Mercer predicts 10pc pay hike across industries

Companies across industries in Bangladesh are likely to give a 10 percent salary hike as they had done in 2017 and 2018, according to Mercer's 2018 Bangladesh Total Remuneration Survey (TRS).

The report also found that overall hiring outlook in Bangladesh was positive with close to 38 percent of companies looking to increase their headcount this year.

Mercer is a global consulting leader in advancing health, wealth and careers and a wholly owned subsidiary of Marsh & McLennan Companies.

More than 90 organisations took part in the survey across industries focused on consumer goods, life sciences, chemical manufacturing, hi-tech sectors, retail and wholesale and banking and financial services.

Consumer goods and life sciences are the top two industries in the attrition list because of the nature of the business with 18 percent and 14 percent respectively, while retail and wholesale sector gave the lowest salary hike at 9 percent in 2018, according to a statement. Shanthi Naresh, leader – Career, and Regional Practice Leader, Workforce Rewards – AMEA at Mercer, said, “A strong and consistent GDP growth of 7 percent per year over the last three years has led to expanded employment opportunities.”