Everything you need to know about employee management
Sajid Sharif - PGD (HRM), Certified Labor Law Practitioner
Human Resources Manager | HRBP | Passionate Social Activist | HR Trainer | Visiting Faculty | HR Consultant | 20,000+ Local & 1,000+ Global Hirings | Empowering SMEs with 100% HR Compliance (40,000+ Strong Network)
What is employee management?
Employee management is a process that helps your workers perform at their best and achieve your business goals. It’s a holistic process that covers almost everything related to human resources such as new employee recruitment, payroll management, performance management, and more.
Employee management covers three key areas:
The 4 key benefits of managing your employees
Here are three benefits of implementing an effective employee management system.
1. Improves the efficiency of your workflows
You’ll have no difficulty streamlining workflows when you effectively manage your employees.
How?
Think about the three aspects we mentioned earlier:
You’ll be able to:
This way, you’ll have the right people and the right procedures in place to ensure that things always run smoothly!
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2. Boosts your employee’s productivity and motivation
An employee who feels unappreciated will feel indifferent towards their work. That’s why making your workers feel valued can significantly improve employee productivity.
An employee management system helps you connect with your employees on a personal level and get their feedback on various business policies and processes.
This helps them believe that their opinions are valued and taken into account when making business decisions. This, in turn, improves employee engagement as they now feel like they have a say in the company!
3. Ensures the security of your data
This aspect was earlier important only in specific sectors like financial services, law, companies investing heavily in R&D, and so on – where data security is paramount.
However, with the growth of remote teams, this is becoming important in all companies that have a remote workforce.
Most businesses manage tons of important and confidential data every day.
So how do you ensure that those important files and documents remain safe?
By carefully monitoring and managing your employees!
A strong employee management system can help you keep track of documents and other data. It links each employee to the documents they are responsible for and reduces inefficiencies in data handling. This way, you won’t have to worry about your data’s security anymore!
4. Lower employee costs
Employee turnover is one of the most expensive costs that most businesses undertake. According to a CAP study , the average cost of replacing a salaried employee is 6 to 9 months of their annual salary.
To put that into perspective, if you’re looking to replace a manager earning $40,000 annually, you’ll have to spend $20,000 to $30,000 in recruiting and training expenses!
Luckily, employee engagement can help with this.
Remember, effective employee management results in happier, more engaged employees. This way, they’ll be more motivated and satisfied with their jobs. And when your employees are confident at work, they’re less likely to leave!