As the economic uplift of a developing country like Bangladesh largely depends on the remittances received from developed countries like America, Russia, UK, KSA, UAE and Qatar, it is essential to properly train up the workers before sending them abroad. Although the number of expatriate workers from Bangladesh has increased significantly in recent months, but the growth of remittance remained lower in FY18 than the level achieved in FY15, the highest ever in the country. To push the remittance inflow further up, the government should focus on creating skilled manpower for the overseas job market.
It is needles to state that shortage of skilled manpower is hindering country’s economic growth and employment opportunities and for this reason many well-educated youths remain unemployed year after year. Hence, emphasis should be given on the need for grooming and employing skilled hands and diligent personnel in every sector of the country’s economy.
The inflow of remittance recorded more than 17 percent rise to almost USD 14.98 billion in the 2017-18 fiscal after falling trend in several years from USD 12.77 billion in the 2016-2017 fiscal.
Experts are of the opinion that in the wake of the global recession, Bangladeshi migrant workers have been at the risk of losing their jobs, because they are usually on the bottom-rung of skilled laborers.
The World Bank has pointed out Bangladeshi expatriate workers, who speak little English, have poor basic formal education and few vocational industry-specific skills, often face severe job insecurities. The lack of knowledge of a foreign language, other than English, is another limiting factor. The workers are, therefore, at a disadvantage position when it comes to new job opportunities, especially in the tech-driven world.
The situation is no better at home. The lack of skills, proper training and limited access to quality education are resulting in poor employment and lower wages in Bangladesh, where the demand for good jobs is overshadowed by supply of poorly trained workers.
A large portion of remittance comes from only ten countries hence the government should give more stress on finding other destinations, which may contribute to the present remittance flow. But it would require to train up manpower for jobs abroad otherwise, remittance flow will not increase to a satisfactory level.