Industrial Relations and Labor Law
Team Platun
[Link] ;2021747
[Link] Azad Shifa; 2030070
[Link] Akter Sweety; 1910921
4..Ramisa Saiyara Niketa ; 1921608
[Link] Ahmed Anik; 1911031
LABOR LAW AND ECONOMIC
DEVELOPMENT
2
• Very complex and crucial
term
LABOR LAW AND ECONOMIC WELFARE
3
LABOR LAW
ECONOMIC GROWTH EMPLOYMENT
INCREASE NET EMPLOYEE
BOOST GDP SMOOTH OPERATION
EXPORT WELLBEING
HISTORICAL ASPECT OF LABOR LAW AND
ECONOMICAL DEVELOPMENT(1933)
4
Role of Trade Unios
Building trust among
workers
Ensuring safe workplace
Auditing non-
compliance
Trade
U n ion
Ensuring Rights for
workers
Critically evaluate implications of well-defined and well-regulated
Labor Laws for the development of employee living standards and
well-bring
According to an article published by The Global People Strategist in 2021,
well-defined labor law ensures adequate compensation.
A well-regulated labor law stops employee exploitation. Forces employers to
pay in a timely manner.
Even though we have comprehensive labor laws stated in the BLA 2006,
employers fail to pay on time. This issue exists because labor laws are unimplemented
and not monitored closely by law enforcement.
6
◈ Reasonable work hours. Beneficial
to both the employer and employee
7 since employees are able to rest,
refuel and spend quality time with
family and employers get well
motivated, loyal and productive
workers.
◈ A well-defined labor law
enhances employee well-being by
ensuring safety and security at
workplace.
8
◈ Bangladesh Labor
Act 2006 gives workers the
right to know if the job they
are to do poses a threat.
◈ According to an
article published in the
Human Rights Watch in 2013,
much of the labor laws remain
unimplemented in
Bangladesh.
The impact of ‘Bangladesh Labor Act-2006’ in RMG sector .
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Importance of RMG Sector in Bangladesh
10
The ready-made garment or import-acquainted
apparel industry of Bangladesh, is one of the
country's rising manufacturing sectors and is
crucial to public thriftiness.
United United
others
States Kingdo
12%
(29%) m (59%)
Impact of labor law in RMG sector
Bangladesh Labor Act 2006 consolidates the
11 law regarding employments of labor, labor and
employer relation,
minimum wages, compensation for injuries.
Follow
instructions
Comply with
the employer
all safety
gives on
procedures
health &
safety
Ask
questions Use the
whenever correct tools
one is unsure and
about the equipment
procedure to for the job
follow
Impact of ‘Bangladesh Labor Act-2006’ in developing the culture of
Privatization in Bangladesh.
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◈ Privatization is the transfer of ownership from the public sector
(government) to the private sector (business).
TYPES OF PRIVATIZATION
13 ◈ Contracting-Out
◈ Franchising
◈ Deregulation and Decontrol
◈ User Charges
◈ Grant System
◈ Voucher System
◈ Leasing
◈ Joint Venture
◈ Built-Operate-Transfer (BOT) SYSTEM
◈ Non-Profit Organization
The effect of privatization on employment and wages
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◈ Not only the theoretical analysis
fail to provide definitive
predictions on the employment
and wage effects of
privatization, but the existing
empirical evidence is limited.
◈ That is in sharp contrast with
the extensive literature on
privatization and firm
performance and workers’ well-
known fears of privatization.
PRIVATIZATION IN BANGLADESH
15 ◈ After liberation in 1971, Bangladesh inherited an economy dominated by
private sectors. The new government, led by Sheikh Mujibur Rahman
was committed to socialism and nationalized the heavy industries that
were previously run privately.
◈ However, the inefficiency of running those firms adversely affected
public investment and in effect, their losses consumed 30% of annual project
aid.
Prospective Sectors for Privatization
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◈ Power Sector
◈ Natural Gas and Oil
Exploration
◈ Tele Communication
◈ Transport Sector
◈ Port and Container
◈ Aviation and Tourism
CONCLUSION
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◈ Significance of labor law is inevitable in any
country.
◈ Importance of well structured trade union
can’t be ascertained.
◈ Clear role perceived from “Bangladesh Labor
Act ; 2006” can’t be denied.
Reference
18
◈ [Link]
ions/
◈ [Link]
bangladesh/
◈ [Link]
y-primary-source-timeline/great-depression-and-world-war-i
i-1929-1945/labor-unions-during-great-depression-and-new-
deal/
Thanks!
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