IT-BPM expert urges reforms in Sri Lanka labor laws
COLOMBO, SRI LANKA — Sri Lanka Association for Software Services Companies (SLASSCOM) Director Shanaka Fernando calls for reforms in Sri Lanka’s “outdated” labor laws to align with the country’s growing IT-BPM industry.
During a public consultation session initiated by Sri Lanka’s Ministry of Labour, Fernando suggests the adoption of a four-day working week, extending insurance coverage for work-from-home arrangements, and implementing measures to address poor performance.
The industry expert believes that reforms in these areas would enhance the competitiveness of the local IT-BPM market and create a favorable environment for investment and talent retention.
Changes in the country’s labor laws would also ultimately contribute to its goal of generating US$5 billion in revenue, creating 200,000 direct jobs, and establishing 1,000 IT/BPM startups by 2025.
The IT-BPM industry is Sri Lanka’s fourth-largest foreign revenue earner. In 2022, the sector brought US$2.1 billion to the country, employing around 150,000 people, with indirect employment opportunities reaching nearly 250,000.
Related news
- SLASSCOM to organize IT/BPM career fair · 23 May
- Lawmaker files welfare bill for PH BPO workers · 22 May
- Healthcare sector to boost PH IT-BPM industry, says IBPAP · 22 May
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
