Executive Summary: Strategic Principles of Human Resource Management Human resource management extends far beyond administrative record-keeping to serve as a vital driver of enterprise strategy. Specifically, understanding core HRM principles empowers business leaders across Bangladesh to align talent acquisition, statutory…
Workforce planning helps to find and keep skilled and experienced employees who produce high-quality service. It is a process that helps to prepare a business for future workforce management. 92% of companies reported they experienced higher turnover due to poor…
An expatriate is a highly skilled worker with unique expertise who is sent to work in another unit of the same company located in a foreign country, generally on a temporary basis states two categories of expatriates “PCN (Parent country national) whose national origin is same as that of corporate headquarter and TCN (third-country national) Nationals of the country other than MNC‘s (Multinational Corporations) home country and the country of the subsidiary”. The fast growth of internationalization has insisted on globalizing firms to increase the expatriate population. In a survey of 2002, 35% of respondents stated that the expatriates’ population is increasing continuously.
Executive Summary: Employee Experience Certificate Templates & HR Compliance Issuing a statutory Employee Experience Certificate (Service Certificate) is a legal requirement under Section 31 of the Bangladesh Labor Act 2006. Consequently, HR departments must maintain standardized, professionally drafted templates that…
Executive Summary: Strategic HR Recruitment & Selection Architecture Establishing a robust human resource recruitment and selection architecture is essential for organizational expansion and long-term business performance in Bangladesh. Specifically, aligning candidate competencies with corporate objectives minimizes hiring risk, reduces employee…
Direct Answer: How Are Worker Wages and Leave Encashment Taxes Calculated? Worker wages and unutilized earned leave encashments are calculated based on average daily basic pay under Section 117 of the Bangladesh Labour Act 2006. Gross payouts form part of…
The normal working hours are 08 hours a day and 48 hours a week. The “hours of work” is defined as the time during which the workers are at the disposal of the employer, excluding intervals for rest and meals. Overtime is work performed on any day or week for more than the hours fixed under the BLA 2006, i.e., 8 hours a day and 48 hours a week. The maximum working hours, inclusive of overtime, may not exceed sixty hours in any week and on average fifty-six hours per week in any year. Thus maximum overtime is two hours a day and 12 hours a week. However, the average overtime hours in a year must not exceed 08 hours per week.
Regulations on annual leave and holidays according to the Bangladesh Labour Act 2006, amended in 2013, the annual leave entitlements vary according to the worker’s age and industry and are capped on a similar basis. The qualifying period for all workers’ annual leave entitlement is one year of continuous service in an establishment with a minimum of 240 days of service within the previous twelve months. A year’s service is taken to be continuous despite any interruption in service due to any holiday, leave with wages, leave without or without wages due to sickness or accident, maternity leaves not exceeding 16 weeks, period of lay-off, or legal strike or lock-out.
All workers shall have equal employment contract opportunities irrespective of age, sex, marital status, family status, disability, race, nationality, or religion. Job seekers are treat fairly and equally. Employment should be offered only to the best-qualified applicants with reference to their merits and abilities to meet the requirements of the jobs. Irrespective of whether they are referrals or direct applicants.
Executive Summary: Strategic PEO vs. EOR Expansion Comparison Comparing Professional Employer Organization (PEO) and Employer of Record (EOR) frameworks is a critical strategic decision for global companies expanding into Bangladesh. Specifically, while a PEO requires a registered local legal entity…