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Effects and management of workforce diversity, globalization and technological innovation on working environment of MNCs: A Bangladeshi Perspective
1. Effects and management of
workforce diversity, globalization
and technological innovation on
working environment of MNCs:
A Bangladeshi Perspective
Term Paper Presentation
Instructor: Dr. Sumayya Begum
Faculty of Business Studies
Bangladesh University of Professionals
2. Group: One
Member’s Name Roll No.
Taposh Ranjan Sarker M17232043
Najiah Tehami Hasan M17232026
Md. Adib Ibne Yousuf M7232003
Md. Rashedul Islam M17232013
3. Objectives
To analyze effect of workforce diversity on
organizations
To identify how HR managers managing these
challenges
To compare organizations regarding their policies on
diversity management
7. Methodology
Our paper aims to examine the effect and management of
workforce diversity, globalization and technological
innovation in MNC of Bangladesh. The study adapted
qualitative and quantitative (mixed method) approach
utilizing survey methodology field base analysis.
** Effectiveness of feedback mechanisms and diversity management programs was measured using 3
point Likert Scale; ranging from 1 for low and 3 for high.
9. Scopes and Limitation
We have visited on MNCs and get connected with people
of different background
The study have considered only ten MNCs though there
are many MNCs operating in Bangladesh, the number of
respondents were only 10. If those limitations are besieged,
the findings consequence might be dissimilar.
10. Data Analysis
Factors we have emphasized ---
Diversity Goals and Objectives
Techniques to achieve diversity goals and objectives
Diversity Strategies
Dimensions of Diversity
Feedback Mechanisms
21. HRIS Practices
Human Resource Information System
According to the opinion of the HR managers, about
69% of the challenges faced by the MNCs of
Bangladesh are adapting with this digital system that
means the traditional HRM to e-HRM.
22. IHRM Practices
International Human Resource Management
About 65% of the challenges faced by human resource
personnel are of this type as the different multinational
practices regarding human resource functions
significantly change the total human resource practices
of the MNCs of Bangladesh.
23. Benefits of Diversity
Management
Particulars Response
Enlarging cultural values 80%
Intensifying Corporate reputation 90%
Creativity among employees 80%
Attract and retain talented people 70%
Overcome Labor shortage and turnover 60%
Enlarge Global management capacity 70%
Enhanced service level and customer satisfaction 60%
24. Recommendations
MNCs should make a clear human resource policy,
strong interpersonal communication to employees
They should train employees by introducing them to the
concept of GHRM to perform better in the global
organization context
* GHRM : Global Human Resource Management
Editor's Notes
In recent times, most of the companies of Bangladesh facing challenges like workforce diversity, globalization and technological innovation. Our objective is to ---
Workplace diversity refers to the variety of differences between people in an organization.
Globalization --- the process by which businesses or other organizations develop international influence or start operating on an international scale.
The technological innovation system is a concept developed within the scientific field of innovation studies which serves to explain the nature and rate of technological change.A Technological Innovation System can be defined as ‘a dynamic network of agents interacting in a specific economic/industrial area under a particular institutional infrastructure and involved in the generation, diffusion, and utilization of technology
The workforce diversity management practices have been examined in terms of processes, diversity strategies, dimensions of diversity, feedback mechanisms, management commitment, accountability and employee involvement policies, diversity indicators, and benefits of diversity. The diversity management practices are performed surrounding some specific goals, and some particular processes (mentoring, training, work life, recruitment, management involvement) and strategies are executed to achieve those goals and objectives. The study also finds out some important dimensions (gender, age, religion) and feedback mechanisms (training evaluation, feedback systems, employee survey, customer input, one-on-one interview) of workforce diversity that should be addressed properly to get . The management should put in place accountability policies and employee involvement policies which would increase the competitive advantage in the organizations.