Most organisations ignore innovative ideas of subordinates, says HR study

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FE Report
Nearly two-thirds of the leading entities in manufacturing, financial and services sectors do not solicit new and innovative ideas from subordinates, according to the findings of a recent survey on HR (human resources) practices in Bangladesh.
The survey jointly carried out by the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, and the Ernst & Young has also found that an 'extended family culture' influences recruitment and employers prefer hiring through known contacts.
The survey carried out over a period of one year covered more than 70 organisations that included leading multinational companies operating in Bangladesh.
Speaking at a symposium organised on the occasion of the publication of the survey report at a local hotel Wednesday, President of the MCCI Latifur Rahman said the gap between a knowledge-based workforce and a labour intensive workforce will definitely widen in the changing labour market in Bangladesh.
Key findings on the prevalent HR practices in Bangladesh based on their study on the organizations were discussed in the symposium.
The MCCI president said: "The HR practices survey findings will act as a roadmap in formulation of a strategy to ensure optimum utilisation of skill and knowledge of the people enhancing productivity and competitiveness."
"The past record of HR development of Bangladesh has not been encouraging although it is necessary for achieving global competitiveness," Rahman said.
The development agenda of the present government reflects its commitments to human resource development following its importance on developing organizations, he said.
"Bangladesh companies need to concentrate more on highly value-added products and services produced by a skilled and motivated workforce to face competitive challenges," Rahman said.
Expressing his optimism, Rahman said: "The survey findings will enable the companies to develop their HR to mark the desired level of productivity and competitiveness.
The survey was conducted on industries, including pharmaceutical and healthcare, FMCG (fast moving consumer goods), IT, telecom, manufacturing, finance, NGO, textiles/garments, conglomerates.
The survey data was collected under seven different factors that include talent acquisition, performance management, people development, compensation and benefits, HR strategy and processes, organization culture and HR practices for workmen, staff and other non-managerial employees.
The symposium was also addressed by NS Rajan and Anurag Malik of E&Y.