Are you having challenges to hire and manage employees in Bangladesh ?
Tap onto a wider talent pool in Bangladesh to fast track your business expansion.
This is a common struggle for many high growth companies due to the language barriers, cultural differences and the complex, ever-changing employment laws. Look no further than our employer of record solution.
We provide a comprehensive employment solution, so you can focus on your core business while we take care of the rest.
Why Choose Our Employer of Record Solution?
1. Compliance with local employment laws
2. Reduced hiring time and cost
3. Minimized legal and financial risks
4. Dedicated HR support and expertise
5. Seamless onboarding and payroll management
6. Access to a wider talent pool
How Our Employer of Record Solution Works?
Our process is simple and efficient. First, we hire the employee on your behalf and become their official employer.
Then, we manage all legal and administrative tasks, including payroll, taxes, benefits, and compliance.
Finally, we work closely with you to ensure a smooth and successful
onboarding process.
Why Choose Us as Your Employer of Record?
1. Price transparency
Our solution offers complete transparency in pricing, so you know exactly what you’re paying for and can manage your workforce costs more effectively.
2. Compliance
Our all-in-one compliance management system simplifies HR processes across jurisdictions, freeing up your time to focus on growing your business.
3. Advisory
With our platform, you have access to local compliance experts who can guide you through the complexities of managing a distributed workforce, ensuring that you stay compliant with local laws and regulations.
Get Started Today : Don’t let the complexities of employment laws in Bangladesh slow down your business growth.
Choose our employer of record solution and simplify your hiring process.
Contact us today to learn more and get started.
Bangladesh 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
1.New Year’s Day: January 1st
2. International Mother Language Day: February 21st
3. Independence Day: March 26th
May Day: May 1st
4. Eid-ul-Fitr: June (dates vary each year)
5. Eid-ul-Adha: September (dates vary each year)
Employee Benefits
1.Minimum wage
Determined by the government and reviewed and adjusted periodically
2. 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.
3. Paid holidays
Includes national holidays, annual leave, and special leave for certain circumstances such as marriage or bereavement.
4. 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.
5. 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.
6. 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!
Learn more about AYP Global Pay, Asia Pacific’s smartest People and Payroll Management System. Contact our HR specialists to learn more.
