Each business will offer different benefits, depending on jobs. However, an attractive and appropriate remuneration regime is a lever to attract employees in all jobs, helping them develop their capacity to take the business far in the marketplace.

The well-deserved welfare regime, and modern working space at BQ Production - Trading Co., Ltd help employees work with peace of mind. Photo: T.V

Welfare benefits from materiality to spirituality

Mr Bach Ngoc Toan, an IT specialist having worked for 18 years at BQ Production - Trading Co., Ltd., has been with the company since the early days of its establishment. He has never intended to leave the company because of the company's welfare policy and the attention from material and spiritual life to employees.

"Our leaders always consider all of us to be family members so I and many colleagues have always strived to work effectively," Mr Toan shared. He also thought that the key factor to retain employees is that businesses need to create peace of mind with attractive welfare and income policies.

Sharing the same opinion, Ms Tran Thi Nguyet, sales staff at Ba Na Hills Golf Club said that the huge workload made her race every day to keep up with the schedule. Therefore, her company's timely attention made her feel the deep love between employers and employees. Not only does the company have the prescribed remuneration, but it also has many other benefits such as insurance, free shuttle bus, meals, outside activities, and foreign travel, helping her to have the motivation to work to her best.

According to Ms To Thi Nga, Head of the Human Resources Department of Gia Linh Co., Ltd., creating an attractive welfare policy to help employees to stick with the business is a difficult problem. This forces the leader to have a vision and know how to use people. A long-time dedicated employee is proof of the company's success in managing people.

In addition, enterprises must have a suitable remuneration policy for the functions and tasks of each position, promoting the spirit of learning, expanding thinking and developing expertise through training programs to meet the job’s demand. At the same time, the working environment is also a decisive factor in quitting, so enterprises must create opportunities for employees to give their opinions and suggestions, and listen and understand employees in the best way.

With long-term experience in people management, Mr Phan Hai, Director of BQ Production - Trading Co., Ltd. said that in the past, employees went to work because they wanted to earn money. However, now, apart from economics, non-material value is a prerequisite to retain employees. If the business does not have either of these, workers tend to look for other opportunities. Meanwhile, a business with constantly changing personnel will be difficult to develop expertise. Therefore, businesses need to consider the level of compensation so that talented teams will accompany them for a long time.

“BQ Company has experienced 18 years of development with a core team of cohesive and dedicated staff. I believe that if you do not give, you cannot receive. I create a comfortable and open space, a fair working environment, and worthy remuneration according to the employees' efforts and efficiency. More importantly, the company offers a promotion roadmap and regular professional training for employees to promote their inherent strengths. I always emphasize the importance of human resources to bring the company to sustainable development,” said Mr Phan Hai.

As affirmed by Mr Pham Si Nguyen, CEO of Enouvo Information Technology Development Company Limited with a scale of 260 employees, the welfare benefits are very significant to businesses. It not only helps employees increase productivity and work morale but also reduces the rate of leaving jobs, saves costs and increases the stability of the business.

“At Enouvo, over the years, we have always wanted our employees to develop holistically. In addition to the policy of supporting and improving the quality of employees’ life, we also create a working environment with a typical culture of "a happy family growing together", where they are free to share knowledge and learn new technology together. In particular, Enouvo values and empowers individuals to be free to create, and express their personality and opinions," Nguyen said.

More attractive benefits

Mr Tran Lam, a software programmer at Seta International Asia Co., Ltd., headquartered in Japan, said that not only young people but also long-term workers will change jobs when other businesses invite them with better compensation policies.

This is normal when living standards are getting continuously higher. Many businesses face difficulties because employees leave when the needs they want are not met. Therefore, the current trend of young people is looking for opportunities in foreign enterprises to have worthy welfare benefits. However, high compensation means you have to be able to handle the workload and withstand pressure many times over.

“In my opinion, in addition to salary rate, bonus, leave and insurance according to State regulations, the company must have other attractive benefits to retain employees. At my company, leaders pay more attention to health so that employees can feel secure to devote themselves. Besides, the working space helps me learn and improve my skills, that's also the reason why I have been with the company for the past 5 years," Lam said.

In the same vein, Enouvo IT Solutions Company also offers attractive welfare policies such as providing additional health insurance packages for employees. In addition, fully arranging lunch breaks, and doubling or tripling wages when employees work on holidays and Tet is one of the unique policies of the two companies above.

According to Mr Pham Si Nguyen, the attractive remuneration will come with many strict requirements such as qualifications, foreign languages, experience, and skills. Therefore, employees need to have a more objective view. To limit employees leaving jobs, companies must have clear job descriptions and requirements for each department. When recruiting,  companies must understand the needs of employees to assess the suitability of each job position. Enterprises must not offer untruthful policies and invisible benefits, which is a principle for long-term development.

According to Mr Tran Dinh Nhan, Director of DNGBIKE Co., Ltd., welfare benefits for human resources is an eternal issue for all businesses. An enterprise without a good remuneration policy certainly difficult to have a good team and the company won't grow either. However, small businesses do not need to confuse or worry because businesses having good welfare benefits also require highly qualified personnel. If enterprises are able to adequately meet the remuneration level for their employees, those enterprises will attract quality resources to ensure their development.

Reporting by HUYNH TUONG VY - Translating by T.VY