Home Business Bangladesh to see a 10% increase in salaries across industries

Bangladesh to see a 10% increase in salaries across industries

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Dhaka, 17 January (BPR/OurVoice): Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC) announced that companies are likely to dole out 10% salary increase across industries consistent with 2018 and 2017, according to Mercer’s 2018 Bangladesh Total Remuneration Survey (TRS).

The Mercer’s 2018 Bangladesh Total Remuneration Survey (TRS) was conducted across industries, which had a participation of 90+ organisations from industries like consumer goods, life sciences, chemical manufacturing, hi-tech sector, retail and wholesale & banking/financial services. Furthermore, while forecasts vary widely across specific industries, organisations have noticed a spike in hiring for skills in sales, engineering & science.

Shanthi Naresh, Leader – Career, and Regional Practice Leader, Workforce Rewards – AMEA at Mercer said, “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.”

The overall hiring outlook in Bangladesh is positive with close to 38% of companies looking to increase their headcount. Consumer goods and life sciences are the top two industries in the attrition list because of the nature of the business with 18% and 14% respectively, while retail and wholesale sector gave the lowest salary hike at 9% in 2018.

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