Employee Management System in Bangladesh
The employee retention rate is relatively low in Bangladesh compared to other developed countries. The turnover rate is around 20% and the number is increasing day by day.
One potential reason for this trend could be the lack of formal HR practices in many companies, making it difficult for managers to effectively handle employee issues and concerns. However, there is a simple solution that you can apply to solve this issue, which is, implementing an employee management system into your company
This automated system can effectively handle all aspects of employee management, ensuring accuracy and fairness in all processes, thereby eliminating any confusion and ensuring that employees are not treated unfairly. This article will tell you everything about the employee management system and how it can improve the workforce of a company in Bangladesh. Let’s take a closer look at the topic.
What Is A Employee Management System?
As the name suggests Employee Management System is a software application that helps businesses manage and automate various tasks related to the management of their employees. These tasks may include tracking employee information, managing payroll and benefits, scheduling and attendance tracking, performance evaluations, and other HR-related tasks.
The system may also include tools for communication, collaboration, and document management among employees and management. Overall, the goal of an Employee Management System is to streamline and improve the efficiency of managing a workforce.
The Key Features of Employee Management System
The employee control system comes with several important features. Some key features of an EMS include:
The leave management module basically works with the managing leave request. Through this module, an employee can ask for leave, and the manager can approve it.
You can also check how many days of leave you have left, the leave policy, leave history, and things like these on the same platform.
Employee Attendance Management System
One of the main tasks of employee tracking software is to monitor their attendance including clocking in and out, and calculating hours worked.
Task assignment, tracking, and collaboration – these three crucial tasks are maintained by the tasks management module.
The EMS also keeps the history of completed tasks so that the employer can evaluate employee performance easily and identify areas that need to improve.
Employees can enter and track their business purpose-related expenses with the expanse management module. With this feature, you can get a report of spending patterns that might give you ideas about areas for cost savings.
To communicate important announcements, updates, and news to their employees, notice management is a key feature that most employee control system comes with.
The notice management module basically creates publish, and distribute internal announcement and notices, sends emails to the respective persons, creates an archive for past notices, and so on.
Why Your Company Need An Employee Management System
After seeing the main modules that an EMS comes with, you might be wondering whether they are beneficial for your company or not. Well, in this section we will discuss the benefits you can enjoy after installing this system in your company.
Your company should implement an EMS for the following reasons.
Streamlining HR Processes
An EMS can automate and centralize HR tasks such as onboarding, time tracking, payroll processing, and performance evaluations.
The EMS can provide a platform for communication between employees and managers, improving collaboration and reducing the risk of miscommunication.
Enhancing Employee Satisfaction
An EMS can provide employees with easy access to information about their benefits, pay, and performance, leading to increased transparency and satisfaction.
By automating manual processes and reducing the risk of errors, an EMS can help your company to become more efficient and save time and resources.
An EMS can help ensure that your company is in compliance with all relevant regulations, such as tax laws, labor laws, and privacy laws.
When Should You Go For Employee Management Software?
The best time to implement Employee Management software in your company depends on several factors, including the size and complexity of your organization, your HR processes and needs, and your budget and resources. Generally, the following stages are ideal for implementing an EMS:
- Start-up phase: For small companies or start-ups, implementing an EMS early on can help to streamline HR processes and manage employee information from the beginning.
- Growth phase: As your company grows, it may become more difficult to manage HR processes manually. Implementing an EMS at this stage can help to keep HR processes efficient and centralized as the company expands.
- Maturity phase: For mature organizations, implementing an EMS can help to improve HR processes and employee management that may have become outdated or inefficient over time.
What Do You Need to Check Before Picking Out The Most Suitable Solution For You?
If your company falls into the above-mentioned category, you might want to go for an EMS now. But choosing software is a little bit difficult as your company’s future is related to this. And software is something you can’t change every year.
Because of these reasons, be sure about your buying decision. So, before choosing the most suitable Employee Management System for your company, it is important to consider the following factors:
Ensure that the EMS offers all the features and functionality you need to manage your HR processes, such as recruitment, onboarding, payroll processing, and performance evaluations.
If you have an existing payroll system, time and attendance system, HR analytics tool, or other and you want to keep utilizing them, check out whether the new EMS can integrate with other systems or not.
Your business won’t remain the same after a couple of years. Ensure that the EMS can be customized to meet your specific HR needs and processes as you continue to grow up.
Consider the ease of use of the EMS, both for HR personnel and employees. Ensure that it is intuitive and user-friendly.
Security is a crucial factor that you should always check. Ensure that your chosen EMS offers robust security features to protect sensitive information.
Be practical about your budget. Go for a system that fits within your budget. Unless you might face a difficult situation in the future.
Checking the manufacturer’s quality is an important part of your buying journey. You should choose a vendor that provides reliable after-sale service.
Now you know all the basics about the employee management system in Bangladesh. You must understand, how much potential this software holds in the employee sector. If you want to streamline your operation process more efficiently and get accurate insights into your employee performance, it’s high time you should invest in this system.