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Skilled migrant workers send more remittances home than less-skilled ones: IOM study

The Financial Express, Bangladesh, 16 June 2020 - Higher skilled migrant workers send more remittances home than the less-skilled ones as the experienced workers are employed in better jobs, an IOM study has found.

The study also revealed that due to lack of work experience and financial knowledge migrant workers face vulnerable situations.

The findings were disclosed on International Day of Family Remittances on Tuesday through a press release, issued from Dhaka office of International Organisation for Migration (IOM).

 
 

IOM, the UN’s migration agency, urged the communities to support the reintegration and combat stigmatisation of returning migrant workers to Bangladesh.

Due to the economic and labour crisis created by the COVID-19 pandemic, hundreds of thousands of migrant workers are expected to return by the end of the year. It will impact not only remittance-receiving households but also their extended communities, it said.

The research on ‘Migration, Family Remittances, Assets and Skills Categories in Bangladesh’ conducted in 2019 on 1,000 remittance-dependent households and qualitative discussions with key stakeholders.

The economic return on migration is lower in Bangladesh than countries with a skilled-migrant workforce, the research said.

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Source: https://thefinancialexpress.com.bd/national/skilled-migrant-workers-send-more-remittances-home-than-less-skilled-ones-iom-study-1592310648

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