International Journal of Entrepreneurship (Print ISSN: 1099-9264; Online ISSN: 1939-4675)

Abstract

Sustainable cohesive HRM framework linking HRM Compliance modules to reduce Financial Risks by applying Soft-Systems Design

Author(s): Tarnima Warda Andalib, Shosunth Chandra Sarker, Ahshanul Labby, Abtahi Noor

This paper aspires to inaugurate the cohesive HRM framework with HRM compliance modules to reduce financial risks and enhance sustainability by applying soft-systems techniques in the manufacturing large, medium and small companies of Bangladesh. To amend this attribute, here researchers have deployed the integration of the employees’ rights’ regulations as part of HRM compliances with the HRM framework. There are two main dimensions in this cohesive HRM framework, which are firstly, the HRM modules regarding its core functions and secondly, the Employee rights’ regulatory protocols coming from the guidelines of Universal declaration of human rights (UDHR), International labour organisations (ILO) and Bangladesh Labour Act 2006 (BDL). The study is comprehensively qualitative with in-depth analysis and coding method in NVIVO tool. Twelve cases with eighty-seven participants have been interviewed to gather and analyze data. The concept of integration is also applicable as a technological upgradation in any demo-smart manufacturing company

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