Subject: Submission of Internship Report on “An Analysis of Training and Development Practices of Uttara Finance and Investments Limited”. I am pleased to state that the report, "An Analysis of Training and Development Practices of Uttara Finance and Investments Limited." is an integrated part of my BBA program which is very important and enriches my academic background about to enter the professional field. I hereby declare that the report of internship entitled “An Analysis of Training and Development Practices of Uttara Finance and Investments Limited” has been prepared by me after completion of 3 (three) months internship at Uttara Finance and Investments Limited, Bogra Branch.
He did an internship with Uttara Finance and Investments Limited and prepared an internship report under my supervision. I am also deeply thankful to her for sharing her vast experience and knowledge with me and helping me to get reliable information about Uttara Finance and Investments Limited. Here in the first chapter we basically discuss the origin of the report, objectives and methodology used in the preparation of the report and limitations faced in the preparation and it is an overview of Uttara Finance and Investments Limited.
In Chapter Two, Historical Background of United Finance Limited, Its Mission, Vision, Structure of Uttara Finance and Investments Limited. To prepare this report, the main objective is to focus on the activities related to training and development practices in Uttara Finance and Investments Limited. The report's chapter four analyzes the strengths, weaknesses, opportunities and threats of Uttara Finance and Investments Limited.
From 1995 to 2020, this was more than a 19-year long journey of Uttara Finance and Investments Limited.
Background of the Study
Scope of the Study
Objectives of the Study
Methodology of the Study
Data Sources a) Primary Source
Data Collection Methods
Data Analysis Technique
Limitations of the Study
Company Profile
- Introduction
- Major Events at a Glance
- NBFI Background
- Management Structure
- Functional Department of UFIL
- Operation Department
- Accounts Department
- Share and Merchant Banking Department
- Treasury and Tax-Vat Department
- Corporate Department
With its constant drive to improve, UFIL is well on its way to being considered one of the leading leasing companies in the country. Competition between the leasing companies has become stronger with the growth of the NBFIs, in addition to the entry of commercial banks into the leasing finance market which have the advantage of lower cost of funds compared to the NBFIs. NBFIs mostly depend on funds from the credit lines of the commercial banks at a relatively higher interest rate varying up to 15%.
The success of Uttara Finance and Investments Limited within such a short span of time is an effect of the hard work and efficiency of the company's workforce. Uttara Finance and Investments Limited has a team of well trained and experienced managers who have contributed significantly to the continued progress of the organization. The help of the workforce enables the management of the company to run their business smoothly and with the highest efficiency.
The committee constantly monitors the business performance and takes the necessary measures for any kind of non-compliance. Senior management officers meet from time to time to discuss the company's business and events affecting the company. Since UFIL is a financial institution, therefore the accounts department is considered as the main unit of the company.
Arrange fund for the company through call money arrangement and line of credit with various banks. Keep the activities on track so that nothing deviates from Bangladesh Bank rules and regulations. If the tenant does not answer the phone call, the department issues a letter against the tenant's name.
Even after issuing a letter if the tenant does not respond, the department files a case in the criminal court against the name of the tenant. In the case of leased assets, the department ensures that the asset belongs to the company by putting a sticker of the company's name on the asset. Clarifying the benefit of doing business with the company and receiving formal approach from the customers.
Training and Development Practices of Uttara Finance and Investments
Limited
- The Concepts of Training and Development
- Training
- Development
- Distinguish between Training and Development
- Objectives of Training and Development
- Types of Training Program of Uttara Finance and Investments Limited
- Area of Training of Uttara Finance and Investments Limited
- Training Process of Uttara Finance and Investments Limited
- Supervision of Training by Uttara Finance and Investments Limited Though the training programs are provided by different departments, the overall supervision
- Evaluation of Training
- Development Process of Uttara Finance and Investments Limited Uttara Finance and Investments Ltd. provide development in different areas to help their
- SWOT Analysis of Training and Development of Uttara Finance and Investments Limited
Training and development refers to imparting specific skills, abilities and knowledge to an employee. Uttara Finance and Investments Limited spends a huge amount of money on their training and development programs. Development programs have been established to enhance the special skills and knowledge and increase the initial power of executives. Table: Difference between training and development.
The goals of training and development are not limited to simply increasing productivity and efficiency, but today's busy market and ceaseless active competition demand much more than that from organizations. Local training: UFIL offers external training program for the employees who are nominated for this program and the approval is given from the division head. Foreign training: UFIL offers a foreign training program for employees, which is carried out by foreign trainers.
The ultimate goal is to bridge the gap between current and desired performance through the development of a training program. Select Trainer and Trainee: After matching the entire equation, the training and development department sits to select trainers and trainees for a training program they have arranged. Training Program Implementation: The implementation phase is where the training program comes to life.
After successfully completing the training program, all trainees should evaluate and evaluate the training program so that the company can identify whether the training program is useful or not. Post training program evaluation is an essential step for United Finance Limited HR Division because it helps them to get information about the results of the programs so that they can make sound decisions about the implementation of those programs. After the successful completion of a training program, the HR department decides to evaluate the training program by the employees.
After completing the training program, participants are asked to fill out survey questionnaires to evaluate the trainer and the training. There is more than one trainer in the training program and the participants of this training program rate the trainers based on their training skills and attributes. Uttara Finance and Investments Limited is sometimes unable to organize an important training program due to its financial difficulties.
It is the main weakness of the training and development department of Uttara Finance and Investments Limited. Training and learning is the more effective way to get managers to cope with the new situation.
Findings, Recommendations and Conclusion
Findings of the Study
No formal software related training is given to the employee of Uttara Finance and Investments Limited.
Recommendations
There is a shortage of computer, printing machine and scanner of this branch as it is important to provide. Because employee thinks that the outside trainers like BIBM trainers are more interactive with the trainee. UFIL should arrange those training programs conducted by BIBM professionals and trainers.
The reason is that motivations do not cost enough money, but it helps the employees to learn quickly. If they are motivated and learn the job, they will not only benefit from it but at the same time they will serve the company with their best efforts.
Conclusion
