This facility is not available for those working in the private sector. Copyright. He holds an associate degree in specialized technology from the Pittsburgh Technical Institute. We are pleased to submit my report on“SWOT Analysis of Project Management in Bangladesh”. TOS ASA University Bangladesh Time taken for salary increment approvals and to reach the upper hierarchy is less in private sector jobs than in the public sector. Job-associated perks outside salary are lesser in private sector jobs when compared to federal jobs despite impressive insurance and retirement plans offered by some private companies. Power to make decisions vests with the organisation itself in private sectors unlike public sectors where decisions need to be made in accordance with federal or state regulations.

A disadvantage of private sector jobs is the insecurity inherent to the sector. The Washington Post presents statistics from the National Treasury Employees Union according to which, in some cases, employees working in the federal sector receive remuneration up to 26 per cent lower than what they could receive in the private sector for a similar role. Intense Job Competition and Lesser Job Perks

It has gained more importance after the wave of privatizations since early 1980s, in which the central motive was ideological rather than financial efficiency. Minority members may suffer at the hands of the majority members. In addition, competition is intense for private sector jobs, which puts job seekers with little formal education at a disadvantage in the private sector. below poverty line Labour force Labour force by occupation Unemployment Main industries 70.86 million, Introduction: New Public Management is a management philosophy which is used by the government since 1980s to bring up to date the public sectors. Sir,

this has been an important question. Therefore, the financial and managerial resources of a private company are comparatively limited. Impressive salary packages, faster promotions and the opportunity to be on the cutting edge in your field of work are some advantages of private sector jobs. Public sector or private sector, which is superior? As a result a shareholder cannot leave a private company easily and quickly. This could be a reason for the private sector job benefit. Internet Banking is growing popular day by day in Bangladesh. 3.

by RAHMAN MD FAIZUR, MAJOR, BANGLADESH M.D.S., National University of Bangladesh, 2004 A disadvantage of private sector jobs is the insecurity inherent to the sector. It’s vital to do research and evaluate pros and … Employees will always be needed to complete the tasks only government does, and additional employees will always be needed to support them. Population 38% (2009 est.) There are restrictions on the transfer of shares in a private company. 2. GDP GDP growth GDP per capita GDP by sector Inflation (CPI) 4. Approved for public release; distribution is unlimited. Failure to acquire project financing, company acquisitions or low business performance all can act against an employee. What are the Advantages of a Public Company? Intense job competition and lesser job perks All the articles you read in this site are contributed by users like you, with a single vision to liberate knowledge. Failure to acquire project financing, company acquisitions or low business performance all can act against an employee. Bangladesh is a country that has been exploited by many super powers in the past. August 11, 2012 Fort Leavenworth, Kansas 2005 Privacy Policy A disadvantage of private sector jobs is the insecurity inherent to the sector.

This report is a part of Project Management (MGT411) to complete our BBA program. If work deadlines are not meet, you may also have to work for long hours and even during public holidays. Public has little confidence in a private company because its affairs are unknown and it is not subject to strict control under the law. INTRODUCTION Economy of Bangladesh It is important, though, to be well-informed of both the advantages and disadvantages before making a career decision. A private company suffers from the following limitations: A private company cannot have more than fifty members. Private sector jobs, especially in the technology domain, offer opportunities for employees to be part of more innovative projects with cutting-edge infrastructure. is a free service that lets you to preserve your original articles for eternity. Pension: People are attracted towards government jobs because they know that when they retire from their job, they will be blessed with a pension plan which will be available to them for the rest of their lives. Disclaimer Continuously oppressed and exploited by these powers the resources of this country were already half exhausted. However the scenario has changed since there are many private companies who also have started monetary ben…

Since private sector businesses are more focused on generating profits, they are more open to business structures that facilitate this objective.

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