The Recruitment and Selection Process of The ACME Laboratories Ltd.

Abstract

One of the top pharmaceutical companies in Bangladesh is ACME Laboratories Limited. Due of the fierce competition that occurs inside the oligopoly, organizations in the pharmaceuticals sector are particularly performance-driven. Because pharmaceutical companies frequently engage in ruthless and competitive HR practices, the HR specialist must be able to comprehend performance matrices and organizational issues. The recruiting and selection process of The ACME Laboratories Limited are described in detail in the report's general methodology. The ACME Laboratories Limited treats its human capital very well because they see it as the most important part of their company. They still employ a highly strict and structured hiring and selection procedure. The Human Resource Division of The ACME Laboratories Limited thus continually develops facts to handle them and also takes steps to formulate such. In order to get the greatest outcomes out of their quality hiring, they conduct performance reviews and take the appropriate steps to motivate their workers when necessary. They do have a training and development program for medical representatives and sales representatives for the sake of the effectiveness of their sales management team. The report makes recommendations for both academics and practitioners. It recommends incorporating performance matrices into management training at an early stage of instruction and teaching students how to finish academic assignments like marketing strategies in a specific amount of time while taking into consideration the time constraints in industry. It also makes recommendations on how The ACME Laboratories Limited might run as a business that is more focused on human resources. The study concludes by noting that, despite the academic community's emphasis on theory development, it also elaborates on the key roles of human resources, which are the most important factor in an organization's ability to accomplish its goals