Salary and Benefits Survey for KfW Dhaka Office

Young Consultants (YC) conducted the Salary and Benefits Survey for the KfW Dhaka Office to assess prevailing salary structures and employee benefits among comparable organizations in Bangladesh. The assignment aimed to establish a competitive and evidence-based compensation structure by benchmarking selected positions, including Senior Program Manager and Office Secretary, against relevant local employers and development organizations.

The survey covered at least 10 comparator employers, including multilateral donor agencies, multilateral development banks, international NGOs, foreign embassies and diplomatic missions, and development projects under bilateral and multilateral economic cooperation. The assessment represented organizations operating across various economic sectors, including health, energy, transport, and private sector development. YC collected and analyzed current market salary data, assessed organizational variations in compensation and benefits, and developed recommendations for a competitive salary structure appropriate for the KfW Dhaka Office.

Scope of Services Provided
1. Identification of Comparator Organizations

Identified and reviewed at least 10 comparable employers, including development agencies, international NGOs, diplomatic missions, and donor-funded projects, to establish a representative basis for salary and benefits benchmarking.

2. Position Benchmarking

Benchmarked the positions of Senior Program Manager and Office Secretary against comparable roles in selected organizations, considering relevant job and organizational parameters.

3. Salary and Benefits Data Collection

Collected the latest available salary and benefits information from comparator employers. Where access to formal information was difficult or restricted, supplementary data were gathered from informal sources.

4. Salary Structure and Benefits Analysis

Compared and analyzed salary structures across organizations, accounting for organizational differences and requirements. Converted benefits provided in kind into cash equivalents to facilitate consistent comparisons.

5. Assessment of Compensation Components

Reviewed and analyzed the key components of employee compensation and benefits, including:

Gross salary and its breakdown.
Bonuses and incentives.
Long-term benefits, including provident funds, gratuity, and pension schemes.
Leave Fair Assistance (LFA).
Various leave provisions.
Group insurance.
Medical care and hospitalization schemes.
Employee loans.
Transport loans and car schemes.
Other employee entitlements.
6. Report Preparation and Recommendations

Prepared a detailed salary and benefits survey report presenting the comparative findings and recommending a competitive salary structure for the KfW Dhaka Office based on the analysis of comparable development organizations and major NGOs.

Key Deliverables
Salary benchmarking for Senior Program Manager and Office Secretary positions.
Comparative salary and benefits database covering at least 10 comparator employers.
Analysis of gross salaries, bonuses, incentives, and other employee benefits.
Assessment of long-term benefits, insurance, medical schemes, leave provisions, and employee entitlements.
Detailed salary and benefits survey report with recommendations for a competitive compensation structure.
Assignment Details
Assignment Name: Salary and Benefits Survey for KfW Dhaka Office Client: KfW Country: Bangladesh Project Location: Dhaka, Bangladesh Approximate Contract Value: Not specified in the source information Duration: 2 months Start Date: October 2007 Completion Date: December 2007 Total Staff-Months: 4 staff-months Professional Staff-Months Provided by Associated Consultants: N/A Associated Consultants: Not applicable Client Address: House 193 (2nd Floor), Lane 1, New DOHS, Mohakhali, Dhaka, Bangladesh

Senior Professional Staff Involved
Name
Designation / Role
M. Zakir Hossain
Team Leader
Probin Behari Barua
Key Researcher
S. M. Firoj Hasan
Coordinator
Indranee Haque
Research Associate