BdJobs.comLtd.is the first and leading career management site in the country

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BdJobs.comLtd.is the first and leading career management site in the country.

Introduction

A market in which employers search for employees and employees search for jobs. The job market is not a physical place as much as a concept demonstrating the competition and interplay between different work forces. The job market can grow or shrink depending on the labor demand and supply within the overall economy, specific industries, for specific education levels or specific job functions.

The job market is directly related to the unemployment rate. The higher the unemployment rate, the greater the supply of labor in the overall job market. When employers have a larger pool of applicants to choose from, they can be pickier or force down wages. As the unemployment rate drops employers are forced to compete more heavily for available workers, which has the effect of increasing wages.
The job market

The job market has evolved considerably over the past 40-50 years and continues to change in response to new technologies and increasing globalization. Significant expansion in higher education over this period has also greatly increased the supply of new graduates seeking work. These developments have all affected the nature of graduate work, the attitudes of the current generation of graduates to employment, and employers’ attitudes to graduates.

About Bdjobs.com

BdJobs.comLtd.is the first and leading career management site in the country. Eight young business and IT professional backed by strong command over e-business and in-depth understanding of the needs of job seekers and employers in the country’s context started this venture on July 2000.

The vision of the company is to try bringing Internet technology in the mainstream business and economic life of the society.

This web-site’s aim is to explore maximum benefits of the Internet. It believes its service will help the job seekers manage their career more efficiently. This site will also help employers solve many of the problems associated with traditional recruiting methods and allow them to save time and money. Right after its launching, the site has been able to attract the Internet users in the country. The site regularly updates Job Information (on average more than 1800 valid job news are placed at any point of time at the site), provides facility to the job seekers for posting resume and online application. The site has also been able to get good response from a large number of organizations in the country who use online job advertisement facility, online CV bank access and online application receiving and processing facility of www.bdjobs.com.Till now, more than employers in the country have recruited more than 150,000 professionals at different levels for their organizations through Bdjobs.comservice.

Overview

From our analysis of Seven Weeks, We can –

· Understand the changing nature of the job market.

· Think about your degree in the context of the job market.

· Identify potential job sectors.

Scopes

We can know-

· About the amount of total jobs in job market of Bangladesh.

· Job opening of every level exists.

· About the placement pattern of jobs.

· About required position and education level.

· Salary ranges of different positions.

Limitations

Our limitations are-

· We have only collected data of 7 weeks.

· We have collected data only from 1 website that is BdJobs.com.

· We work only on secondary data; we could not do any survey.

Findings

By analyzing the data of 7 weeks; we find –

· Name of the Organizations who have vacant posts.

· Name of positions & required Education level for the particular position.

· Number of recruitment in each position.

· Experience requirement.

· Preferable gender.

· Placement.

· Salary of different positions according to company policy.

· Data Analysis

· For analyzing the job Market of Bangladesh we have collected Secondary data from Bdjobs.com. Now we will analyze the Data by dividing it under Four Heading, these are Sector wise job opening, level wise Job opening, Placement wise job opening, Experience wise job opening.

· Sector wise Job Opening

· From our study we can see, there are 19 sectors in bdjobs.com. By analyzing the data of 7 weeks we can rank these 19 sectors on the basis of total number of jobs. The ranking is given below:

· From the table we can see that Gen Mgt/Adminhas the highest job because now days the MNCs or Trading companies need these types of people so this sector has a great importance in our job market. The 2^nd one is Garments/Textile. Bangladesh earns a lot of money from this sector.

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· Garment Sectoris one of the most important businesses for Bangladesh because it earns a lot of foreign currency by exporting Garments goods. IT & Communication is in the 3^rd position because Bangladesh is developing in telecommunication.So we need people for properly run this sector.

· The 4^th one is Education/Trainingsector. In every country people need good education. Without literate people a county can never develop. This sector requires those people who can run a proper education system and institution, which will help the nation to create an educated generation.

· Marketing/Sales have also an importance because to sell a product we need people. So, this sector has a huge number job opening in the market.

· Accounting and finance are often used together since they encompass the same overall areas; however, they are not the same. Accounting is the recording of financial transactions which in turn can be reported and interpreted, whereas finance is the function of managing the financial operations of a business. As such, accounting is a part (or a subset) of finance.

· During the 1990s the NGO sector in Bangladesh grew rapidly. NGOs developed business strategies to both provide outlet for beneficiaries’ produce and to deliver goods and services to their ‘target groups’. Local income has become increasingly important in strategies for sustainability of the organizations and the careers of their employees.

· Engineering is not only a career but more of as an area of expertise, which opens doors to a vast area of jobs. Engineers probably have a wider choice of the environment in which to work, and the type of job, than any other profession. The engineers today are not confined to the obvious sectors such as mechanical, chemical and electrical but have a vast scope in advanced areas such as ultrasonic, vacuum technology, as thermal engineering, polymer technology, computers, telecommunication, and many more

· The Medical professionis extremely broad and includes more than 60 specialist areas; Jobs in the medical profession are extremely varied and depend on what area you want to specialize in. There are many professional and technical workers employed in the Pharmaceutical industry. Nearly 30 percent of all employees are scientists, engineers, or technicians. Many of these workers do research and test new drugs. They include chemists, biologists, physicians, veterinarians, and biological technicians.

· Human Resourcegenerally refers to those individuals that operate an organization. The HR department is a critical component of any business as they are responsible for a wide variety of functions. As a department, Human Resource is the part of the organization that deals with employee relations. From a high level, the human resources department of a company deals with payroll, benefits, hiring, firing, and regulations management. This position requires excellent people skills, the ability to master processes and mechanical matters and intelligence. It is important to be familiar with information technology, quantitative analysis, people management and problem solving.

· Secretaries & Receptionists are generally must have a high school education. Many employers prefer to hire graduates of administrative support schools. Business executives may prefer applicants with a liberal arts degree and secretarial training.

With the BPO sector logged in as the fastest growing industry in the country, companies are looking for greater talent pools and locations to expand their operations.

· Banking sector will have two types of jobs office clerks and officers. For this one should have graduation for eligibility. The other type of jobs in Banks is for MBA students they work as Teller and creditor service manager etc. These jobs is mainly for MBA graduates

· Most graphic design work is now done on computer using specialized industry-standard graphics and multimedia software packages. Graphic designers have to work closely with other colleagues involved in projects, such as copywriters, photographers and sales staff. They may also work directly with clients

· In general terms, Consulting, as a term, is used to define both an industry and the act of helping companies analyze existing arrangements and develop of plans for improvements. Most management analysis jobs, including research consultants, require a bachelor’s degree in business or a related field like economics or statistics. Most companies prefer that their research consultants have at least a couple years of experience in their field. Research consultants must be self-motivated, highly analytical, well-organized and possess excellent writing and speaking skills.

· Advertising is a type of communication used to influence an audience. The goal is to have viewers, readers or listeners take action in response to the advertising. Advertising messages typically promote products, ideas and businesses. As part of a private agency within the corporate sector, an advertising executive will work to create cross-media campaigns to promote a product, organization brand or person. It requires teamwork skills and the ability to think creatively.

Placement wise Job Opening

Call Center

From the analysis we can see that in the Call Center Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city because at present various New Mobile Companies are established here and more over their job vacancy are available in Dhaka city.

Data Entry

From the analysis we can see that in the Data Entry Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city because at present various types of multinational companies are established in this city who want data entry operator to operate their all kinds of official data entry works.

Training/Education

From the analysis we can see that in the Training or Education Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city, every organization’s and company’s training center or training institution is almost situated in Dhaka. Many organization and company establish training sector to develop their employees’ skills.

Engineer/Architect

From the analysis we can see that in the Engineer/Architect Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city, every organization and company require Architects or Engineers for their new building design and construction.

NGO

From the analysis we can see that in the NGO Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city, NGOs have found a niche for themselves in the gap between society and state, seeking to promote the welfare of the people through grass-roots initiatives and development programs. NGO recruits employees to work grass-root level in many underdeveloped villages for poverty alleviation and developed child health and micro credit.

Marketing/Sales

From the analysis we can see that in the Marketing or Sales Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city various multinational companies employed people to handle their production process properly.

Medical/Pharmaceuticals

From the analysis we can see that in the Medical or Pharmaceuticals Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city various private hospitals require highly educated doctors for treatment of the patients.

Pharmaceuticals sector employed people as a representative who promote their medicines to doctors and various departmental stores or market.

Design/Creative

From the analysis we can see that in the Design or Creative Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city because various Furniture companies and Garments sector employed people who design their products through their creativity.

Others

From the analysis we can see that in Other Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka for other sectors.

IT/Telecommunication

From the analysis we can see that in the Design or Creative Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city various organizations and multinational companies require people to work in their call centers to help to operate the companies work smoothly.

Garments/Textile

From the analysis we can see that in the Garments or Textile Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because Dhaka city various garments company needed people to made various garments products and to export this product in the local and foreign countries.

Research/Consultancy

From the analysis we can see that in the Research or Consultancy Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. In this sector experienced persons are recruit who research for their company’s development and survive in the competitive and open market and goodwill their activities.

HR/Organization Development

From the analysis we can see that in the HR or Organization Development Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city, various HR sector recruit people and training them to operate their internal and external activities properly.

Secretary/Receptionist

From the analysis we can see that in the Secretary or Receptionist Sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city, various companies employed people as receptionist to welcome and guide the people.

Various companies also recruit people as secretary to help the top executive.

Advertisement/Event MGT

From the analysis we can see that in the Advertisement or Event Management sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city, various advertisement companies employed people to advertise their updated news in daily newspaper.

Event Management sector also hire people to arrange annual picnic and sports on behalf of the companies to entertain their employees and relax their employees mind.

Bank/Insurance/Leasing

From the analysis we can see that in the Bank/Insurance/Leasing sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city, various banking industry recruit people to collects deposits from the public and to give advances loans to the business community and other members of the public. organizations and companies employed people in general management and administration to transfer, promotion, leave, welfare, compensation, recruitment, retirement benefit, bonus, remuneration and various loans to give to the employees.

Commercial/Supply Chain

From the analysis we can see that in the Commercial or Supply chain sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city, various multinational companies hire people who involved in moving a product or service from supplier to customer. Supply chain activities transform natural resources, materials and components into a finished product that is delivered to the end customer.

Accounting/Finance

From the analysis we can see that in the Accounting or Finance sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city, various organizations and companies employed people to maintain their companies’ balance sheet, loss and profit account and reconciliation with banks for financial statements.

General Management/Administration

From the analysis we can see that in the General Management or Administration sector, job placement is highest in the Dhaka city. From this we can understand that job opening are highest in Dhaka city. Because in Dhaka city, various organizations and companies employed people in general management and administration to transfer, promotion, leave, welfare, compensation, recruitment, retirement benefit, bonus, remuneration and various loans to give to the employees.

Experience wise Job Opening

Call Center

Call center sector required high amount of 0-5 years experienced people.

Data Entry

Data Entry sector required high amount of 0-5 years experienced people.

Training/Education

Training or Education sector required high amount of 10 and above years experienced people.

Engineer/Architect

Engineer or Architect sector required high amount of 0-5 years experienced people.

NGO

NGO sector required high amount of 0-5 years experienced people.

Marketing/Sales

Marketing or Sales sector required high amount of 0-5 years experienced people.

Medical/Pharmaceuticals

Medical or Pharmaceuticals sector required high amount of 0-5 years experienced people.

Design/Creative

Design or Creative sector required high amount of 0-5 years experienced people.

Others

Others sector required high amount of 0-5 years experienced people.

IT/Telecommunication

IT or Telecommunication sector required high amount of 0-5 years experienced people.

Garments/Textile

Garments or Textile sector required high amount of 0-5 years experienced people.

Research/Consultancy

Research or Consultancy sector required high amount of 0-5 years experienced people.

HR/Organization Development

HR or Organization Development sector required high amount of 0-5 years experienced people.

Secretary/Receptionist

Secretary or Receptionist sector required high amount of 0-5 years experienced people.

Advertisement/Event MGT

Advertisement or Event MGTsector required high amount of 0-5 years experienced people.

Bank/Insurance/Leasing

Bank or Insurance or Leasingsector required high amount of 0-5 years experienced people.

Commercial/Supply Chain

Commercial or Supply Chain sector required high amount of 0-5 years experienced people.

Accounting/Finance

Accounting or Finance sector required high amount of 0-5 years experienced people.

General Management/Administration

General Management or Administration sector required high amount of 0-5 years experienced people.

Final decision based on Experience requirement:

From the above analysis we can say that almost every sector requires experience people from 0 to 5 years, 6 to 10 years and above.

Many organizations and multinational companies wants 0 to 5 years experienced people or novice because they think they are young, energetic, motivated, hardworking, challenging for their competitors and help them by giving their new and innovative knowledge for the progress of their company.

Many organizations and multinational companies also wants 6 to 10 years experienced people because experienced people are trained, they understand and operate all the work very quickly, they also maintain the companies work properly by giving their past experience and the experienced people can train the newcomers or novice.

Most of the organizations and multinational companies require 10 and above years experienced people because they are experienced enough in all matters of the organization or companies and in all sector they give their valued opinion. Most of the time, the development of the organization or companies are depends on him/her.

Conclusion:

From our overall study we can conclude that, The job market in Bangladesh are in a good position. The number of potential customers is high. The demands of branded products are also high. There is no restriction for new business to enter into the market. Government law, rules and regulations are very much positive. Multinational companies can easily enter into the market. Many organization and multinational companies require experienced and qualified people to fill up the vacant positions.

After analyzing the data of seven weeks collected from bdjobs.com we can come to the conclusion that the job opening in Bangladesh are increasing very rapidly. If new multinational companies start their operations in Bangladesh then job opening will increase more and we have sufficient workforce to fulfill their requirements.