Sunday, October 20, 2019

Wages in Bangladesh may rise 10% in 2019: Survey

  • News Desk,
    Published: 2019-01-07 12:34:03 BdST


Companies may increase wages in Bangladesh by 10 percent in 2019, according to a survey by Mercer.

The global consulting firm’s 2018 Bangladesh Total Remuneration Survey suggests the rise in salary will be across industries and levels.

This is consistent with the increase in salaries in 2017 and 2018, the survey said.

About 38 percent of organisations in the country are also increase the number of workers they hire.

The report found that the highest attrition rate in 2018 was in the consumer goods and life sciences industries.

The retail and wholesale sector had the lowest rise in salary at 9 percent in 2018, the report said.

The study was conducted across industries and involved the participation of over 90 organisations in consumer goods, life sciences, chemical manufacturing, high-tech, retail, wholesale and banking and financial services.

“A strong and consistent GDP growth of 7% per year over the last three years has led to expanded employment opportunities and consequently competition for talent, which has further led to double digit increments, a positive hiring outlook and the need to manage increasing levels of attrition,” said Shanti Naresh, Mercer’s career and regional practice leader of workforce rewards for the Asia, Middle East and Africa region.

Mercer provides consultation and technology-driven support to organisations to meet the health, wealth and career needs of their workers. The company operates in over 130 countries.