Keeping workers cannot only be done with bonuses

Hoàng Văn Minh |

Surprise bonuses can attract people, but to retain workers, businesses need a sustainable welfare ecosystem.

The fact that a FDI enterprise in Nghe An offered a bonus of up to 23 million VND to recruit workers, or many businesses in Hung Yen and Ninh Binh are willing to spend millions of VND to call old workers to return to work, is showing a clear reality that the labor market is shifting strongly from "job seekers" to "job seekers".

From a market perspective, this is a positive sign. When businesses have to increase costs to attract labor, it reflects that production demand is expanding, job opportunities are increasing, and workers' positions are improving. No longer crowded to find jobs, workers now have the right to choose a better place to work with higher incomes.

However, the fact that businesses offer high bonuses to find and attract people shows another problem. In fact, recruitment bonuses or return bonuses are mostly short-term.

Workers must reach certain working days milestones to receive enough money, meaning businesses are keeping them with a financial mechanism over time. But after the bonus milestones run out, what will keep them behind?

If bonuses are the only decisive factor, the labor market is very likely to fall into a vicious circle. Because one business offers a bonus of 10 million VND, another business can raise it to 15 million VND to compete, and workers move again. At that time, recruitment costs increase, but stability in production decreases.

Furthermore, for workers, "job-hopping" for bonuses is also not a sustainable option. Income may increase in the short term, but the instability of the working environment, lack of seniority accumulation and in-depth skills will make it difficult for them to build a long-term career path.

Reality shows that bonuses can attract workers, but are not enough to keep them. The decisive factor lies in a more stable and long-term welfare ecosystem.

That is a salary that is enough to live on and has a clear growth roadmap. It is a safe working environment, respecting workers. It is living conditions such as housing, meals, medical services, education for children. And no less important, is the feeling of being treated fairly, being recognized and having development opportunities.

Typically, in Nghe An, the fact that Luxshare ICT Nghe An Company - a business that is offering a bonus of 23 million VND to attract labor, has invested in dormitories and improved living conditions for workers is a noteworthy direction. Because these are the factors that directly affect the decision of workers to stay or leave.

In particular, in addition to the enterprise's welfare ecosystem, the role of trade union organizations at all levels is also very important in connecting labor supply and demand, monitoring policy implementation, protecting rights and contributing to building a sustainable working environment.

Offering high bonuses for recruitment is a quick reaction of businesses to the rapidly increasing demand for human resources. But in the long term, retaining employees cannot only rely on temporary bonuses.

Because after all, workers not only need a sum of money to start, but also a sufficiently solid reason to stay.

Hoàng Văn Minh
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