Dynamics of Labour Force for Human Resource Management: A Local Economy Perspective in Bangladesh
Journal of Human Resource Management
Volume 2, Issue 6-1, December 2014, Pages: 1-11
Received: Oct. 22, 2014; Accepted: Oct. 30, 2014; Published: Nov. 5, 2014
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Authors
Jayanta Kumar Basak, Department of Environmental Science and Hazard Studies, Noakhali Science and Technology University, Noakhali, Bangladesh
Suban Kumar Chowdhury, Department of Natural Sciences, Daffodil International University, Dhaka, Bangladesh
Masum Miah, Department of Business Administration, Noakhali Science and Technology University, Noakhali, Bangladesh
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Abstract
The trends of creation of new employment is essential to understand for human resource management because of the activities, policies, and practices of any organization involved in obtaining, developing, utilizing, evaluating, maintaining, and retaining the appropriate number and skill mix of employees. Therefore, the study has sought to provide an understanding on the issues and options involved in the characteristics included in broad sector of employment and employed population by major occupation, level of education, and occupation by sector of employment, employment by industry, status in employment etc. Moreover, the current research has explored the changing pattern of labour market in different points of view for both male and female workers. To achieve the aims of the study, data from Labor Force Survey (LFS) conducted by the Bangladesh Bureau of Statistics (BBS) during the period of 1999 to 2010 have been used. The study showed that the rate of growth in unemployed population was higher than the employed population which might create an extra pressure in labour market. Moreover, it is also found that acute skill shortage is another particular concern which is affecting labour market. The main reason beyond not only the education levels of the workforce are low, but the education and vocational training are not maintained towards the markets needs. Therefore, creating productive employment opportunities will be imperative for sustained economic growth as well as to achieve optimal productivity and effectiveness.
Keywords
Labour Force, Human Resource Management, Employment, Labour Market
To cite this article
Jayanta Kumar Basak, Suban Kumar Chowdhury, Masum Miah, Dynamics of Labour Force for Human Resource Management: A Local Economy Perspective in Bangladesh, Journal of Human Resource Management. Special Issue: International Human Resource Management. Vol. 2, No. 6-1, 2014, pp. 1-11. doi: 10.11648/j.jhrm.s.2014020601.11
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