Analysis of these 17 factors indicates that the nine factors i.e. working hours, wages & benefits, discrimination, harassment & abuse, leave & holidays, workplace conditions, forced labour, welfare, and employment relations are most significantly effect on employee productivity
How to Develop Compliance with Sustainable Practice in RMG IndustryAmatun Noor
As, Compliance is most essential term in RMG industry, it is required to maintain in sustainable way, to increase Global Image & Recognition for the Performance, which requiring for doing business in long term. This presentation has been stating on how company can co-relate the compliance practices with the Sustainability.
How to Develop Compliance with Sustainable Practice in RMG IndustryAmatun Noor
As, Compliance is most essential term in RMG industry, it is required to maintain in sustainable way, to increase Global Image & Recognition for the Performance, which requiring for doing business in long term. This presentation has been stating on how company can co-relate the compliance practices with the Sustainability.
Recruitment and Selection at Aviva Life InsuranceProjects Kart
The MBA project titled “RECRUITMENT AND SELECTION” Undertaken in AVIVA life insurance.
AVIVA is a UK based insurance group. It has a long history dating back to 1834 and has a joint venture with DABUR groups. Aviva holds a 26 per cent stake in the joint venture and the Dabur group holds the balance 74 per cent share.
It is one of the leading providers of life and pensions products to Europe and has substantial businesses elsewhere around the world.
The project report is about recruitment and selection process that‟s an important part of any organization. Which is considered as a necessary asset of a company? In fact, recruitment and selection gives a home ground to the organization acumen that is needed for proper functioning of the organization.
Job analysis is the formal process of identifying the content of a job in terms activities involved and attributes needed to perform the work and identifies major job requirements.
The main purposes of conducting job analysis is to prepare job descriptions and job specifications which in turn helps hire the right quality of workforce into an organization
Job analysis aims to answer questions such as:
Why does the job exist?
What physical and mental activities does the worker undertake?
When is the job to be performed?
Where is the job to be performed?
How does the worker do the job?
What qualifications are needed to perform the job?
What are the working conditions (such as levels of temperature, noise, offensive fumes, light)
What machinery or equipment is used in the job?
What constitutes successful performance?
Industrial relations are the relationship between management and employees or among employees and their organization. Industrial relation deal with either the relationships between the state and the employers and the workers organization or the relation between the occupational organizations themselves. The ILO uses the expression to denote such matters as freedom of association and the protection of the right to organize, the application of the principles of the right to organize, and the right of collective bargaining, collective agreements, conciliation and arbitration and machinery for cooperation between the authorities and the occupational organizations at various levels of the economy.
The term Industrial Relations refers to relationship between Management and Labor or among Employees and their organizations that characterize or grow out of employment. Theoretically speaking, there are two parties in the employment relationship labor and management. Both parties need to work in a spirit of cooperation, adjustment and accommodation. In their own mutual interest certain rules for co-existence are formed and adhered to. Over the years, the State has also come to play a major role in Industrial Relations one, as and initiator of policies and the other, as an employer by setting up an extremely large public sector.
Recruitment and Selection at Aviva Life InsuranceProjects Kart
The MBA project titled “RECRUITMENT AND SELECTION” Undertaken in AVIVA life insurance.
AVIVA is a UK based insurance group. It has a long history dating back to 1834 and has a joint venture with DABUR groups. Aviva holds a 26 per cent stake in the joint venture and the Dabur group holds the balance 74 per cent share.
It is one of the leading providers of life and pensions products to Europe and has substantial businesses elsewhere around the world.
The project report is about recruitment and selection process that‟s an important part of any organization. Which is considered as a necessary asset of a company? In fact, recruitment and selection gives a home ground to the organization acumen that is needed for proper functioning of the organization.
Job analysis is the formal process of identifying the content of a job in terms activities involved and attributes needed to perform the work and identifies major job requirements.
The main purposes of conducting job analysis is to prepare job descriptions and job specifications which in turn helps hire the right quality of workforce into an organization
Job analysis aims to answer questions such as:
Why does the job exist?
What physical and mental activities does the worker undertake?
When is the job to be performed?
Where is the job to be performed?
How does the worker do the job?
What qualifications are needed to perform the job?
What are the working conditions (such as levels of temperature, noise, offensive fumes, light)
What machinery or equipment is used in the job?
What constitutes successful performance?
Industrial relations are the relationship between management and employees or among employees and their organization. Industrial relation deal with either the relationships between the state and the employers and the workers organization or the relation between the occupational organizations themselves. The ILO uses the expression to denote such matters as freedom of association and the protection of the right to organize, the application of the principles of the right to organize, and the right of collective bargaining, collective agreements, conciliation and arbitration and machinery for cooperation between the authorities and the occupational organizations at various levels of the economy.
The term Industrial Relations refers to relationship between Management and Labor or among Employees and their organizations that characterize or grow out of employment. Theoretically speaking, there are two parties in the employment relationship labor and management. Both parties need to work in a spirit of cooperation, adjustment and accommodation. In their own mutual interest certain rules for co-existence are formed and adhered to. Over the years, the State has also come to play a major role in Industrial Relations one, as and initiator of policies and the other, as an employer by setting up an extremely large public sector.
A Study on Awareness and Satisfaction towards Employee Welfare MeasuresDr. Amarjeet Singh
The employees are considered as major resources
of all organisations including service as well as
manufacturing industries. So in the present day of business
world, the companies are giving more benefits to their
employees and maintaining good standard measures to
make them satisfy in the organisation. The present study is
on the above subject which studies the welfare measures.
Therefore the reason of the study is to find out how welfare
measure are provided by the private organisation and how
the employees are satisfied with the company
accommodation given to the employees which plays a very
important role in the employee satisfaction and their life in
the organization. The study found that the employee welfare
measures are highly satisfactory in their concern which was
done through perfect analysis & interpretation. This study
would be helpful for the company and also to improve some
welfare and safety activities inside the company.
In recent year, labor unrest in RMG sector of Bangladesh has been a matter of serious concern. It
is the highest foreign exchange earning sector. It has been able to create employment opportunities
for about few millions of people, most of whom are poor, uneducated and unskilled women from
the rule area. But this sector is infested with a number of problems. Labor unrest is one of them.
For collecting data the study has used questionnaire and interview method. The major causes of
labor unrest irregularities in payment, low wage, absence of trade unionism, non-execution of labor
lows. In key issues regarding labor unrest sector, investigating the incidents of labor unrest,
bridging, gap between the factory owners and workers and improving low and order situations.
Stakeholder Roles In Improving Occupational Health and Safety (OHS): A Case S...CSCJournals
Deplorable working environment raised public scrutiny in many developing countries of the world. To Ensure social responsibilities of business, worker rights, safe working environment in the factories, different stakeholder groups work together to do business uninterruptedly in many sectors including garment industry. The article presents a conceptualization of stakeholder theory on Occupational Health and Safety in the Bangladesh Ready-made Garment Industry (RMG) that emphasizes the role and possible contribution of the stakeholders. The paper finds that establishing good relationship between owners and workers, ensuring good governance, building brighter image of the sector to the world, and taking sustainable reform initiatives are main challenges facing the Bangladesh RMG sector in improving the current working environment. Stakeholders can contribute significantly to improve the situation. It is found that government and garment owners can play prime roles while other stakeholders also have good space for improving safety issues from their standpoints.
The lower place India has as a destination for business investments in India, necessitated overhaul of the existing systems. Make in India campaign, also warranted reforms to make industry structures flexible and employees more productive. While industry associations demand removal of restriction on hiring and firing, reduction of pressures on compensation, bonus and social security, and continuity in operations without strike, union leaders are demanding protection to contract labour, continuation of social security benefits and payment of bonus and freedom to oppose erring employers. Besides central government, state governments like Rajasthan and Maharashtra have announced a slew of reforms in relation to Factories act, Contract Labour act and Industrial disputes act. The approach of the governments is termed by political parties and labour unions anti-labour. There is a demand to involve stakeholders in the process of reforms.
CII is very enthused by the Government’s plan in taking up Labour Law Reforms as one of the key focus areas as part of its growth agenda. We believe that the speed with which the new Government has initiated reform process in the labour law space will have a rippling effect on the twin objective of employability and job creation.
CII is a strong votary of key labour law reforms. CII believes that only a flexible, competitive and efficient labour law can catalyze investment, growth and employment. It is important that apart from reforms in key sectors a healthy business climate is created. The new government has already initiated these steps very aggressively and we can safely say that these processes will generate its impact very soon.
The September issue of Policy Watch takes an in-depth look at the Labour Law Reforms and has outlined some specific recommendations, which will have a big impact on the economy especially the manufacturing sector and will help in realizing the Prime Minister’s vision of “Make-in-India”.
BIZGrowth Strategies - The Great Resignation Special EditionCBIZ, Inc.
The Great Resignation continues to plague organizations across the country. It has exacerbated a host of employer challenges, including attraction, retention and engagement of top talent, as well as mitigating new risks. Our experts have developed these articles and linked resources to help your organization combat the mass employee exodus.
LABOUR MANAGEMENT IN CONSTRUCTION MANAGEMENT IN THE DEVELOPING COUNTRIESIAEME Publication
A number of assumptions will have been made in the tender on the likely make-up of the
labour force. Reconsideration of these is one of the key activities in the mobilization period.
Environemtnal influences on hrm-Stages of Analysis,Environmental Factors,Tanjin Tamanna urmi
Scanning: Identify early signals of changes and trends.
Monitoring: following some key indicators affecting organizations.
Forecasting: an attempt to protect the possible impacts on the organization.
Assessing: describing the impact monitored trends and make a adjustment of the possible outcomes.
Start with the value of an all equity firm
Sources of potential increases or decreases in value
PV of tax shields
PV of other benefits or costs of leverage
PV of benefits or costs of control changes
PV of benefits or costs from M&As
Exchange offer mechanics
Provides one or more classes of securities, right or option to exchange part or all of holdings for different class of securities of firm
Terms of offer involve new securities of greater market value than pre-exchange offer announcement market value to induce security holders to accept offer
corporate governance and performance--Corporate Governance Systems in the Uni...Tanjin Tamanna urmi
Corporate Governance Systems in the United States
Limited liability public corporation
Diffuse ownership of voting equity shares
Large number of individual share owners
Internal Control Mechanisms
Role of the Board of Directors
Ownership Concentration
Executive Compensation
Alternative Governance Systems
Europe is moving toward a common market
Globalization and increased intensity of international competition
Rapid technological change
Consolidation of major industries
Forces Driving Cross Border Mergers
Going private — transformation of a public corporation into a privately held firm
Leverage buyout (LBO) — purchase of a company by a small group of investors using a high percentage of debt financing
Investors are outside financial group or managers or executives of company
Management buyout (MBO) — leveraged buyout performed mainly by managers or executives of the company
share repurchases-cash offers for outstanding shares of common stockTanjin Tamanna urmi
Share repurchases are cash offers for outstanding shares of common stock
Share repurchases change the book capital structure of the firm by reducing the amount of common stock
Investment returns measure financial results of an investment.
Returns may be historical or prospective (anticipated).
Returns can be expressed in:
($) dollar terms.
(%) percentage terms.
Typically, investment returns are not known with certainty.
Investment risk pertains to the probability of earning a return less than expected.
Greater the chance of a return far below the expected return, greater the risk
Time lines
Future value / Present value of lump sum
FV / PV of annuity
Perpetuities
Uneven CF stream
Compounding periods
Nominal / Effective / Periodic rates
Amortization
Analysis of Financial Statements.(Ratio analysis, Du Pont system ,Effects of ...Tanjin Tamanna urmi
Five Categories of Fin. Ratios
Liquidity: Ability to meet current obligations
Asset Mgmt: Proper & effective use of assets
Asset utilization (i.e., Total Asset Turnover Ratio:
TAT = Sales / T. Assets
Debt Mgmt: extent of debt & level of safety afforded creditors
Debt utilization (i.e., Equity Multiplier:
EM = T. Assets / T. Eqty
Profitability: reflects effects of liquidity, asset mgmt, & debt on operating results
Expense Control: Profit Margin:
PM = Net Income / Sales
Market Value: indicators of what investors think of firm’s past results & future prospects
Book pdf- Working capital management ( cost of capital and working capital)Tanjin Tamanna urmi
The termworking capitaloriginated with the old Yankee peddler who would load
up his wagon and go off to peddle his wares. The merchandise was called
“working capital”because it was what he actually sold, or“turned over,”to
produce his profits. The wagon and horse were his fixed assets. He generally
owned the horse and wagon (so they were financed with“equity”capital), but he
bought his merchandise on credit (that is, by borrowing from his supplier) or with
money borrowed from a bank. Those loans were calledworking capital loans,and
they had to be repaid after each trip to demonstrate that the peddler was solvent
and worthy of a new loan. Banks that followed this procedure were said to be
employing“sound banking practices.”The more trips the peddler took per year,
the faster his working capital turned over and the greater his profits
Strategic International HRM- activities targeting HRM at the international ...Tanjin Tamanna urmi
Strategic International HRM-activities targeting HRM at the international level
It involves projecting global competence supply, forecasting global competence needs, and developing a blueprint to establish global competence pools within companies, so that the supply of managers worldwide will be sufficient to meet with the MNC’s global strategies.
Succession management-identifying and developing new leaders Tanjin Tamanna urmi
Succession management is the process of ensuring that pools of skilled employees are trained and available to meet the strategic objectives of the organization.
It consists of identifying employees who have the potential to assume key positions in the organization and preparing them for these positions.
Succession management continuity in leadership develop the next generation of players
The change agent- the facilitator, educator, adviser of the changeTanjin Tamanna urmi
A change agent is the facilitator, educator, adviser of the change. He/she helps the sponsor and the implementers stay aligned with each other. The change agent acts as data gatherer, meeting facilitator and coach.
He/she is a person from inside or outside the organization who helps an organization transform itself by focusing on such matters as organizational effectiveness, improvement, and development.
Effective change agents demonstrate extraordinary versatility within a broad skill set.
Leading Change and emotional intelligence— creating experiences for people t...Tanjin Tamanna urmi
Leading change requires creating experiences for people that reveal new possibilities, while uniting them to drive strategies that harness the resources to win in the marketplace. It requires optimizing the culture of an organization while making investments to drive business growth – simultaneously
Leading others through change effectively is a key leadership capability because it enables organizations to accelerate change initiatives and involve the entire organization in identifying, implementing, and sustaining important changes initiatives that will ensure the organization's long-term success.
Organizational change making things different in organizationTanjin Tamanna urmi
The concept of organizational change is in regard to organization-wide change, as opposed to smaller changes such as adding a new person, modifying a program, etc. Some experts refer to organizational transformation. Often this term designates a fundamental and radical reorientation in the way the organization operates.
Change affects everybody, every business, every industry, every day. If you want to create a better future and succeed in your professional and personal life, you must understand the driving forces of change and how to lead, embrace and manage change.
SHRM is concerned with decisions about HR practices, the composition and behaviors of employees, and the effectiveness of these decisions.
These strategic process is comprehensive, planned and contribute to the success of the organization and has long-term value creating potentiality. SHRM is the management of HR philosophies, policies, and practices to enable the achievement of the organizational strategy.
Generally, these philosophies, policies, practices, develops a system to attract, develop, utilize, and retain employees for smooth functioning of the organization.
Generally change means making things different, to replace with another, growth opportunities. Change is life. If there was no change, we would not exist. Change is inevitable. In today's world, the only thing which is inevitable for all of us is constant change .As we progress from child through adulthood to old age, change happens, whether we like it or not.
The Bangladesh Labor Act, 2006, consolidates and amends the laws relating to employment of labor, relations between workers and employers, payment of wages and compensation for injuries to workers, and other matters related to labor.
BLC 2006 have a uniform purpose: they protect employees' rights and set forth employers' obligations and responsibilities. The primary functions of BLC 2006 is to provide equal opportunity and pay, employees' physical and mental well-being and safety, and workplace diversity.
Safety management Issues in construction industry of BangladeshTanjin Tamanna urmi
Despite of being a developing country Bangladesh has investment in construction industry which includes commercial, residential and multipurpose building projects etc. Workplace safety is a significant global issue, and in particular, the construction industry is over represented in workplace injury and death statistics
Physical and psycological impact of child labour on childrenTanjin Tamanna urmi
The aim behind this presentation is to To know the reasons behind child labor and how it affects physically and Psycologically on children also society, present situation of child labor in Bangladesh, measures available to stop it, and other related issues.
3. “We define social compliance as
looking at wages and benefits,
labor rights, discrimination against
gender or vulnerable groups,
health, and emergency planning,”.
“This is the official APSCA
definition of a social compliance
audit: a way of evaluating,
measuring, understanding, and
reporting an organization’s social
and ethical performance. A social
compliance audit is intended to
support part of a larger system to
improve labor conditions.”Rona Starr, President and CEO of the
Association of Professional Social
Compliance Auditors (APSCA).
4.
5. Employee productivity, also called workplace
productivity, is an assessment of an employee's or a
group of employees' efficiency.
Of course, when an employee is productive, it also
contributes other benefits to the company.
When employees are productive, it can increase
the company's revenue, and in turn, a company may
choose to offer incentives to its employees.
Productive employees can also benefit customers
because highly productive employees provide
speedier and higher-quality customer service.
6. A Case Study of Employees’ Performance at Prime Group Vietnam
[Published in-Journal of Human Resources Management Research]
7. Importance of compliance for Employee
Productivity
It is necessary for businesses to build a compliance program,
educate employees about what they can or cannot do, and set
consequences for violation.
It is necessary for businesses to build a compliance program,
educate employees about what they can or cannot do, and set
consequences for violation.
The need for compliance in the workplace is, first and foremost,
to reduce risks especially in companies where employees are
exposed to tasks with high rates of injuries. The most commonly
found area where strict compliance is present is in construction
companies where workers are trained in safe procedures to reduce
industrial accidents. In those companies, employees’ understanding
of and compliance with procedures are utmost important
9. Some social compliance which affect the
worker’s productivity
[According to the Bangladeshi RMG
sector]
10. RMG Sector in Bangladesh
Ready-Made Garment (RMG) industry of Bangladesh has
secured the
top position for foreign currency earnings today and has
created 4 million people's employment opportunities into
the country . This sector has grownup exponentially over
the last 3 decades. Now, it is considered as lifeblood of the
nation's economic progress. Despite its phenomenal
success, this industry is facing numerous challenges
including two core issues which are low productivity of
workers and social compliance
11. 1.Wages and Benefits:
Bangladesh Government has revised minimum
wages for RMG workers time to time .
However, many researchers found that a
very common picture exists in most of the
RMG companies which are irregular , delay
(sometimes up to 2 months), half-paid, and
even in many companies’ employees need to
keep one month’s wages as depository money
for ensuring that employees will not leave
the job without information and sometimes
workers don’t get their money back (N.
Ahmed 2006).
2.Freedom of Association and Collective
Bargaining: ILO conventions and BLL permits
workers to form and join to trade union.
However, the owners of the company don't
allow trade union activities for the garment
workers. Sometimes, RMG employers sack
the workers in case of joining trade unions
and it is also observed that a total of only
1.2% garment employees are unionized
12. 4.Working Hours: As per Bangladesh labor law
2006 daily working hours for RMG worker is 8 hours
and additional 2 hours can be employed on the
voluntary basis as over time. Over time calculation
would be just double of normal working hours (GTZ.
2007). Despite that legal provision (S.Rahman 2004)
reported that workers are forced to work
more than 10 hours per working day in most of the
garment premises.
3.Workplace Conditions: The cheap labor force of
Bangladesh has attracted global buyers to invest in
RMG sector but the low priced labor normally represent
degraded working conditions and this is undeniable
that the working atmosphere in RMG industry is
unsatisfactory .The workers of this industry are
undoubtedly exploited and the working conditions are
distant to comply with the International Labour
Standards (ILS).
13. 5.Management System: The management practices in RMG
sector are unsatisfactory except minor exceptions. Some of the
poor HRM practices found in the case of job turn out,
absenteeism, job gradation, recruitment and selection, training,
performance appraisal. It is also assumed from the study that
the garment company maintains HRM but it is bookish in
nature and practical application of different areas of HRM is
hardly visible. Evidence shows that garment companies which are
owned by the non-Bangladeshi citizens are conscious of
HRM practices than Bangladeshi citizens owned company .
14. 6.Leave and Holidays: (GTZ. 2007b) reported that as per Convention Bangladeshi
labor law 2006, workers are entitled to enjoy 14 days of sick leave, 22 days annual
leave, 11 days festival holidays, and 10 days casual leave in a calendar year . But the
respondents of this study reported that workers get the sick leave with wages subject to
have proof of medical certificate but most of the workers don’t know about their festival
earn / annual leave. Many companies does not provide appointment letter to their
workers which an enduring problem.
7.Welfare: The welfare facility in RMG sector in Bangladesh includes the housing facility,
educations for workers' children,allowances, transportation, child care, medical care,
recreational facility , hygienic urinals, and toilets facility , insurance, on time bonus,
overtime payments, and food etc. the garment factories belong to Chittagong city of
Bangladesh give various kinds of welfare facilities as per the prescribed rules and regulation
of the government .
15. 8,Harassment and Abuse: Penalties for
mistakes, verbal abuse, and failure to attain
production targets are the common
harassment.Women garment workers in Bangladesh
suffer a duplex strain when it drives to sexual
harassment. Abuse or harassment of employees is
more
customary in Bangladeshi garment factories than
anywhere else
9.Forced Labour: As per BLL 2006, forced labor
is prohibited. Nonetheless, the laws are poorly
enforcing to the garment industry. Forced labor is
prevailing all parts of the country except some large
scale companies (ICFTU 2006).
16. 10.Employment Relations:Industrial relations
concept gradually changing which is now
progressively known as employee relations or
employment relations. But the RMG industry is now
in crisis due to repetitive labor unrest. the core
problem addressed that behind this unrest is the
lack of intra–organizational relationship.
11.Safety: The significant success and progress of
garment industry in Bangladesh has failed to ensure the
worker's safety and security into the workplace garment
factories are working with poor physical and social
compliance that results in more than 2000 workers death
by fire incidents in last 10 years