Bangladesh is a country with a young population and a growing economy. In recent years, the country has become an attractive destination for businesses looking to outsource jobs, particularly in the information technology (IT) sector.
Why Outsourcing Jobs to Bangladesh?
There are several reasons why outsourcing jobs to Bangladesh has become increasingly popular in recent years:
-
Cost-effective: One of the main reasons why businesses outsource jobs to Bangladesh is because of the country’s low labor costs. In Bangladesh, workers can be hired for a fraction of what they would cost in developed countries, making it an attractive option for companies looking to reduce their expenses.
-
Skilled workforce: Bangladesh has a large and growing pool of highly skilled workers, particularly in the IT sector. Many of these workers have received training from top universities and institutions, giving them the skills and knowledge needed to excel in a variety of roles.
-
Time zone advantage: Bangladesh is located in a time zone that allows businesses to outsource jobs 24/7. This means that companies can continue their operations while their employees work during their regular business hours, making it easier to manage schedules and deadlines.
-
Growing economy: Bangladesh has a rapidly growing economy, with a GDP of over $300 billion in 2019. This growth presents new opportunities for businesses looking to expand into new markets, as well as for workers seeking employment and career advancement.
Examples of Successful Outsourcing Jobs in Bangladesh
There are many examples of successful outsourcing jobs in Bangladesh, particularly in the IT sector. Some of these include:
-
Software development: Many software development companies outsource their work to Bangladesh, taking advantage of the country’s skilled workforce and cost-effective labor costs. This has resulted in the creation of numerous job opportunities for software developers in Bangladesh.
-
Data entry and transcription: Businesses often outsource data entry and transcription tasks to Bangladesh, particularly when they need large amounts of data processed quickly and efficiently. This type of work can be easily done remotely, making it an ideal option for companies looking to save on office space and equipment costs.
-
Customer service: Many businesses outsource their customer service operations to Bangladesh, taking advantage of the country’s large pool of fluent English speakers and excellent communication skills. This has resulted in the creation of numerous job opportunities for customer service representatives in Bangladesh.
Case Studies of Successful Outsourcing Jobs in Bangladesh
There are many successful case studies of outsourcing jobs to Bangladesh, particularly in the IT sector. Some of these include:
-
Grameen America: Grameen America is a microfinance institution that provides loans and financial services to low-income women in Bangladesh. The organization has successfully outsourced many of its IT-related tasks to Bangladesh, taking advantage of the country’s skilled workforce and cost-effective labor costs. This has allowed the organization to focus on its core mission while also creating new job opportunities for workers in Bangladesh.
-
American Express: American Express has a large presence in Bangladesh, with over 500 employees working in the country. The company has successfully outsourced many of its IT-related tasks to Bangladesh, taking advantage of the country’s skilled workforce and cost-effective labor costs. This has allowed the company to expand its operations while also creating new job opportunities for workers in Bangladesh.
-
GE Aviation: GE Aviation has a large presence in Bangladesh, with over 500 employees working in the country. The company has successfully outsourced many of its IT-related tasks to Bangladesh, taking advantage of the country’s skilled workforce and cost-effective labor costs.