Promoting Bangladesh Labor Law to Managing Human Resources in Enterprises- Perspectives & Challenges

Bangladesh Labor law has a strong impact on industrial economy growth and managing workforces among the enterprises in Bangladesh. By dint of exploring and emerging role of human resources management functions, the implications of the law have been a big challenge to managing human resources in view to resulting a win-win situation between employer-employees. Nowadays, the regulatory bodies, local-international stakeholders, chambers, development partners-donors, regional bodies, home countries-principles, development charters have been strongly focused on ensuring the implications labor as well as employment law in all enterprises within Bangladesh territory. At the same time the entrepreneurs has also been comprehended the necessity of managing-retaining-developing human resources through providing the best possible financial-non-financial scopes & rewards. In view of that, the government has adopted Bangladesh Labor Act 2006 and Bangladesh Labor rules 2015. The article has focused on the perspectives to promote Bangladesh labor law that may aligned with the key functions of human resources management i.e Recruitment, leave and working hours, compensation& wages, work safety, health-hygiene, employment separations & benefits, disciplinary process, right to form associations, right of expressing grievance & dissatisfactions in broader aspects. Furthermore, it depicts the impacts & practical challenges that enterprises may face with managing human resources. The methods of presenting the article content is a literature based analysis with some secondary data sourced from periodicals and reports of local and international bodies