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Human Resource Management System at SIEMENS Bangladesh Limited
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technical achievements, innovation, quality, reliability and internationality. The association with Bangladesh began in 1956, and since then it has been involved in a number of Bangladesh’s major modernization and infrastructure development programs. SBL is operating in Bangladesh for last 50 years with the aim shaping a better future and enhance the lives of people.
The purpose of the report is to identify the HR system and practice of Siemens Bangladesh limited. Being a multinational company SBL has a structured HR system with both global and local touch.
Siemens regards it’s employee as most essential asset and resources in ensuring continued success and development. The growth of Siemens all around the world has provided promising prospects for all competent and highly motivated employees in a continuous manner. By providing rich Human Resources practices and offering of competitive benefit package, Siemens believe in ensuring a working environment where management and employees put combined effort towards the growth of the company and accepts new challenges in a diversified environment. Acknowledgment of success is ensured here to motivate our staff.
The SBL human Resource practices determine to ensure every employees growth with highest potentiality by providing a healthy & competitive work environment where the employee gets opportunity to excel their knowledge & skills .It also ensures the appropriate career opportunities in line with the capabilities & performance through Siemens Performance Management Process
Finally recommendation was provided to make the HR system more effective and efficient for the organization. If SBL follows the HR system thoroughly then it will be always in upper hand to retained best employees in the organization in the future.
Siemens is one of the leading companies in the growing area of electrical engineering and electronics sector in the world. This German electrical giant operates in 190 countries, creating leading-edge innovations for better life, and driving profitability and corporate responsibility around the globe.
Values & Vision
The value of Siemens is highest performance with the highest ethics
High performance and ethical behavior are the two pillars of sustainable business success – they are not contradictory. In the long term, Siemens can only be successful if we are able to satisfy both requirements at the same time
· Responsible: Committed to ethical and responsible actions
· Excellent: Achieving high performance and excellent results
· Innovative: Being innovative to create sustainable value
The vision of Siemens is aspirations for the future
Our vision puts into practice our belief that the highest performance and highest ethical standards can drive our profitable growth while addressing stakeholders’ requirements.
Background of Siemens Bangladesh Limited
The association with Bangladesh began in 1956, and since then it has been involved in a number of Bangladesh’s major modernization and infrastructure development programs.
Siemens has been active in railway projects in the country since 1962. In 1968, had the privileged to become the first direct foreign investor to start a joint venture with the government to manufacture telephone switches and sets. The company has been quite successful in the power and energy sector of Bangladesh. In 1967, Siemens were actively involved in constructing the Ashuganj power plant and thus gained a major market share of the country’s power sector. Beside that from the beginning, medical systems and solutions has been the country’s technology of choice in the sector.
Siemens has been operating in the country for 50 years, during which time has established as a leading solution provider in Transportation System, Power Transmission and Distribution, Medical Solutions, Power Generation, Power Distribution and Lighting Solution in the electrical and electronics market, Automation and Drive, Industrial Solutions and Services. So, on any particular day people will find Siemens products and solutions all around you
Ever since its foundation in 1847 by Werner von Siemens, Siemens has addressed the challenge of shaping the future with innovations. Few companies have done as much as Siemens to shape our world
Product, Solution & Services
Siemens Bangladesh Ltd. business portfolio comprises the following business areas
- Automation and Drive
- Power Distribution & Generation
- Transportation System
- Industrial Solution and Service
Automation & Drive
Automation and Drive is one of the key business divisions in Siemens Bangladesh Limited. The division plays a key role in the profitability and outlook of the company. The A&D with a comprehensive range of products, systems and services for production and process automation and building technology has been successfully able to enhance the businesses of its valued customers. Security, comfort and efficiency of any buildings is very important to every walk of life, so Siemens with their high technical and innovative building technologies such as fire alarm, access control system CCTV and others guarantees a protected living and working safety to its customers. Same success holds with Osram. Osram with its quality lighting products have been effectively able to keep a pace with the rapid growing market in Bangladesh. Keeping pace with the needs and changing lifestyles of the people of Bangladesh, Siemens with its expertise offers high quality products and services to meet the customer satisfaction by making them feel that Siemens is all around you, which in way has been the driving force to achieve success in all the business units.
Siemens presence in the power sector of Bangladesh started in the mid 60s. As first project the company completed the instrumentation and control system as well as the HV/MV substations for two units of Ashuganj Power Station in 1968. Today Siemens is known in Bangladesh for their expertise in realizing Power Generation projects and projects for HV and MV substations, Prepaid Metering projects and infrastructural projects for industry (Textiles, Steel, and Pharmaceuticals) and the private sector (Hotels, commercial and corporate buildings) in Bangladesh.
Siemens Medical Solutions brings together trendsetting medical technologies for diagnostic imaging, therapy and healthcare information systems, as well as management consulting and support services, to help transform the delivery of care. As a leading healthcare solutions provider, the goal is to enable customers to gain new efficiencies by integrating their clinical, operational, and financial processes. From reducing cycle times, to increase access to vital information, improving information security, and controlling costs, their solutions assist health care providers throughout the world to do more with fewer resources. At Siemens, people measure their performance on the tangible, quantifiable results that they provide to customers.
The product portfolio covers wide range in the healthcare sector, from imaging systems for diagnosis and treatment to modern information technology, service and maintenance offerings, as well as consulting services in the area of process optimization. And Med continues to develop further. With the acquisition of CTI Molecular Imaging, the Group has strengthened its commitment in molecular imaging, one of the technologies of the future in medicine. With the acquisition of Diagnostic Products Cooperation (DPC), Med is expanding its diagnostic spectrum into the area of immunodiagnostics. And with the planned acquisition of Bayer Diagnostics, an integrated diagnostic company will result for the first time in the healthcare industry, bringing together under one roof imaging diagnostics, laboratory diagnostics, and clinical information technology across the entire value-added chain.
Source: www.siemens.com.bd /product & services/medical
Siemens Transportation systems offers a comprehensive solution for Railway transportation system right from locomotives, signaling & Interlocking system, rail communication, turnkey system. Siemens is one of the leaders of Transportation system solution is the partner of Bangladesh Railway development for more than 40 years. Siemens provided almost 95% railway signaling & interlocking system of Bangladesh railway in Sixty’s and Seventy’s which is still ensures human safety of Bangladesh rail transport. Siemens TS now provides state of the art computer based interlocking & signaling system safe
rail travel. Siemens TS is a complete solution provider of metro rail services, underground and overhead light rail including design manufacturing, construction, supply of trains, operation, maintenance etc. Siemens ensures safety of human and national property.
Source: www.siemens.com.bd /product & services/transportation system
Industrial Solutions & Services
Siemens Industry Services and Solution (I&S) offers a complete solution for production and process automation of Pulp & Paper, Cement, Iron & Steel, Metal, and Mining. It provides full support for marine solution port automation, oil & Gas and Water technology. With integrated automation it delivers solution for municipal water and waste water treatment including removal of arsenic. Total integrated airport solution, traffic and parking management system are a synergy of Siemens I&S services. I&S Integrated services (IS) provides a one point solution for infrastructure like building, stadium etc. I&S-IS deal with complete solution of power supply, lighting, building automation, parking etc. In Bangladesh Siemens is operating in Industry Services & Solution more than 50 years and contributed in Bangladesh development in industry automation, water & public health, airport automation. We are now experienced and equipped to support our customers to get long term benefit out of these investment.
The individual Groups within these areas are responsible for their own worldwide operations, with regional units around the globe supporting their efforts.
This decentralized structure gives the Groups the greatest degree of entrepreneurial responsibility and the ability to nurture the closest possible ties to their customers. Cross-Group and cross-regional cooperation is crucial for the success of the GLOBAL NETWORK OF INNOVATION. At the same time, it enables Siemens to provide comprehensive, customer-focused products, solutions and services for the global market.
Source: www.siemens.com.bd /Product & services/industrial solution
- Leading electrical engineering & electronics innovation
- Goal-oriented company
- Global network
- 50 years of operation in Bangladesh
- Highly qualified people both local & global
- Cross-cultural experience
- Follows global HR system to make the business more smooth and competitive
- Compliant towards business “ Highest performance with Highest Ethic”
- Lengthy business procedure and documentation
- Long chain of command & authority
- Long lead time for product ordering and delivery Opportunity
- Potential pool of people
- Prosperous business market Threat
- Huge competition from local giants
- Local competitions are coming up with similar products at a lower price.
The SWOT analysis has been done to find out the internal and external weakness and strengths of organization. Siemens Bangladesh limited has a strong strength in their innovations in shaping up the future of the world with the aim of enhancing the living standards of the people of Bangladesh.
HRM in Siemens Bangladesh Limited
Siemens Bangladesh Ltd (SBL) was incorporated in 1956 and over the last 50 years, has established as a premier MNC in Bangladesh. The Company is a 100% wholly-owned subsidiary of Siemens AG. Siemens AG is today one of the ten largest electrical & electronic companies in the world. As of 2006, it employs close to 480,000 staff in more than 190 countries worldwide. The success of SBL has achieved is due to the loyalty, dedication and hard work of each and every one under the same umbrella.
Siemens regards it’s employee as most essential asset and resources in ensuring continued success and development. The growth of Siemens all around the world has provided promising prospects for all competent and highly motivated employees in a continuous manner. By providing rich Human Resources practices and offering of competitive benefit package, Siemens believe in ensuring a working environment where management and employees put combined effort towards the growth of the company and adhere the new challenges in a diversified environment. Acknowledgment of success is ensured here to motivate our staff.
Source: Siemens Employee Handbook/Human resource policy
Maintaining the global culture SBL is the place to work where a favorable working environment is prevailed to showcase employee’s talents and allows stretching ones abilities to the fullest. Support, encouragement and leadership one can expect to receive from his/her Managers in every step.