🤔Why learn English???
👌Outsourcing industry has a prodigious scope for freelancers with English language skills!!!
Employment Situation In Bangladesh: According to The International Labor Organization (ILO) around 3.6 million people in Bangladesh would remain unemployed in 2022. 20 lakh New Job Seekers add to this every year, but only 2 lakh employment is created each year.
Employment Sectors in Bangladesh
Govt./Public Job Sector
Non-govt/Private Job Sector
Business or Self-employment
Problems & Drawbacks with those sectors
Govt./Public Job: High level of Expenditure for govt.
Non-govt/Private Job: The country’s private investment is low over the last several years, largely on account of political instability, and a high rate of interest on bank credit.
Business or Self-employment: Lack of business knowledge, Insufficient capital, unfavorable market.
Some other problems related to those jobs:
Bureaucratic problem
Corruption
Overpopulation
Partialities
Quota
Reference
The alarming concern is that the country is lacking skilled human resources. The mismatch between the quality of education and demand for appropriate employment is the reason for several lakhs of graduates remaining unemployed after coming out of the universities and colleges annually.
5 lakh foreign workers working in the garments & ICT and service sector. The majority of the foreign workers are employed in the garment sector in top posts like production managers, Merchandisers, senior sewing operators, cutting masters, designers and washing experts. They mainly come from India and Sri Lanka, followed by Pakistan, China, South Korea, Taiwan, and the Philippines. The number of foreign workers is more than 5 lakh as per some estimates. Some labor leaders, however, claim the number is as high as one million. Bangladesh Bank data suggest that foreign workers are taking nearly $5 billion in salaries and allowances; and for India, Bangladesh is the fifth-largest source of expatriate remittance.
👌Some surprising scenarios of the IT & Outsourcing industry in two neighboring countries:
✅PHILIPPINES
👉Total population is more than 10-12 crore
👉More than 1 million people are involved in the IT and Outsourcing Industry
👉Earn $26 billion yearly from this industry and contribute 10% to their GDP
👉The amount is closely 50% of our national budget
👉Philippines government Announced it as their SUNSHINE INDUSTRY
✅INDIA
👉Total population is more than 130 crore
👉More than 2 million people are involved in the IT and Outsourcing Industry
👉Earn $150 billion yearly from this industry
👉Infosys Ltd. is one of the renowned IT companies having a turnover of $12
Billion, which is one-fourth of our national budget.
Bangladesh is a potential hub for the outsourcing industry in terms of manpower, location, and cost. The industry needs raw materials. Young is the raw as 65%, which is nearly 163 million are under 25 years of age.
Various kinds of jobs are available according to various skills such as:
Web design & development job
Graphic design job
Software development job
SEO analyst job
Online Research & Marketing job
Database management job
Customer support job
Back office support job
Virtual assistant job
Project management job
Financial analyst job
Account assistant job
Virtual administration job
Related job for Doctors
Related jobs for engineers
Banking and insurance-related job
IT supports job
Network support job
Content and article writing job
☑️In India and the Philippines, 90% of the earnings from the outsourcing industry are coming from those jobs which are only dependent on English language skills as customer support jobs, content and article writing jobs, virtual assistant jobs, and back-office support jobs, etc.
For example, Filipinos earn around $23 billion yearly only from those jobs based on English language skills.
If we can utilize 1% of our population properly in this sector, then obviously we can earn around $25 billion yearly where only English Language skills will be the major factor.
Bangladesh earns around $35 billion yearly as foreign currency. The RMG sector is called the lifeline of foreign currency earnings and earns around $28 billion yearly, which is around 80% of total foreign currency earnings yearly.
There is no far difference between 28$ billion and 25$ billion. So the outsourcing industry has the enormous possibility of becoming the number 1 foreign currency earning sector of Bangladesh, where only English Language skill is the basic nothing else.
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Written by:
GM Shuvo
Founder & Trainer of SELTA Bangladesh
English, IELTS & Digital Marketing Trainer
Professional Content Writer