An Analysis of Quality Human Resource Management (HRM) Practices in Bangladesh Ready-Made Garments Sector
Journal Title: Journal of Economics and Business - Year 2019, Vol 2, Issue 4
Abstract
Bangladesh Ready-Made Garments (RMG) had grown significantly over the last decades in every term but unfortunately quality of locally produced goods is still an issue. According to BGMEA report (2014) RMG consists around 40% manufacturing as well as 50% of the total workforce and 78% of total export earnings generated from this sector. Most of the employees in RMG are women, around 90%, where 4.2 million people are working in this sector. However, the potential growth and prospect in the Bangladesh RMG sector is huge. And for using these opportunities it should focus on the proper implementation of HR policies to emphasis quality performance. In recent knowledge-based economic condition, human resource is the most crucial resource as organizational effectiveness and efficiency is largely depends on the utilization capacity of this resource, especially in the case of Ready-made Garments industry in Bangladesh. Yet, the realities for RMG organizations are that their people remain undervalued, under-trained, and underutilized. Due to improper HR practices, labor unrest rate in RMG is high, and the employee productivity rate is lower than its competitors. As RMG is the rising sector for further investment, now a day a much concern is needed to improve and sustain garments companies growth. Human Resource Management requires much more concern in the Bangladesh RMG sector. In this aspect, literature proved that HR practices didn’t get much attention, which need to be measured and analyzed in the aspect of Bangladesh RMG sectors quality performance improvement as in RMG sector human resources is the main advantage for industrial growth and sustainable competitive advantage in business. So this study is required to lift up this expectation to fulfill this research gap
Authors and Affiliations
Farhana Rashid, Che Azlan Taib, Rushami Zien Yusoff, Mohd. Akhir Hj. Ahmad
Firm-specific Financial Determinants of Non-Performing Loan in the Banking Sector of Developing Countries: Evidence from the Listed Commercial Banks in Bangladesh
This article aims at finding the financial determinants of Non-performing Loans (NPL) in the banking sector of Bangladesh. It employs panel data analysis techniques to find those determinants and the extent of their impa...
E-Tourism Adoption of the Travel Agencies in Cebu City, Philippines
Information Communication Technology (ICT) plays an active role in the tourism industry. The application and integration of ICT are essential for the success of a tourism enterprise. ICT assists the individual in an ente...
Research on Housing Price Factors of Zhuhai City:Under the background of the Opening of Hong Kong - Zhuhai - Macao Bridge
The completion and opening of the Hongkong-Zhuhai-Macao Bridge not only strengthened the links between different cities in the Pearl River Delta region but also greatly promoted economic exchanges between Hong Kong and M...
Role of Notary Public in Increasing the Ease of Doing Business Index through the Apostille Convention
This research aims to analyze the role of the notary in international business practices and analyze the position of the Apostille Convention in increasing the Ease of Doing Business Index in Indonesia. This is a normati...
Consistent Environmental Performance: Does It Matter for Achieving Good Financial Performance?
This study examines the impact of environmental performance on financial performance in Indonesia. To improve the prior results, this study focuses on companies that consistently achieve good environmental performance an...