Recruitment and Selection Process in Bangladesh: A Case Study on Square Pharmaceuticals Ltd.

Abstract

SQUARE Pharmaceuticals Ltd., the Leader of Bangladesh Pharmaceutical Industry for the last 36 years, is now UK Medical and Healthcare Products Regulatory Agency (MHRA), Australia certified. For my thesis program, I got the opportunity to work at the best performing Pharmaceuticals Company in Bangladesh. I was placed in the Corporate Headquarters of Square Pharmaceuticals Ltd, the parent company of Square Group. Square Pharmaceuticals Ltd, the flagship company, has held the strong leadership position in the pharmaceutical industry of Bangladesh since 1985 and is now on its way to becoming a high performance global player. It started its journey as a partnership firm in 1958, producing a variety of medicines. From 1958 to now, it stands on a strong platform because of their successful performance and technical improvisation. Square Pharmaceuticals has a well-organized management system by which they smoothly operate the process of setting and achieving goals through the execution of five basic management functions that utilize human, financial and material resources. Square has developed an effective and aggressive marketing system which generates motivation in the employees for achieving the organizational objectives. Square’s practice of distribution through a wide network of field staff throughout the country ensures freshness of stock as well as efficient and timely service. Strict quality control is maintained in the factory by expert personnel and apparatus. Square has a reputation of paying its taxes on due time. It has got the best employee awards in 2013. The human resource department of Square Pharmaceuticals is the key to all success. The main strength of HR is their quick informal responses to comply with the continuous changing environment. Recruitment and selection of quality HR and retention of quality family members is the number one HR Policy of Square. The company has bonus schemes and training programs for employees. The company’s growth plans for the future are to strengthen operations in the domestic market, increase market share internationally and nationally, improve productivity and profitability to offer more value to the shareholders. Square is very much concerned about their recruitment process and try to hire the best possible candidates from the market.