Fulfill Your Immediate Hiring Needs With NetworkBD's Staff Hiring Process
NetworkBD specializes in locating and hiring excellent people in a variety of fields and businesses. We assist in the development of productive and successful internal teams by employing full-time individuals with the long-term aim of employee retention in mind. Our services include the recruitment of senior, executive, mid-level management personnel and guide to hiring staff. We thoroughly screen individuals in order to hire top talent with the experience and temperament necessary to run highly successful initiatives.
Your company should become familiar with the relevant labor laws and best hiring practices with our guide to hiring staff. Our guide to hiring employees in the country is designed to help you. There will be an overview of contract employment, an explanation of hiring costs, and general hiring tips for Bangladesh.
5 Effective Points You Should Take Into Account When Staff Hiring
Before we begin guide to hiring staff, you need to familiarize yourself with topics like termination and severance, payroll and taxes, and leave and benefit policies, among others. The following points should be taken into account:
1. Employment contracts
In Bangladesh, employers are required to create formal written contracts for their employees. The contract should use the local language and include terms such as:
- Work position and nature of work
- Time spent at work
- Termite requirements
Bangladesh requires employees to go through a probationary period and a guide to hiring staff prior to receiving full termination protections. For most employees, the probationary period lasts three months, while for clerical workers, it lasts six months. Some companies may terminate their employees with minimal notice after the probationary period:
- A conviction for a crime or other misconduct
- Disability or incapacity
- Health care professional’s certification of chronic illness
- Retrenchment of the company to minimize losses
Employees who are found guilty of criminal behavior or misconduct are not entitled to notice or severance pay. If an employee is terminated for medical reasons, they are entitled to 30 days’ wages for every year of service. Employees who are laid off must receive one month’s notice and 30 days’ wages for each year of service, though sometimes they may receive additional pay instead of notice.
2. Taxes and payroll
Bangladesh does not have a social security system or payroll taxes like many other countries. Employees are only required to pay income taxes. Income taxes in Bangladesh range from 10 percent to 30 percent.
Corporate taxes are paid by employers – either a 35 percent tax if the company is a non-listed entity or a 25 percent tax if the company is publicly listed. Different industries have different corporate tax rates. The garment industry, for example, offers employers a low 14 percent corporate tax rate if they meet specific requirements.
3. Wages and hours of work
There are 40 working hours in a standard workweek in Bangladesh. Businesses are usually closed on Fridays and Saturdays. It is permitted to work overtime, but the law limits it to 60 hours per week and 56 hours on average per year. Employees who work overtime are entitled to double pay.
Bangladesh’s minimum wage varies by industry and is usually very low. As an example, workers in the garment industry typically take home only about 8,000 taka – about 94 dollars – every month. To make sure your company is in compliance with labor law, you are advised to check your industry’s guide to hiring staff.
Bangladeshi employees usually accrue their annual leave based on the industry they work in, including textile and garment production, agriculture, shipbuilding, tourism, communications, and technology.
Most employees receive one day off per every 18 days worked in a shop, factory, transportation business, or commercial or industrial establishment, for example. Check with industry experts in Bangladesh to find out what the requirements are.
The majority of workers also receive an additional 10 paid vacation days each year, but employees on tea plantations do not. Employees who do not use the entire allotment of paid leave will lose it at the end of the year.
The Bangladeshi government pays its employees 14 days of sick time each year. Newspaper employees are an exception to this rule – they may take sick days at half-pay, as long as the leave is not longer than one-eighth of their employment period. For employees across all industries, a medical certificate is usually required to validate paid sick leave.
Bangladesh also offers its employees maternity leave. An employee who has worked for a company for at least six months and does not already have two or more children may take eight paid weeks off before giving birth, and an additional eight weeks afterward. If the employee does not meet the requirements, they may still take unpaid leave. Paternity leave is an optional benefit.
Bangladeshi employees also receive 11 paid festival holidays each year in addition to this paid time off. There is a long list of official state holidays from which each company may select eleven holidays. A company must provide an employee with a substitute holiday off and two compensatory paid holidays if an employee is required to work on one of those selected holidays.
5. Restrictions on discrimination
According to Bangladesh’s constitution, all citizens are equal in the eyes of the law. A company cannot discriminate against job candidates or employees on the basis of the following reasons:
You should not ask candidates about these topics during interviews and should tailor your language to ensure a welcoming environment for all your candidates.
Know The Cost Of Hiring Staff In Bangladesh
The cost of guide to hiring staff in Bangladesh varies by industry and by the policies of the company regarding optional expenses, such as benefits. You can expect to incur the following direct and indirect costs when hiring:
1. Job postings
2. Interview and review
A company’s employees who have worked for the company for more than a year are entitled to two annual festival bonuses. These bonuses should not exceed the employee’s monthly salary.
Additionally, many companies offer their employees additional benefits as perks. Assistance with housing, education, transportation, or private health insurance may be available.
Get A Better Experience With NetworkBD’s Hiring Staff
It may be fairly similar for you to hire someone in Bangladesh as you would elsewhere. You should be prepared for some unfamiliar nuances, however. As you start your search, consider the following guide to hiring staff practices:
1. The language of your new Bangladeshi employees may be the same as the language you studied in school: The best practices suggest that you integrate Bengali into formal documents such as contracts, offer letters, and correspondence as much as possible. You should also show all monetary amounts in Bangladeshi taka rather than your home country’s currency in these documents. Making sure your employees understand the key details of their employment with you is important to welcoming them and making them feel valued.
2. Utilize professional networking and job websites: When recruiting in Bangladesh, you’ll want to choose trusted recruitment channels. You can attract talented candidates through professional networking practices and online job postings. Make use of your connections in the country for advice, or suggest your managers attend professional career fairs and university job fairs. You will also want to post job ads online so you can reach a wider applicant pool.
3. Check for Collective Bargaining Agreements (CBA): Collective bargaining agreements are not as common in Bangladesh as they are elsewhere. One exception is the garment industry, where CBAs have become more common in recent years and may even become stronger as the industry grows. If your company manufactures or sells garments or textiles, make sure to determine what additional CBA requirements apply to you.
4. Select long-term partners: For your Bangladesh business operations to last and thrive, you’ll need employees who will be good long-term partners. Bangladeshi employees can also help you gain an understanding of local culture and business norms. Selecting employees who can help your company grow and develop over time is also a plus.
5 Extensive Process Of Hiring Staff For Remote Work
Recruiting and considering candidates may require you to speak remotely rather than in person with top candidates in Bangladesh. Here are a few tips to make the process successful:
1. Practise your technology: Even though you’re thousands of miles away, you’ll want to make a good impression on your Bangladeshi job applicants. You should test your remote communication platform before an interview if you rarely use it. To present a polished, professional image, you can work out any internet issues in advance and turn off any unwanted filters.
2. It is easy to schedule. Your Bangladeshi applicants tend to be busy just like you. It can take a significant amount of time out of your day and theirs to exchange emails back and forth as you try to coordinate interview times across time zones. Consider using appointment-setting software so your candidates can select a time that is most convenient for them. Your applicants will appreciate the convenience, and you’ll probably save time and boost your productivity.
3. Communicate clearly: Web-based interviews are sometimes problematic, especially if the audio quality is not satisfactory. Your candidates will likely appreciate your respect and appreciation if you remain clear and direct during the conversation.
4. Contact directly: Guide to hiring staff process remotely usually means sending high-level executives to the Bangladesh region to welcome and orient your new employees. Your new hires will feel welcome, build unity and alignment, and get your new company off to a great start through this in-person contact.
5. Invest in your first new hires: As you expand into Bangladesh, your first new hires will set the tone for your growing team. When you get started with remote hiring in Bangladesh, you’ll want to redouble your efforts in finding the best people for your international operations. You should look for candidates who are in alignment with your company’s core values and who can bring flexibility, leadership, and diversity to your team.
How NetworkBD Helps You?
Contact Globalization Partners when your company is ready to expand.
We handle the process of setting up your business and getting your hiring practices in order when you work with us. You don’t have to deal with recruiting, guide to hiring staff, and onboarding new employees any longer when you use our AI-driven global employment platform, saving you both time and money. Our extensive knowledge of complex legal and tax requirements gives us the ability to provide you with peace of mind knowing your practice is in compliance.
FAQs For Guide to Hiring Staff
What are the typical steps to make a hire according to our guide to hiring staff?
Depending on the function and firm, the typical processes of the recruitment and selection process differ. Most hiring teams, on the other hand, structure their hiring process around these four stages: planning, attracting candidates, selecting candidates, and making job offers.
what is a flowchart for guide to hiring staff?
A flowchart depicting the processes in the hiring process and how they link is known as a hiring process flowchart. A flowchart is a good approach to communicate your recruitment policies to both hiring teams and prospects in a concrete and memorable way.
A flowchart, for example, could be used to show hiring managers the steps involved in recruiting. Here’s a simple example of a hiring process snapshot.
How do we handle hiring process workload?
Managing all facets of the hiring process via emails and spreadsheets is inefficient. Project management tools are an excellent alternative if you recruit in small batches. Tools like Trello, for example, allow you to view the hiring process as a series of steps and assign jobs to your hiring team.
Should hiring process be customized for specific roles?
Different stages of hiring are required for different roles. Senior applicants must go through many interviews and examinations before being hired, but entry-level candidates normally have a lot easier time getting hired.