An Overview of Compensation System of ACI & Labaid Pharmaceutics Limited

Abstract

This paper is aimed at the evaluation of compensation design procedure, need of job analysis, basic pay, provident fund, gratuity facility, bonuses etc. through sizeable literature review it is known that there is a correlation that exists among the study variables mentioned above. The data collection was conducted on the executives and worker level employees of the organization as well as information from board of director panel. A structured questionnaire was used by the executive panel. ACI Pharmaceutical Ltd. one of the pioneers in the pharmaceuticals private sector of Bangladesh. Advanced Chemical Industries (ACI) was established as the subsidiary of Imperial Chemical Industries (ICI) in the then East Pakistan in 1968. After independence the company has been incorporated in Bangladesh on the 24th of January 1973 as ICI Bangladesh Manufacturers Limited and also as Public Limited Company. This Company also obtained listing with Dhaka Stock Exchange on 28 December, 1976 and its first trading of shares took place on 9 March, 1994. Later on 5 May, 1992, ICI plc divested 70% of its shareholding to local management. Subsequently the company was registered in the name of Advanced Chemical Industries Limited. Listing with Chittagong Stock Exchange was made on 22 October 1995. This report is made up of seven chapters. In the 1st chapter of this report discussed the introduction of the agent banking business, the source of the report, and the purpose of the report. The central part of this chapter also discusses the scope, methodology, and design of the investigation. In Chapter 2, Literature Review. In Chapter 3, there were extensive discussions about the Profile of LABAID Pharmaceutical & ACI Pharmaceutical Ltd. This section includes the historical background, overview, structure, hierarchy, and objectives of companies. Chapters 4 and 5 of this report include findings and recommendations from LABAID Pharmaceutical & ACI Pharmaceutical Ltd agent Pharmaceutical business. The analysis part includes guideline provided by the Pharmaceutical the statistical analysis of the outlook of the agent Pharmaceutical of Bangladesh.