Problems and challenges of Human Resource Management: A study of private sector of Bangladesh

Abstract

After the liberation war the private sector of Bangladesh has been grown rapidly. A great number of Human resources are engaged in this sector. The development of organizational growth and development of Human resource depends on the Human Resource management .Human Resource management is a not an old concept in Bangladesh. The purpose of the study was to find out the problems and challenges of HRM of Bangladesh private sector and identify the sources and consequences of those problems and challenges. Different types of problems and challenges of Human Resource management are creating obstacles in ensuring efficient and skilled employees in private organization and Survival of any private organization depends on capability of the organization to tackle the problems and challenges of Human Resource Management. On the basis of these two hypotheses the study was done. The study tried to identify practice of Human Resource Management of private organizations, their problems, challenges, and common practices and how they solve these problems and challenges. The Study also identified the sources of those problems and their effect on organizational growth and survival. This is an investigative study to examine the problems and challenges of HRM of Bangladesh private sector. A mixture of quantitative and qualitative methods was used for the study. The primary data were the main source of information to get a comprehensive picture of reality. Secondary data were acquired from different sources including newspapers, website, books and journals. Based on the experimental evidences this study indicates many factors of HRM of private sector of Bangladesh. The most of the organizations do not have sound recruitment and selection process. Employee motivation rate among organizations are average to below average. Working environment is unsafe and career is insecure. Organizational politics, lack of reorganization and reward, lead employees to switch other organization. Training program is not appropriate and selection process of training is not impartial. Performance based salary, increment and promotion is not practicing which creating depression among employees. Team building, organizational citizenship, strategic planning is only found in big organization. Lack of skilled manpower and weak HR department are two major finding of this research .So these problems and challenges of HRM are even sometime responsible for organizational decline. From this study it is clear the Human Resource Management of private sector of Bangladesh has various problems and challenges and survival or organization depends on solving these problems.