Business

Padma Bank adopts HRMS to cut costs, speed up process


Published : 18 May 2022 08:30 PM

Padma Bank has implemented a Human Resource Management System (HRMS) to improve the productivity of its 1,000 employees, ensure skill development and chart out succession planning.

On Thursday at Padma Bank Mirpur Training Institute HRMS was launched by the bank’s Managing Director (MD) & CEO Tarek Reaz Khan. 

“The HRMS package is based on the self-service concept. It has considerably reduced the turnaround time of the processes involved. Earlier, payroll processing in the central office used to take huge time now it takes just a single click to process. So the benefits are clearly visible,” said Tarek Reaz Khan.

He added “There is transparency in the processes. There is no subjectivity involved and it is all rule-based. Centrally also, monitoring of the HR processes takes place, The HRMS has automated Five HR Modules, including HRIS Module, Payroll Module, PMS Module, E-Learning & Online Examination Module & Organization & ER Module.  M Ahsan Ullah Khan, SEVP & Head of Human Resources Division of the bank,DMDs Faisal Ahsan Chowdhury & Zabed Amin and other senior officials of head office were also present on the occasion.