Job Market Bangladesh :: Facilitating Employment

Everjobs.com.bd, Bangladesh's fastest growing online career portal, recently announced its annual career report. This shows that the "manufacturing industry" leads the job market in Bangladesh and is the largest online recruitment and application. A survey on Everjobs in Bangladesh showed a detailed analysis of the trends in online employment in Bangladesh in the second quarter of 2017. In this survey, we gathered data by monitoring the traffic of Web sites, revealed that the manufacturing industry is the most dominant industry and that the most employment opportunities exist. According to reports, most job candidates in Bangladesh will look for manufacturing jobs when looking for new jobs online. Other search activities are in IT industry, NGO, and education and training department.

In our culture, we are seeking access to the recruitment market "search for job openings". This is a shame change. "Finding a job" means that work is a resource of the world, and you are trying to get one of these resources. But this is completely opposite. What you are actually doing is to sell your labor force and the company is bidding on it. Like other markets, the labor market can only function if competition is intense. This is the only way to guarantee fair and reasonable pricing. Please imagine that you are a farmer selling watermelons. Are you simply selling your watermelon to the first buyer that you agree to buy them? Or can you investigate the buyer's market and make decisions based on adequate information on which buyer to sell to the best price (and business partner) that is available?

Employment market is the market where employers look for employees and employees look for jobs. The employment market is not a real place but a concept that shows the interaction between competition and different labor force. The employment market can be expanded or contracted according to the economy as a whole, a specific industry, a specific educational level, or the labor supply and demand for a specific job. The job market is directly related to the unemployment rate. The higher the unemployment rate, the more labor available in the entire employment market. As employers can choose more applicants, they are more loud or forced to pay. When the unemployment rate declines, the employer is forced to compete with existing workers and wages will rise.