Impact of Trade Union on the Performance of Organization
Chapter 1
1.1 Introduction:
Being the biggest contributor to the country's foreign exchange- around 76 percent- and employing around 2.2 million people, 80 percent of them women, the importance of nurturing a sector as vibrant and thriving as the garments industry, cannot be emphasized enough. With export of Ready Made Garments (RMG) reaching 9.2 billion in 2007 and predictions of it rising to 12 billion or more in the next two years, it is obvious that the industry is growing at an exponential speed. Greater demand for our garments abroad indicates the improvement in quality of the products as well as greater customer confidence, which translates to further expansion of the industry, more employment, more consumers in the domestic market and a huge boost to the economy.
It is very important for the workers to interact with the management. That would let both the parties to understand each other and solve the ever-rising problems. Workers need to be trained, educated and updated on a regular basis as well. This is the responsibility of the garment owners. This would also lead to a better level of productivity in the industry. The owners can fund these training programmers and the resources required for the programmers as well. Every year, a good amount goes to welfare, charity and advertisements. Even a small percentage of this amount can be spent on the workers for training and vocational education.
1.2 Objective of the study:
The main objective of the study is to know the reasons behind the labor unrest, activities of Trade union and their impact on the organizations performance. Our main goal is to know why Trade Unions are being acting in such destructive way in Bangladesh because of remuneration or work environment, conditions, hours etc. To compare the satisfaction level of the employees we went into two companies for better analysis and comparison.
1.3 Methodology of the study:
The data are being collected in two ways:
1) Primary Source.
2) Secondary
1.1 Introduction:
Being the biggest contributor to the country's foreign exchange- around 76 percent- and employing around 2.2 million people, 80 percent of them women, the importance of nurturing a sector as vibrant and thriving as the garments industry, cannot be emphasized enough. With export of Ready Made Garments (RMG) reaching 9.2 billion in 2007 and predictions of it rising to 12 billion or more in the next two years, it is obvious that the industry is growing at an exponential speed. Greater demand for our garments abroad indicates the improvement in quality of the products as well as greater customer confidence, which translates to further expansion of the industry, more employment, more consumers in the domestic market and a huge boost to the economy.
It is very important for the workers to interact with the management. That would let both the parties to understand each other and solve the ever-rising problems. Workers need to be trained, educated and updated on a regular basis as well. This is the responsibility of the garment owners. This would also lead to a better level of productivity in the industry. The owners can fund these training programmers and the resources required for the programmers as well. Every year, a good amount goes to welfare, charity and advertisements. Even a small percentage of this amount can be spent on the workers for training and vocational education.
1.2 Objective of the study:
The main objective of the study is to know the reasons behind the labor unrest, activities of Trade union and their impact on the organizations performance. Our main goal is to know why Trade Unions are being acting in such destructive way in Bangladesh because of remuneration or work environment, conditions, hours etc. To compare the satisfaction level of the employees we went into two companies for better analysis and comparison.
1.3 Methodology of the study:
The data are being collected in two ways:
1) Primary Source.
2) Secondary