Abstract:
This paper analyzes how changes to the global organization of capitalism
accompanied and intensified by globalization through HRM policies, which affect
the regulation of labor and the employment relationship. One of the most significant
of these changes has been the dramatic increase in the rate of cross-border merger
and acquisition activity. Of equal significance, especially for the regulation of labor
and the employment relationship has been the pronounced tendency of global
enterprises to transform themselves into coordinators and organizers of activities
performed for them by contractors, sub-contractors and suppliers. Outsourcing and
subcontracting have allowed global enterprises to reduce and externalize the costs
incurred from the direct employment of labor. The growing dominance of Human
Resource Management (HRM) in the regulation of labor and the employment
relationship has occurred in tandem with the increasing flexibilization of labor.
Some aspects of this are exemplified through the increasing trend in part time labor
and eradication of gender bias in the garments industry as well as part time
employment and flexi time in the rapid emergence of private educational sectors in
Bangladesh. In addition, some thoughts on the growing HR system in Bangladesh
are discussed with emphasis on the main characteristics of its workforce.
