Bridging work system gap: between local and foreign companies operating in Bangladesh

Abstract

BFS Partners is a Chartered Accountancy firm based in Australia. BFS started its operations from 2009 in New South Wales, Australia and has been providing the best taxation and business services to their clients. While working in this company I have come face to face with the difference in their work system in comparison to the Bangladesh work system. As a result, I had the urge to find the gap behind the local and foreign company work system through their Human Resource (HR) department and how we can overcome them. In this study I have come to learn about the growing need of the HR department in an organization. In a world of globalization, the local companies of Bangladesh want to affiliate with other foreign companies to develop their company, but not prioritizing the HR is causing them loss. The work system needs to be more inclined with the foreign working conditions by setting-up a standardized HR department. The ways this gap can be mitigated is also mentioned in this study and why this can cause a work life balance among the employees. The data provided in the study are collected by survey and interpretations of the data are also provided for better understanding. Lastly, few recommendations have been given to understand what needs to be done to bridge this gap.