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Performance Evaluation of Hr Practices in Rmg Sector

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Submitted By khairulkhan21
Words 9509
Pages 39
Chapter One
01
Introduction

1

Introduction
In recent years, the Garments sector has emerged as the biggest earner of foreign currency in
Bangladesh. Over the last years, Ready Made Garments (RMG) sector experienced impressive growth rates and specifically knitwear products are in high demand by the USA and European markets. The sector contributes significantly to the GDP. It also provides employment to around
4.2 million Bangladeshis. In the field of Industrialization garment industry is a promising step for economy of Bangladesh. In the 1980s, there were only 50 factories employing only a few thousand people. Currently, there are 4490 manufacturing units. The RMG sector contributes around 76 percent to the total export earnings. This sector also contributes around 13 percent to the GDP, which was only around 3 percent in 1991. Of the estimated 4.2 million people employed in this sector, about 50 percent of them are women from rural areas. The garment sector is the largest employer of women in Bangladesh. The garment sector has provided employment opportunities to women from the rural areas that previously did not have any opportunity to be part of the formal workforce. This has given women the chance to be financially independent and have a voice in the family because now they contribute financially.
The country’s garments industry grew by more than 15 percent on average during last 15 years.
The foreign exchange earrings and employment generation of the Garments industry are increasing day by day.
On the other hand, the term “Human resource” is a broad concept. Its meaning is the management of an organization's employees. While human resource management is sometimes referred to as a "soft" management skill, effective practice within a company requires a strategic focus to ensure that people resources can facilitate the achievement of

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