An Evaluation of Human Resource Management Practices of Maksons Spinning Mills Limited

Abstract

The Ready-Made Garments (RMG) sector began to grow in Bangladesh in the late 1951s, mostly as an export-oriented sector. The RMG sector has grown to be a significant economic force in Bangladesh, influencing the financial services, communications, transportation, and other associated businesses. The RMG sector has significantly impacted society. 1.2 million women now have jobs and are financially independent thanks to it, which has helped Bangladesh become known as a modern, progressive nation. The clothing industry is playing a crucial part in keeping people up to date with the latest technological advancements in this age of globalization. Bangladesh's ready-made clothing industry has grown to be the sector with the highest foreign exchange earnings. Two sectors contribute to the clothing industry's yearly national export revenue. They are knitwear and woven clothing. The application of HRM in clothing has sped up, simplified, and improved the comfort of its operations. The report's introduction is included in Chapter 1. This chapter covers the report's history, goals, methodology, study scope, significance and limitations, and lack of experience. Maksons Spinning Mills Limited's company profile is covered in Chapter 2. This section includes the historical background, group specifics, directors, mission, vision, and aims of Maksons Spinning Mills Limited. The Conceptual Framework of Human Resource Management is covered in Chapter 3. Chapter 4 included Maksons Spinning Mills Limited's human resource management, acquisition function, HR strategy, and hiring procedure. function of Maksons Spinning Mills Limited in training and development. training goals, motivational factors, and, lastly, the structure of wages and SWOT analysis. Findings, Suggestions, and Conclusions, Chapter 5. The top research-based clothing company in the world, Maksons Spinning Mills Limited, has the resources and expertise to offer a solid foundation for solid growth in the quickly evolving healthcare sector of today. Several mergers and acquisitions have resulted in Maksons Spinning Mills Limited. Maksons Spinning Mills Limited became the largest clothing firm in the world as a result of the merger. Due to superfluous employees that are highly challenging to manage, mergers also lead to disagreements. Bangladesh had to adapt to the shifting global market, but it did not endure staff layoffs. The management of Maksons Spinning Mills Limited understands the value of sound. human resource and has been actively working to implement rules that would ensure the firm has a robust workforce.