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Metropolitan Chamber and Commerce and Industry (MCCI) and the Ernst and Young of India jointly initiated Thursday a survey on Human Resource (HR) practice in the country.
The objective of the survey is to find out the existing HR conditions in the country's corporate world and to look for the ways to improve the situation.
The joint survey project was launched at a ceremony, held at a city hotel, with MCCI President Latifur Rahman in the chair.
President of the International Chamber of Commerce (ICC)-Bangladesh Mahbubur Rahman and UNDP Country Representative Renata Lok Dessallien spoke at the inaugural session as special guests.
N S Rajan, partner-Human Capital of the Ernst and Young and Madhukar Shukla, professor of the Organisational Behaviour and Strategic Management, XLRI of India presented papers on HR at the inaugural session.
In his inaugural speech, Latifur Rahman said as business environment is getting more and more competitive and increasingly global, quality human resource is becoming an integral part of success of business.
"With quality human resources, a country will have virtually limitless opportunities in the borderless online market place. Accordingly, no HR policy or practice can afford to be static or bureaucratic. Successful HR policies have the hall-mark of dynamism, flexibility and team organisation," he said.
He said though the economy of Bangladesh is overwhelmingly internationalised, no systematic study has been undertaken so far to ascertain the skills, which will be required for business success.
Mahbubur Rahman said HR issues are increasingly becoming important throughout the corporate world.
"The traditional HR functions of staffing, recruiting, compensation and benefits are being replaced by a new generation of value-added core HR functions that include progressive HR measures such as high-involvement work practices, training, strategic work force planning and organisational continuous improvement programmes," he said.
He mentioned some factors for a successful HR management that include communication, continuous improvement, cultural consciousness, customer focus partnering, interdependence, risk taking, strategy and commitment and value focus.
"In fact the education and skills of the workforce will be the key competitive weapons for the rest of the 21st century. The attitudes, knowledge and skills of the workforce of the enterprise and its contractors and suppliers will determine the quality of the human system and processes behind its products and services," he said.
Recognising the importance of HR management Dessallien said human beings are heart of any development.
Investment in the human development, particularly in the private sector, increases the productivity manifold, she said.
She said an effective and efficient management of the HR helps enhance workers' motivation and greater employee involvement in the company activities.
Rajan said Ernst and Young has offices in more than 140 countries worldwide and with annual revenue of about US $17 billion.
He said the Human Capital team at the Ernst and Young, India has done pioneering research in the field of organisational effectiveness and presently caters to a host of organisations across the Indian sub-continent, the Middle East and some other SAARC countries.
The organisers said they will conduct the random survey through distribution of questionnaire in the country's corporate world to find out the overall HR conditions and publish the report August next.
The filled-up questionnaires will be collected by next 30 days. These will then be analysed for preparation of the final report.
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