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New York, N.Y. – September 25, 2009 – International human resources consultant Birches Group LLC has announced the results of their annual total compensation survey in Bangladesh. The survey was conducted in Dhaka during the month of July 2009, capturing data from a broad cross-section of 32 employers in the local labour market, including leaders in banking, tourism, trade and services, manufacturing, consumer products, telecommunications, and international public sector organizations.
The survey results show an overall increase in total compensation of 19% in 2009 as compared to 2008. Support staff positions increased an average of 17.3%, while professional staff salaries increased an average of 20.9%. Senior-level managers and professionals enjoyed the highest level of increases.
The compensation mix of surveyed employers is fairly complex, with various allowances and bonuses offered on top of base salaries across all positions surveyed. Base salary typically makes up 65-75% of total compensation from the lowest support staff position to senior management levels. For the top leadership positions, bonuses and incentives range from 15% to 22% of total compensation; at other salary levels, bonuses and incentives account for about 10% of the package. Festival bonuses are unique to this market, and are typically the equivalent of one to four months base salary.
Other common benefits and perquisites include cash transportation or conveyance allowances, meal allowances, and housing-related benefits. Company-provided vehicles, offered as a cash allowance or through a lease arrangement, are frequently offered to managerial/executive level staff.
Surveyed employers reported a preference for broad-based market survey data as the basis for annual adjustments, rather than sector-specific information.
For more information about the survey results, or to obtain a copy of the full survey report, contact Birches Group in New York (+1-212-972-6970) or contact us online.