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with economic growth hovering over 6 percent
for the past three consecutive years it's a great time to be working
and earning in Bangladesh. From CEO packages being counted in lakhs,
hefty bonuses for middle and senior management and lucrative
benefits for junior management, corporate Bangladesh salaries for
the first time after independence are going stratospheric. However,
this is all confined to the banks in the private sector, telecom
companies, local corporates and multinationals which accounts for
one million employees or just about five per cent of the total
workforce. It will clearly take time before the cascade effect
starts benefiting the larger workers' community but signs are in
place.
Also, for the first time, the graduates passing out of
universities, there is not just ample opportunity but a variety
of choice, and riches for those with talent. There was a time
when there were few career avenues and fewer options, but with
the private sector growing at a commendable speed, the country's
job scenario looks better than ever.
Companies are finally realising that their competitive advantage
will come from human capital and not physical infrastructure.
Companies are now racing to shell out the moolah to keep
employees happy.
Better jobs and fatter pay cheques have given birth to a new
affluent middle class who are on a spending spree. One report
says 5.3 million mobile handsets were sold alone in 2007-8 and
the spending on travel and leisure, dinning and entertainment,
automobiles and personal computer is significantly up. And as
they shop they fuel the cycle of consumption, investment and job
creation.
There was a time, not many moons ago, when one could only think
of a house of one's own after retirement. The present day
scenario is diametrically opposed to that: if you have a job at
a private sector bank or a telecom company or a local corporate
you can have your own apartment even in your early 30s.
Another key feature of corporate Bangladesh is its accommodation
of women workforce, who were once considered as the 'inferior
gender' is now on their way to changing the total landscape of
the job market with their commitment, skills and thirst for
performance. The country is indeed witnessing girl power: even
in the upper echelon of the corporate ladders, women now have
their footprints prominently etched.
Given the opportunity, our professionals have shown how they can
excel: today most of the multinationals and foreign banks are
headed by Bangladeshis which was unthinkable a decade ago.
For our June special story we tried to get a closer look at the
corporate Bangladesh and understand its requirements and desire
to achieve global standards.
So far banking industry in the private sector is the biggest
creator of white collar jobs in Bangladesh. But what is
encouraging is that with the rise of domestic consumption the
local manufacturing industry is also creating huge job
opportunities, and we feel that if government policies are on
the right track, employment for those on the periphery will only
multiply further. And the dream for a middle income country is
certainly not at a distant horizon.
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Publisher
Abul Khair
Editor
Ziaul Karim
Managing Editor
Hayat Saif
Editorial Board
Fakrul Alam
Kaiser Haq
Syed Manzoorul Islam
Editorial Assistant
Tania Tasneem Hossain
Nusrat Haque
Beauty Editor
Farzana Shakil
Media Consultant
Raju Alim
Health Editor
Dr. Reaz Mobarak
Fashion Editor
Goutom Saha
Feature Writers
Syeda Shamin Mortada
Newaz Md. Rifaat
Naira Nizam
Chief Graphics Designer
Shamim Chowdhury
Graphics Designer
Maheya Rahman
Photographer
Din M Shibly
Marketing
M. Saadat Hossain
Shaon Karim
Finance and Accounts
Tarun Dey
Md. Abdul Alim
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