Development of Small Scale Industry in Rangpur Division of Bangladesh: Employee Perception

Abstract

The financial result of a business largely depends on the employees’ satisfaction. When employees feel happy, then they contribute more attention to the work, show more sincerity. As a result, the production of the organization is increased, and finally, the profit is increased. The study has attempted to find out the perception of employees towards the growth and development of small scale industry in the Rangpur Division of Bangladesh during 2013-14 to 2017-18. The study is empirical. An interview was taken for 400 small-scale industry workers from 16 upazilas through a questionnaire. They were asked about their perception of the growth and development of this industry. The perception of the employee is measured by the Likert scale. The result shows that the participation in decision-making/ implementation perception contains the highest value of 51.0% satisfactory level and the excellent level of satisfaction holds the lowest value of 3.25%. Perquisites structure perception holds the highest value of 48% at a satisfactory level, health, and safety facility perception holds that 36.0% of employees are satisfied. On the other hand, 48% of employees are satisfied in job security perception and the bonus and incentive contain 56.0% of employees are satisfied. For day-care center facilities, 83.0% of employees are dissatisfied. The result concludes that employees show very poor satisfaction in perquisites structure, health, and safety facility, bonus and incentive, day-care center, termination policy, leave policy, and entertainment opportunities. It is mathematically proved that, if the employees are satisfied, then the growth of the organization will be increased. As a result, it is important to satisfy employees properly for the growth and development of the SSI. If that can be done properly, the sustainable development of small-scale industries is possible.