Faisal Bank
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Executive Summary
This report is basically based on the human resource management and its practices in Faysal Bank. Faysal is one of the leading bank in pakistan.faysal bank providing bundle of benefial services to their customers, which help them to improves their standard of living . Faysal Bank is currently engaged in several business activities. The bank has Five Core Areas of Focus: Retail, Corporate and Investment Banking, Commercial Banking, Islamic Banking, Treasury and Capital Market.
There are various different techniques and methods that the management goes through, in order to run this organization. To stay on top, Faysal Bank has adopted modern and up to date human resource management concepts. They have adopted such approaches which is why they have been able to keep their employees satisfied and happy for so many years.
Faysal bank has around 135 branches functioning currently all over Pakistan. It has a strong HR policy which keeps its employees satisfied. Faysal Bank has a sound hiring process and hires through different sources.
Faysal Bank has a diverse employee development program and has a successful employee retention plan whose basic elements are satisfactory salary and periodic appraisals. The lower employee turnover rate of 12% shows that employees are satisfied, healthy and safe, and their performance is satisfactory.
The remuneration offered by Faysal Bank to its employees is based on a gross salary, allowances and perks commensurate with the requirements of job, the appropriateness of an employee to the requirements, the seniority of the position and competitive forces.