Dhaka: Mercer, global human resources consulting firm, announced that companies are likely to give out 10% salary increase across industries.
The Total Remuneration Survey (TRS) 2018 conducted by Mercer had a participation of 90 plus organizations from industries such as consumer goods, life sciences, chemical manufacturing, hi-tech sector, retail/ wholesale and banking/financial services.
Even though estimates vary from industry to industry, organisations have noticed a spike in hiring for skills in sales, engineering and science.
The overall hiring scenario in Bangladesh seems to be positive with around 38% of companies looking to increase their headcount. Consumer goods and life sciences are the top two industries in the attrition list with 18% and 14% respectively, while retail and wholesale sector gave the lowest salary hike at 9% in 2018.
Shanthi Naresh, Careers Business Leader, India, Mercer, said, “A strong and consistent GDP growth of 7% per year over the last three years has led to expanded employment opportunities and consequently competition for talent, which has further led to double digit increments, a positive hiring outlook and the need to manage increasing levels of attrition.”