The macro economic performance of Bangladesh is heavily dependent

on its Textile and Readymade Garment (RMG) manufacturing sector.

And its growing in a vast way
There are some reasons lying behind our Textile & RMG sectors
success.
Flexible labor market law
Availability of raw materials
Price competitiveness

Some of the problems are slowing miserable in this sectors growth

Infrastructure
Political instability
Financial condition
Poor transportation

FACT SHEET

WHY WE ARE HERE?

INTRODUCE OUR COMPANY

ANALYSIS TO IDENTIFY OUR PROBLEMS
MAJOR PROBLEM AND CURRENT PROBLEMS
DEVELOPING ALTERNATIVE SOLUTION
OUR DECISIONS & SUBORDINATE DECISIONS
JUSTIFICATION OF DECISIONS
SWOT ANALYSIS
ACTION PLAN

ABOUT DECISION MAKING

Decision-making is an essential aspect of modern management. It is a

primary function of management.
Decision Making is a course of action which is consciously chosen from
among a set of alternatives to achieve a desired result.
A manager has to take a decision before acting or before preparing a
plan for execution

ABOUT COMPANY

MSRM Textile Ltd was established in the year 2002

MSRM Textile Ltd is a socially responsible business organization and is engaged in Textile
manufacturing & export business in Bangladesh.
The Objective of the company is to provide professional service and best quality
products to ensure utmost satisfaction to our clients through unwavering commitment
to International Quality Standards in every aspect

PRODUCTS & PRODUCTION

PRODUCT
Polyester, Polar fleece, Micro fleece, CVC fleece,
Single Jersey (Cotton, Polyester, CVC), Rib, Interlock,
Mash.
PRODUCTION
Knitting Capacity

35,000 kg

Dying Capacity35,000 kg
Finishing Capacity

30,000 kg

PRODUCT EXPORT MAP

Exporting in

Countries

USA, UK, Germany

Australia, SriLanka, Malaysia
Singapore & UAE

HUMAN RESOURCES OVERVIEW

Tiers

Designations
Chairman
Vice Chairman

Top
Levels

Managing Director
Deputy Managing Director
General Manager
Factory In-charge

Mid
Level

Manager
Deputy Manager
Assistant Manager
Supervisor

Line
Level

Production Executive
Workers

Number of Employees

10
50
450

FINANCIAL OVERVIEW LAST 5 YEARS

8.9 mil.

REVENUE TREND

PROBLEMS | HR SURVEY REPORT

PROBLEMS | HR SURVEY REPORT

Classification of Employee Termination Incidents Reported

PROBLEMS WE ARE

Company turnover decreased significantly

Revenue Trend are showing negative impacts
Company reputation in national and global market are fading
away
Employees are dissatisfied

IMPORTANCE OF DECISION MAKING

To increase production level

To increase of our profit margin
Establishing loyalty between employees and company
Revert the company reputation in RMG sector

IDENTIFYING OUR CURRENT PROBLEMS

High Rate of Lower Level Employee Turnover
Living

cost and price hike in daily commodities

Salaries

we are paying are not satisfactory and competitive

Low Productivity
High

rate of turnover and poor job satisfaction level

Ineffective

worker supervision

Management Functions are disrupted

Communication
Improper

gaps among departments

decision making and execution plan

IDENTIFYING OUR CURRENT PROBLEMS

Lack of Awareness of labor group

Information gap about company benefits & HSE

Lack of Motivation
Management zero tolerance mindset in quality production instead HR appreciation
Supervisor's improper behaviour
Job insecurity and less productivity.

No Labor Insurance, worker participation fund and PF benefits

Competitors are introducing attractive benefits like health insurance & WPF etc

IDENTIFYING OUR CURRENT PROBLEMS

Transportation for Mid level Managements
Distance between Home and Office
Hectic traffic jam and poor public transport

Lack of Efficiency & Effectiveness in Merchandising Department

Unable to meet the requirements of various global buyers
Following traditional communication technique

Competitive Market position

Offering competitive salaries to our existing employees

DEVELOPING ALTERNATIVE SOLUTION

Initiatives To Measure

Alternative Solutions

Brainstorming Session by Top

Level Management

Production oriented training

Analyzing through survey and

interview
Expert feedback for Developing
alternative solution

Review Salary/Incentive Structure

Implementing Labor Law Practice
Revise Benefits
Employing effective & dedicated
Merchandiser

DECISIONS WE HAVE TAKEN

Considering the facts & after analyzing the problems & the causes of the
current problems we may take some major decisions along with some other
decisions which will give us a fruitful result.

We will increase the salary for all level of employees. Here we

will follow Cost of living Adjustment method. The increment
will not be same percentage at all level considering the
market demand and competencies
Top Level

2%

Mid Level

5%

Supervisor

10%

Workers

12%

SUBORDINATE DECISIONS

Transportation Facility
Dedicated Transportation Facility to Mid Level
Managers
Affiliation with Local Bus Transport for worker group
Providing Advanced Training
Advanced Training for Merchandising Team and
Production Supervisors
Induction relevant to HR manual and work life
balance for workers

SUBORDINATE DECISIONS

Employee Motivation Program

Organizing Annual Outing
Organizing Workshops Quarterly (inform & involve sessions)

S.W.O.T ANALYSIS

Strength: Internal Factors that are helpful to

achieve objective
Weakness: Internal Factors that are harmful to
achieve objective
Opportunities: External Conditions that are
helpful to objective
Threat : External barriers that are injurious for
achieving objective

S.W.O.T ANALYSIS | STRENGTH

Will be able to achieve our estimated daily sales and profit target
Will help to restore our goodwill which is under threat
Employees will be more benefited
Satisfaction level of workers & supervisors will increase
Transportation facility will ensure in-time to work properly and reduce daily hassle
Production oriented training & awareness program will make our Mid & lower level
management more efficient & effective

S.W.O.T ANALYSIS | WEAKNESS

The budget will increase and some unexpected cost will be added with yearly
expenditure
Some other factory already using such similar ideas to reduce dissatisfactions
Some de-motivation will still remain, because its difficult to meet all
employees expectations.

S.W.O.T ANALYSIS | OPPORTUNITY

Will be able to run our production smoothly without any interruptions, we will
be able to trade more products at a cheaper rate & in shortest time.
Many companies may be felt difficulties to invest extra budget to increase
salaries & benefits
Government will appreciate and may provide support for our company
May create attention to efficient and dedicated workers from other companies

S.W.O.T ANALYSIS | THREAT

Other companies may also follow our decision more effectively and thereby
snatch our efficient employees.
Investors & Buyers Impact on this decision.

ACTION PLAN

First we will calculate our existing staff salary cost and increased salary cost
and transportation cost and estimate the added expenditure required to
implement our decision
Level and Tire

Current Salary Cost (per anum)

Top Level : 5 persons

Mid Level 15 persons
Lower Level 25 persons
Workers ( 400 persons)
Total
Extra amount needed

Increased Salary cost (per anum)

19,500,000
14,700,000
13,535,000
40,800,000
88,535,000

19,890,000
15,435,000
14,888,500
45,696,000
95,909,500
7,374,500

Transportation Cost
4 Bus (50 seated) monthly rent and fuel.

25 days X 6000/= X 12 months X 4 = 72,00,000

2 micro buses (12 seated) monthly rent and fuel

25 Days X 3000 Tk X 12 months X 2 = 18,00,000

ACTION PLAN

We will set new sales target that will recover our extra cost without
hampering our profit margin.
We will arrange some production oriented & awareness training
programs monthly which will cost approximately BDT 60,000
We will set controlling and evaluation mechanism to retain our new sales
and profit target.

Making a interacting system among all the supervisors

We will always keep a reserve fund & all the necessary parts

We will analyze our performance every year so that we can come to

know about the current market scenario.

CONCLUTION

We think new decision, which came out eventually with the problems we are
facing, shall not only benefit our company but also uphold our country as well.
This is because more companies will become interested to increase salary if
they can strike the balance like we did between disciplines, giving workload,
ensuring facility for the workers and rather make more profit than loss by
utilizing the capability of our workers. May be we will need some extra money at
the beginning but after setting up we will be able to make greater profit & our
investment will be make up within a reasonable time. We will become one of the
competitive remuneration payer company in our country and thus our reputation
will go high. Efficient employees will be attracted to join our company and we
together will ensure better quality of products and services.

THANK YOU