Human Resource Management (HRM) is a way of management that links people-related activities to the strategy of a business or organization. HRM is often referred to as "strategic HRM". This includes employment and arbitration in accord with the law, and with a company's directives. Most of the cases in the organization are not so much concerned about the employee management, but employees are the heart of the organization. This important portion of an organization in a precise is conducted by a person called Human Resource Manager.
Although the background of Human Resource Management is not so matured, it creates an importance within the organization. Day by day it makes a challenging career in our country perspective. In this new millennium has bought new challenges for the HR professions. As we move into the 'new economy', the focus on people and knowledge has steadily increased. Today, companies face new challenges in dealing with issues such as the scarcity of talent, the value of ideas/knowledge and the changing preferences of the labor market. Consequently, successful HR strategies are needed more than ever.
To fulfill this need the HR managers more or less have to face some constraint. Now being a contemporary issue of problems and prospects of Human Resource professions we have consider it as our topic.
The First objective of preparing this report was to fulfill the course requirement. The other objective was to identify the problems and prospects of Human Resource professions.
During preparing this report there were time, cost and resource limitation. So, we can not perform the research for the term paper precisely. 1. Methodology
The information of this study is basically collected from primary data where we tried our best to find out “The Challenges of Human Resource Management in Bangladesh” by surveying the related people (HR manager) and students. For the purpose of this survey, we use mixed questionnaire method included open and close ended questions. Therefore, some of the information collected from secondary data through internet browsing.
For the analytical purpose, here we used “pie”, “bar” and “column” diagram through which we tried to find out what types of challenges HR manager faces and the percentage of HR manager who faces these kinds of problems on the perspective of Bangladesh.
2. Reviewing the Literature
Researcher Dr. Alvin Chan at a research forum in Asia an Advisor for several organizations such as Cambridge PI (Europe) and Tumble Tots (Singapore and Asia-Pacific) did a research on the article “HRM Singapore Asia motivation tumble”. In his research he found the problem and challenge of HRM. The finding of his research was the challenges of workplace diversity. The future success of any organizations relies on the ability to manage a diverse body of talent that can bring innovative ideas, perspectives and views to their work. The challenge and problems faced of workplace diversity can be turned into a strategic organizational asset if an organization is able to capitalize on this melting pot of diverse talents. If the organizational environment does not support diversity broadly, one risks losing talent to competitors. This is especially true for multinational companies who have operations on a global scale and employ people of different countries, ethical and cultural backgrounds. The challenge of workplace diversity is also prevalent amongst Singapore’s Small and Medium Enterprises. The HR professional must assure the local professionals that these foreign talents are not a threat to their career advancement (Toh, 1993). In many ways, the effectiveness of workplace diversity management is dependent on the skilful balancing act of the HR manager. One of the main reasons for ineffective workplace diversity management is the predisposition to pigeonhole employees, placing them in a different silo based on their...