1.Living wage should be ensured. Currently living wage for Bangladesh is 29,442 Taka . For example, multinational companies of Bangladesh usually ensure living wage for all employees.
Now minimum wage in Bangladesh for garments is 50 usd per month.
http://www.cleanclothes.org/livingwage/living-wage-versus-minimum-wage
http://asia.floorwage.org/asia-floor-wage-in-local-currency
The 2015 Asia Floor Wage figure is PPP$ 1021 [that is in
USA, now it would be converted using Purchasing Power Parity].
The London Living Wage is currently £9.40 per hour.
http://www.livingwage.org.uk/calculation
2.Top two levels of organisational hierarchy will get remuneration packages as per tournament theory. Second level will get much higher atleast 2 times higher than third level. According to the tournament theory of motivation,it creates motivation among employees down the hierarchy.
Further, it ensures effective organisational system management as by default second level would try their best to keep the system under control with productivity to enjoy the remuneration package provided to them under tournament theory of motivation.
http://www.forbes.com/2006/05/20/executive-compensation-tournament_cx_th_06work_0523pay.html
For example, private and international universities in Bangladesh usually follow this mode.
3. Provident fund, soft home loan, soft car loan and other perks would be provided. For example, private banks and multinational companies in Bangladesh usually provide such.
Now minimum wage in Bangladesh for garments is 50 usd per month.
http://www.cleanclothes.org/livingwage/living-wage-versus-minimum-wage
http://asia.floorwage.org/asia-floor-wage-in-local-currency
The 2015 Asia Floor Wage figure is PPP$ 1021 [that is in
USA, now it would be converted using Purchasing Power Parity].
The London Living Wage is currently £9.40 per hour.
http://www.livingwage.org.uk/calculation
2.Top two levels of organisational hierarchy will get remuneration packages as per tournament theory. Second level will get much higher atleast 2 times higher than third level. According to the tournament theory of motivation,it creates motivation among employees down the hierarchy.
Further, it ensures effective organisational system management as by default second level would try their best to keep the system under control with productivity to enjoy the remuneration package provided to them under tournament theory of motivation.
http://www.forbes.com/2006/05/20/executive-compensation-tournament_cx_th_06work_0523pay.html
For example, private and international universities in Bangladesh usually follow this mode.
3. Provident fund, soft home loan, soft car loan and other perks would be provided. For example, private banks and multinational companies in Bangladesh usually provide such.
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