A significant outflow is underway at Bangladesh Bank, the country`s central bank, with 57 officials tendering their resignations citing better career prospects, including opportunities in the Bangladesh Civil Service (BCS).
According to an office order issued on Tuesday, among those stepping down are a deputy director and an officer, with the remaining 55 being assistant directors. The resignations of 48 of these officials will take effect on Thursday.
Criticism has emerged in response to this mass departure. Reports from Samakal highlight the attractive remuneration offered to officials at the central bank, which historically outstripped salaries in other sectors. Until 2018, the bank implemented various incentives to encourage talent retention, including additional increments based on academic performance. However, these benefits were phased out for the Assistant Director batch of 2019 onwards.
Furthermore, opportunities for advancement within the institution have reportedly dwindled. While officers were previously eligible for promotion after three years of service, current regulations stipulate that promotions are contingent upon available vacancies, with no advancement granted if an officer`s tenure is less than five years.
Additionally, changes in training protocols, including a reduction in the duration of foundational training from nine to three months, have been implemented. Moreover, incentives such as additional increments for high performance in training have been discontinued, further fueling discontent among staff. Additionally, perks common in other government jobs, such as a car maintenance allowance, are notably absent for Bangladesh Bank employees.
