Bangladesh EOR Solutions
Looking to hire employees in Bangladesh for your business? AYP Group can help! Our Bangladesh EOR service simplifies the process of hiring employees and handling HR, benefits, payroll, and tax needs. Our EOR solutions provide a hassle-free way for you to hire employees, test out new markets, and meet the needs of your growing business in Bangladesh. With AYP, you can quickly build your team without taking on the legal and financial responsibilities of setting up a separate entity or worrying about contractor risks. Let us handle the details while you focus on your business goals. Contact us today to get started!
Country Overview
Bangladesh has a diverse economy that is primarily driven by the service sector, with the manufacturing and agriculture sectors also making significant contributions. The country is a major exporter of textiles and clothing, and is also a major producer of rice and other crops.
Capital City
Dhaka
Currency
Bangladeshi Taka (BDT)
Principal Language
Bengali
Government
Presidential parliamentary democracy
Employment contracts
In Bangladesh, employment contracts are legally binding agreements that outline the terms and conditions of employment between an employer and an employee. These contracts typically include details such as the job duties, salary, benefits, and duration of the employment.
In Bangladesh, employment contracts can be verbal or written.
Verbal contracts are legally binding, but written contracts are generally preferred as they provide a clear and specific record of the terms and conditions of employment. Employers are required to provide written contracts to their employees if the employment is expected to last more than one month.
Working Hours
The standard working hours is 40 hours per week.
Public Holidays
- New Year’s Day: January 1st
- International Mother Language Day: February 21st
- Independence Day: March 26th
- May Day: May 1st
- Eid-ul-Fitr: June (dates vary each year)
- Eid-ul-Adha: September (dates vary each year)
Employee Benefits
- Minimum wage: Determined by the government and reviewed and adjusted periodically.
- Social security: Employees are entitled to social security coverage, which includes pension, medical, and unemployment insurance. Employers are required to contribute a certain percentage of the employee’s salary towards these insurance premiums.
- Paid holidays: Includes national holidays, annual leave, and special leave for certain circumstances such as marriage or bereavement.
- Overtime pay: Employees in Bangladesh are entitled to overtime pay if they work more than the standard working hours, which are typically 8 hours per day or 48 hours per week. The rate of overtime pay is generally higher than the regular hourly wage.
- Health and safety: Employers in Bangladesh are required to provide a safe and healthy working environment for their employees and to take appropriate measures to prevent accidents and injuries.
- Maternity and paternity leave: Female employees in Bangladesh are entitled to 12 weeks of maternity leave, and male employees are entitled to 7 days of paternity leave.
Find out about AYP’s total workforce management solution today!
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