Faysal Bank

Faysal Bank
Presented by Sanaullah Mughal Najam Bukhari Manoj Kumar Rajput Manoj Kumar Sharma Noman Ahmed
History
Faysal Bank started operations in Pakistan in 1987, first as a branch set-up of Faysal Islamic Bank of Bahrain and then in 1995 as a locally incorporated Pakistani bank under the present name of Faysal Bank Limited. On January 1, 2002, Al Faysal Investment Bank Limited, another group entity in Pakistan, merged into Faysal Bank Limited which resulted in a larger, stronger and much more versatile institution.
Capital and Ownership
Ithmaar Bank B.S.C, an investment Bank in Bahrain is the ultimate holding company of Faysal Bank.The remaining shareholders comprise of general public, NIT and other Pakistani institutions.
BOARD of DIRECTORS
Syed Naseem Ahmad. Chairman Naved A. Khan. President & CEO Graham Roderick Walker. Director Mohamed A. R. Hussain. Director Mohammed A. Rahman Bucheerei. Director Farooq Rahmatullah. Director Tariq Iqbal Khan. Director Shahid Ahmad. Director
Vision and Mission

Vision:
Excellence in all that we do.
Mission:
Achieve leadership in providing financial services in chosen markets through innovation
Human Resource Department

Main HR Department is located at Faysal Bank Head Office Karachi. There are HR Co-coordinators in each branch of Faysal Bank which supervises the applications and practices of HR department.
Job Analysis
The procedure for determining the duties and skill requirements of a job and kind of person who should be hired for it. Job analysis has two components i.e. Job Description Job specification
Job analysis of Faysal Bank

There is no specific Job Description and Job Specification for a particular job in Faysal Bank. Change in banking system and size of operations is affecting the duties, responsibilities of job. Faysal Bank for writing job description and job specification intensely focus on the immediate supervisor.
Recruitment and Selection Process

Recruitment refers to the process of attracting job applicants from the available labor force. Selection is the process of choosing from a group of applicants those individuals best suited for a particular position. Sources used by Faysal Bank: 1.Internal Sources 2.External Sources
Internal Sources
1. Job Posting: Faysal Bank publicizes open job to its existing employees by listing its attributes e.g. qualification, experience and pay rates. 2. Contacts and References: Faysal Bank encourages the contacts and references of its existing employees.
External Source:
1.Advertising: Advertisement is a major external source adopted by Faysal Bank. The only source of advertisement adopted by Faysal Bank is news papers 2.Direct Approach: Faysal Bank approaches directly to experienced employees of other banks and offers them higher rewards to pursue them to leave their existing jobs and join Faysal bank.
Testing:
Test is conducted by the regional offices of Faysal Bank to choose the potential candidates. Test is divided mainly into two portions a. General IQ level test (30% weightage) b. Job Related Test (70% weightage)
Interview:
In an interview information is obtained from the candidates through oral responses. Regional office conducts the interview Panel Interview is conducted Panel consists of 3-7 members Expected salary and information about information about past job is gathered
Process of Training
Job Rotation: To rotate the employees from one job to another within same departmentas to enhance his experience for increased job duties. Coaching: Initially the employees are selected as MTOs (Management training Officers).They are provided with necessary training relevant to their job in specific branches as directed by regional office.
Career Management:
Initially the fresh employees are selected on contract basis. If one selected on permanent basis six month probation period is applied. An employee has following opportunities for career building.
Performance Appraisal:
Faysal Bank adopts the traditional appraisal method which is done on yearly basis. (Branch Manager of Faysal Bank) appraises from sweeper to operational manager and appraises of BM is done by area manager of Faysal Bank.
Compensation Management
Salary: Salary is not providing according to rank but salary is according to performance and target achievement. Rent OR Residence Facility: House rent is paid to every one at a rate of 40% of basic salary. No residence facility is given to any one.
Compensation Management
Medical Care: Faysal Bank provides medical facility to all of its employees.If one employee is admitted in any hospital, bank will provide 700 daily. All the medical bills are reimbursed by Faysal Bank if bills are proper invoices. Pension: No pension is given as it is a private Bank. Only gratuity fund is provided 10% of basic salary per month is contributed by employee and equal amount is contributed by employer at the time of retirement.
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Faysal Bank

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Faysal Bank

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Faysal Bank

Capital and Ownership

Vision and Mission

Human Resource Department

Job analysis of Faysal Bank

Recruitment and Selection Process

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