Impact of 401(k) employee retirement plan on the motivation, productivity, and efficiency for the employees of high performance business entities
View/ Open
Date
2022-12Publisher
Brac UniversityAuthor
Chowdhury, Md NayanMetadata
Show full item recordAbstract
The first outsourcing business to be officially designated in Bangladesh is Data-Path Ltd. The
parent firm of Data-Path Ltd. is July Business Services, a TPA company based in the USA. One
of the top TPA firms in the USA is July. Due to the high average gross annual wage in the USA,
the corporation decided to outsource their business process. The TPA corporation was the
first in the world to outsource its business operations. And they achieved great success.
The accounting practices used by the United States' Retirement Provident Fund are extremely
complex and distinct from those we are taught in Bangladesh. They adhere rigidly to a variety
of rules and regulations. The RPF accounting is very complicated because of these laws and
regulations.
Bangladesh may get a lot of knowledge from the US RPF market. especially given how tightly
they enforce laws and standards in this sector. And how much regard the American
government has for its older adults.