Employees are your company’s most valuable resource. Which is why there is stiff competition between companies to retain their best team. But, employee retention is becoming progressively tough, as PR managers will tell you. What with competitors willing to lure employees away with any number of attractive offers, there is only one way to ensure employee loyalty: by ensuring employee well being. Research shows that all things being equal, employees prefer to work at a place that takes care of their happiness. At times, they are even willing to compromise on the fringe benefits if they feel that the company has taken steps to take care of their happiness.
It’s not just retention, you can reap a number of other benefits by ensuring the well being of those working for you. When you have a team of happy coworkers, you will notice productivity going up. There will be a spirit of camaraderie and cooperation rather than competition between team members. When they are happy, employees are less likely to crib or withdraw from activities that are outside their responsibilities. Happy employees are friendly, positive and energetic.
A few simple measures on your part can ensure employee well being.
Keep the environment happy: Dingy, cramped offices and uncomfortable seating arrangements are great deterrents. Remember that your employees are spending a good amount of their time here. A pleasant environment, good lights, comfortable chairs and a few happy extras like a good restaurant or gym can boost employee productivity. Reports suggest that such amenities often lead to a dramatic improvement in concentration, memory and energy levels.
Facilities: One of the best ways to ensure employee well being is to provide them with facilities that count. Take steps to make your staff feel valued. Minor details like providing decent coffee to your employees make them feel that they matter.
Flexi-working: When your employees are giving you their best, you need to reward them with a little consideration. When they need to take time off unexpectedly or come in late once in a while, help them create a work schedule that eases their burden. With the advent of the computer, it is even possible to allow some amount of telecommuting.
Intuitive evaluation: As the boss, you need to remember that all employees are not created equal. So, do not evaluate your employees blindly. Be sensitive to their strengths and weaknesses. Find out what jobs they like doing. If your employees express an interest in a responsibility outside their area of expertise, get them trained in it by all means. When employees get unexpected benefits, they are more likely to stick with you.
Fringe benefits: You may be giving your employees their bonus and yearly raise. Even so, there is nothing to beat a free meal! Take your employees out for a meal after a particularly hectic week of work. They will love you for it.
The trick is to give your employees tiny perks that make them feel appreciated. You really do not need to break your bank balance to take care of employee well being. Timely action is all it takes to build employee loyalty.
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