"We often hear job seekers say, 'The job market is tough!' Yes, finding a good job can be quite challenging in Bangladesh or anywhere in the world. However, there is another side to the story! Many companies struggle to find skilled and hardworking employees according to their needs. And sometimes, even when they do find such employees, they fail to retain them. Therefore, one of the main tasks of the HR team in any successful organization is to find ways to retain skilled and hardworking employees."
In this blog, we will discuss the ways to retain skilled employees and why it is crucial for every organization.
What's in today's blog:
Why should you learn ways to retain skilled employees?
It’s a major problem if business owners or HR managers don't know how to retain skilled employees. When a skilled employee leaves, it doesn’t just reduce the company’s productivity, but it also incurs extra costs for recruiting and training new staff. Additionally, the company’s reputation can suffer. Therefore, knowing the strategies for employee retention is crucial in Bangladesh.
One statistic will make this matter clear:
- 70% of skilled employees leave their jobs due to the lack of a good work environment.
- Most employees switch companies due to the lack of better opportunities and benefits.
So it’s clear that focusing on the right areas can help you retain employees.
The steps you should take to retain employees are:
In today's competitive job market, retaining skilled and hardworking employees is a major challenge for every organization. Employees are the backbone of a company. A skilled employee not only drives the organization forward but also enhances its image through their work. Therefore, it is crucial to know the ways and strategies to retain employees.
1. Create a transparent and friendly work environment.
A friendly work environment is one of the key strategies for employee retention. When employees feel that their opinions are valued and they are comfortable in their work environment, they tend to remain loyal to the organization.
How to do it-
- Provide everyone with the opportunity for open discussions and feedback.
- Hold team meetings and organize feedback sessions.
- Listen to employees' concerns and provide quick solutions.
2. Recognize and reward employees.
One important aspect of employee retention is recognizing their work. When an employee receives appreciation for their efforts, they become more responsible and committed to the organization.
For example, if a software company starts offering an "Employee of the Month" award every month, the impact will be felt throughout the office! This will significantly boost employees' enthusiasm towards their work.
3. Providing competitive salary and benefits
Most employees leave their jobs due to a lack of competitive salaries and benefits. Therefore, ensuring a competitive salary structure and other benefits is crucial for organizations. Efforts must be continuously made to make these more attractive.
What you should strive to ensure:
- Ensure timely salary payments.
- Do not be stingy with bonuses and incentives.
- Provide convenient healthcare benefits.
- Have a good retirement plan in place.
Provide opportunities for professional career growth.
Skilled and hardworking employees always seek personal growth. If there is no clear career development path within the organization, employees will look for opportunities elsewhere. There is nothing you can do to stop this.
What to do-
- Organize training sessions
- Make the company's promotion policy transparent.
- Assign new responsibilities based on employees' skills.
- Ensure an environment where any employee can perform well.
5. Use HR software.
A modern employee management app can play a significant role in retaining employees. The use of such software makes it easier for employees to work and increases transparency in organizational management.
Use Hazira, the most user-friendly and cost-effective employee management app in Bangladesh, to manage employee work records, attendance, in-out times, shift planning, and payroll management.
6. Ensure mental health and work-life balance.
Reducing workplace stress and protecting employees' mental health is one of the key ways to retain employees. The organization must play a supportive role in helping employees balance their personal life and work.
What to do-
- If possible, you can introduce convenient working hours or flexible working hours.
- Increase awareness about mental health.
- Adopt a cooperative approach regarding employees' leave requests, and encourage them to take leave when necessary.
Try to resolve any issues faced by employees as quickly as possible.
If issues at the workplace are not resolved quickly, employees can become frustrated, which may lead them to leave the organization. Therefore, identify problems and work towards a swift resolution. You could form a dedicated team to address issues. This way, employees will understand that the organization values and prioritizes their concerns.
A successful employee retention story of a company!
A startup company in Dhaka introduced a method called 'Feedback Friday' to retain their skilled and honest employees. Every Friday, employees share their feedback, and the organization takes actions based on that feedback. As a result, their employee turnover rate decreased by almost 50%. You can implement something similar too!
Retaining skilled and hardworking employees in the workplace is not an easy task. However, it is possible with the right strategies and employee retention methods.
A simple and affordable solution for your organization - Hazira.
Hazira is one of the most cost-effective employee management apps in the country. From a single app, you can access various support features for employee management, such as-
- Daily Attendance
- Employee Information Vault
- Work Shift Planning
- Report
- Payroll Management
- Digital Contract Signing
- Document Vault
- Custom Settings
- Free Customer Support
Why we are saying it is cost effective, lets see- Four Packages of Hazira & their prices -–
01. Basic Package -
Company Size - 0 to 20 Person
- ৳1500/ Month
- ৳15,000/ Year
02. Standard Package-
Company Size - 21 to 50 Person
- ৳3,000/Month
- ৳30,000/ Year
03. Premium Package-
Company Size - 50 to 99 Person
- ৳4,500/ Month
- ৳45,000/ Year
04. Enterprise Package -
Company Size - 100+ Person
- Based On Discussion
- Contact Us -
- Phone: 01967391554
- Email: info@hazira.com
Start your journey with Hazira in three easy steps!
1st Step- Register or sign up on Hazira:
First, as the owner of the company Register & start your journey with Hazira. Immediately after registration, a verification email will be sent to your inbox. You need to verify your email using it.
(If you don't find the verification email in your inbox, please check the spam folder.)
2nd Step- Set up your company:
Once the verification is complete, log in. Now, set up your company on Hazira by providing all the necessary information about your company or business.
3rd Step- Enjoy the various features of Hazira:
Afterward, you will be able to see Hazira's dashboard. Enjoy the various features of Hazira easily and at an affordable price! Hazira is available on both web and mobile applications.
Web Application: You will need to use the web application to carry out your organization's administrative tasks.
Hazira's Web Application
Mobile Application: The Hazira mobile app will make managing your organization's daily tasks even easier. Download the Hazira mobile app to simplify employee management.
Watch the demo video to learn more about all the features and activities of the Hazira app.
Demo of Hazira- Employee Management Application
30 Day's Free Trial!
On Hazira, you can start a free trial for the first 30 days. After that, choose a package that suits your business needs and achieve success. So, don't wait any longer—come to Hazira today!