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Bangladesh

Basic Economic Summary

Basic Information

  • Local Languages: Bengali (Official), Tibeto-Burman, English
  • Major Economic Hubs: Dhaka, Chittagong, Rajshahi, Khulna
  • Currency: Bangladeshi Taka (BDT)
  • Population: 164,600,000 (2020)
  • Date Format: dd/mm/yyyy

Useful Information

  • GDP Per Capita (in USD): $1,856
  • Exchange Rate (BDT/USD): 0.012
  • Number of University Graduates (2019): 2,013,074

Local Universities

Renowned Local Universities:

UniversityNumber of Graduates (Undergrad)Niche
Bangladesh University of Engineering and TechnologyInformation UnavailableEngineering and Architecture
University of DhakaInformation UnavailableSocial Sciences, Business and Computer Science
BRAC UniversityInformation Unavailable 
Daffodil International UniversityInformation Unavailable 
North South UniversityInformation UnavailableBusiness and Computer Science

Salary Data

Popular jobs in Bangladesh include Data Scientist, Actuarial Analyst, Computer System Analyst.

The table below shows the average salaries of some jobs in Bangladesh. Please refer to GlassDoor for more information.

Job TitleAverage Salary (BDT)Average Salary (USD)
Accounting Manager73,500882
Software Engineer40,000480
Software Developer32,500390
Data Scientist70,000840
UI Designer35,000420
Product Manager50,000600
Sales Manager77,500930

Talent Sourcing Tips

English Proficiency: Low Proficiency

Number of LinkedIn Users (2019): 2,990,000

Top Local Job Portals: Bdjobs.com , BDJobsToday.com , JOB.COM.BD

More information on job portals in Bangladesh can be found here.

Top Recruitment Agencies: Amco Enterprise Limited, Job Placement BD Ltd., Catharsis International

Taxes

Employer Payroll Tax

There are no payroll taxes in Bangladesh. However, there are plans to introduce mandatory pension funds by 2021.

Employee Monthly Income Tax

Income Group (BDT)Contribution (%)
≤ 20,833.330%
20,833.33 – 54,166.6710%
54,166.67 – 95,833.3315%
95,833.33 – 145,833.3320%
145,833.33 – 395,833.3325%
> 395,833.3330%

Bangladesh follows a progressive income tax model. The employee income tax rates can be found here.

Minimum Wage & Payroll

Minimum Wage

The legal minimum wage is BDT 8,000 per month.

Payroll Cycle

The employee must be paid wages within 7 days after the last day of the wage period.

Bonus

13th month salary

An employee who works continuously for a year must receive 2 festival bonuses per year. Each bonus shall not be more than the basic salary.

Working Hours & Statutory Leave

Maximum working hours

The average working hour is 56 hours per week. The statutory maximum working hours is 60 hours per week (including overtime).

Overtime pay

The minimum overtime pay rate is 125%.

Public Holidays

The public holidays can be found here.

Annual Leave

Employees are entitled to 12 days of paid annual leave after 12 months of continuous work.

Sick Leave

Sick Leave DurationSick Leave Pay (%)
First 4 months100%
Second 4 months75%
Third 4 months50%
Subsequent months25%

Employees must provide a medical certificate.

Parental Leave

Maternity Leave

Leave Entitlements

Leave TypeDuration
Maternity Leave4 month
Prenatal Leave8 weeks
Postnatal Leave8 weeks

Paternity Leave

Not compulsory.

Offboarding & Termination

Termination Process

Termination can done by notice from either the employee or the employer.

Notice Period

Terminated by Employer

ReasonCriteriaNotice Period
RedundancyWorked for at least 1 year in the company30 days
Without reasonPermanent worker120 days
Without reasonOther workers60 days

Terminated by Employee

Type of EmployeeNotice Period
Permanent Employee60 days
Temporary Employee30 days
Monthly Rated Employee (Paid every day of the month)14 days

Employees can resign without notice but they would have to pay an amount equal to the wages for the notice period.

Probation period

Nature of JobProbation
Clerical Function6 month
Others3 months
SkilledCan add an additional 3 months (if unable to to determine quality of work within 3 months)

VAT

15%

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