Bangladesh is an emerging economy in South Asia. It has an impressive track record of economic growth and poverty reduction. In recent years, the Government of Bangladesh focuses heavily on the development in the country’s infrastructure sector, especially in power, ports and mass communication. In addition, with the rich culture and outsized textile and garment industries in Bangladesh, as well as the rise in private consumption and investment, Bangladesh nation’s economy can be expected to grow by leaps and bounds in the near future.
Employers need to follow the strict employment guidelines set forth by the local authorities before they could employ in Bangladesh. This process can be time-consuming as the company first needs a legal entity in the country and it needs to manage payroll, tax, benefits and compliance.
Global payroll solutions make it easy to find and hire top talent in Bangladesh. With one seamless integration and local legal entity, we take care of the compliance matters so that you can start your globelizing plan immediately.
Bangladesh’s worker classification labour and tax laws distinguish between contractors and full timers. If the individual meets the legal definition of an employee but is classified as a contractor, your company will face penalties.
The primary laws governing employment relationships in Bangladesh are the 2006 Labour Act and the 2015 Labour Rules, which establish a set of minimum rights for employees who fall under its purview. Employees in Bangladesh are protected against discrimination based on age, religion, and race.
Globelise will be able to help you navigate through the employment process and so that you will be able to offer a competitive and compliance offer to attract and retain your employees in Bangladesh.
Bangladesh Employers’ Federation (BEF) represents all sectors of industry in Bangladesh. Its scope includes directing advisory services on labour problems, guiding employers in their collective bargaining with the unions, as well as keeping its members up-to-date to the labour situations in Bangladesh.
Employees may seek their unions for help when they feel that they are unfairly treated or have been non-compliant with their employment terms.
Probation period is generally set at 3 months, but it is expandable up to 6 months.
Company or Individuals who are looking to hire talents and run payroll globally
Talents who wants to work compliantly from anywhere