Corporate Social Responsibility of Bangladeshi Garment Industry to Secure Future Vulnerability on Workers Retired Life

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Md Enamul Islam
Md Enamul Islam
σ
Mst Nilufar Yasmin
Mst Nilufar Yasmin
ρ
Muhammad Farooq
Muhammad Farooq Ph.D. Scholar
α to ρ Limkokwing University of Creative Technology Limkokwing University of Creative Technology

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Corporate Social Responsibility of Bangladeshi Garment Industry to Secure  Future Vulnerability on Workers Retired Life

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Abstract

Nowadays Bangladeshi Multinational Companies are actively engaged in Corporate Social Responsibility. However, most of the activities are confined to earn publicity and positive political image only. External Corporate Social Activities are very popular in the corporate world. An unholy competition is prevailing among the giant Multinational companies to show off their activities. Business conglomerates do not pay much attention for the workers after retirement benefit. This study was conducted to measure the impact of Corporate Social Responsibility on the reduction of workers vulnerability after retirement for Bangladeshi Garment Industries. A total of 98 usable questionnaires gathered from 11 Multinational Companies (MNC) in Bangladesh. Outcomes of correlation analysis show that there is a statistically significant relationship between internal Corporate Social Responsibilities and protected retired life of Garments workers. Findings also suggest that when MNCs takes interest and carry out social responsibility than it enhances high productivity, greater teamwork, and high organizational commitment.

References

8 Cites in Article
  1. A Abdullah (2013). Corporate Social Responsibility Practices in Garments sector of Bangladesh, A Study of Multinational Garments, CSR view in Dhaka EPZ.
  2. S Alam,S Hoque,M Hosen (2010). Corporate Social Responsibility (CSR) of MNCs in Bangladesh: A case study on Grameen Phone Ltd.
  3. N Bode (2013). Global Actors, Local Governance: Corporate Social Responsibility in the Indian.
  4. J Ferdous (2015). Corporate Social Responsibility Practices in Bangladesh: An assessment of four state-owned commercial banks.
  5. Farhana Ferdousi,A Ahmed (1996). An Investigation of Manufacturing Performance Improvement through Lean Production: A Study on Bangladeshi Garment Firms.
  6. Ishita Roy,Amit Kumar Sarker,Swapna Chowdhury (2017). Corporate Social Responsibility Practices in Bangladesh: A Statistical Analysis on State-Owned & Private Commercial Banks.
  7. M Ismail (2009). An International Perspective on Corporate Social Responsibility and its Role in Community Development.
  8. M Masud,M Hossain (2012). Corporate Social Responsibility Reporting Practices in Bangladesh: A Study of Selected Private Commercial Banks.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Md Enamul Islam. 2018. \u201cCorporate Social Responsibility of Bangladeshi Garment Industry to Secure Future Vulnerability on Workers Retired Life\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 18 (GJMBR Volume 18 Issue A7): .

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Issue Cover
GJMBR Volume 18 Issue A7
Pg. 25- 29
Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-A Classification: JEL Code: M14
Version of record

v1.2

Issue date

July 25, 2018

Language
en
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Nowadays Bangladeshi Multinational Companies are actively engaged in Corporate Social Responsibility. However, most of the activities are confined to earn publicity and positive political image only. External Corporate Social Activities are very popular in the corporate world. An unholy competition is prevailing among the giant Multinational companies to show off their activities. Business conglomerates do not pay much attention for the workers after retirement benefit. This study was conducted to measure the impact of Corporate Social Responsibility on the reduction of workers vulnerability after retirement for Bangladeshi Garment Industries. A total of 98 usable questionnaires gathered from 11 Multinational Companies (MNC) in Bangladesh. Outcomes of correlation analysis show that there is a statistically significant relationship between internal Corporate Social Responsibilities and protected retired life of Garments workers. Findings also suggest that when MNCs takes interest and carry out social responsibility than it enhances high productivity, greater teamwork, and high organizational commitment.

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Corporate Social Responsibility of Bangladeshi Garment Industry to Secure Future Vulnerability on Workers Retired Life

Md Enamul Islam
Md Enamul Islam Limkokwing University of Creative Technology
Mst Nilufar Yasmin
Mst Nilufar Yasmin
Muhammad Farooq
Muhammad Farooq Limkokwing University of Creative Technology

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