Bangladesh to see 10pc salary rise across industries this year

_A Monitor Report16 Jan, 2019 | 482 Views|-+
Dhaka : Mercer, global human resources consulting firm, announced that companies are likely to give out 10 per cent salary increase across industries.

The Total Remuneration Survey (TRS) 2018 conducted by Mercer had a participation of 90 plus organisations from industries such as consumer goods, life sciences, chemical manufacturing, hi-tech sector, retail/wholesale and banking/financial services.

Even though estimates vary from industry to industry, organisations have noticed a spike in hiring for skills in sales, engineering and science.

The overall hiring scenario in Bangladesh seems to be positive with around 38 per cent of companies looking to increase their headcount. Consumer goods and life sciences are the top two industries in the attrition list with 18 per cent and 14 per cent respectively, while retail and wholesale sector gave the lowest salary hike at 9 per cent in 2018.

Shanthi Naresh, Careers Business Leader, India, Mercer, said, "A strong and consistent GDP growth of 7 per cent 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."

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