
Vision
Conception of the business germinated from the vision which sees it as a means to the well being of the investors, stakeholders, employees and members of the society at large by creating new wealth in the form of goods and services that go to satisfy the wants of all of them without distributing or damaging the socio-ecological balance of the mother earth and the process of human civilization leading to peaceful Co-existence of all the living beings.
Mission
Square’s mission is the pole star of the vision for maximization of production of quality life saving products and services strictly on ethical and moral standards at minimum costs to the society ensuring optimum benefits to the consumers, the shareholders and other stakeholders.
Objective
To strive hard to optimize profit through conduction of transparent business operations within the legal & social framework with malice to none and justice for all in respective of gender disparity, caste, creed of religion or region.

• To create more jobs with minimum investments
• To be competitive in the internal as well as external markets
• To maximize export earning with minimum imported in-puts
• To reduce the income gap between top & bottom categories of employees
• To promote corporate social responsibilities (CSR) amongst all

Company background of Bextex Ltd.:
Bextex Ltd. (the "Company") was incorporated in Bangladesh as a Public Limited Company with limited liability on 8 March 1994 and commenced commercial operation in 1995 and also went into the public issue of shares and debentures in the same year. The shares of the Company are listed in the Dhaka and Chittagong Stock Exchanges of Bangladesh. Bextex Ltd. is the most modern composite mill in the region. Bextex Ltd. has an installed capacity of 288 high-speed air-jet looms in its weaving section and a high-tech dyeing and finishing section with a capacity of 100,000 yards of finished fabric per day. This company is located at the Beximco Industrial Park .

Bextex Ltd. has a state of the art composite knit fabric production mill, which serves the growing needs of high-quality knit garments exporters in Bangladesh. The project was set up as a state of the art knit fabric knitting, dyeing and finishing facility. During the year the Company produced and sold high quality of knit fabrics and bringing forth all the latest in hard and soft technologies in knitting, dyeing and finishing of knit fabric.

Bextex Ltd. also has a cotton and polyester blended yarn-spinning mill, with 122,000 spindles is one of the largest spinning mills of the country. The mill was set up to feed the country's export oriented industries.

Bextex Ltd. produces specialized finishes of denim cloth for export in finished as well as cloth only form.

Vision: • Gain market leadership in high value added apparel in USA & Europe . • Use “Innovation” & “Speed” as prime drivers, rather than cotton & cheap labour . • Dominate these markets in high quality : ▪ Men's, Women's , Children ▪ Shirts ( Dress & Casual ) ▪ Blouses ( formal & casual ) , Skirts, Jackets ▪ Jeans & Casual non - denim bottoms ▪ Knitted tops & bottoms Mission : BEXTEX Ltd. is a full service vendor with strong vertically integrated production facilities as well as creative & analytical capabilities which clearly sets us apart from most other South Asian vendors.

STRATEGIC GOALS & OBJECTIVES:

The company sets the following objectives for it to achieve:
• To strive hard to optimize profit through conduction of transparent business operations within the legal and social framework with malice to none and justice for all
• To create more jobs with minimum investments
• To be competitive in the internal as well as external markets
• To maximize export earning with minimum imported in-puts
• To reduce the income gap between top and bottom categories of employees.

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