A Happy Business Is a Successful Business


Your employees are the lifeblood of your organization. They allow you to deliver your product or service and often are the face of your company to customers. And today, with customer loyalty waning and operating expenses increasing, you need your employees more than ever before. You need them to be efficient, hardworking and happy. Yes, happy.

Research has shown that when morale is high, your company’s efficiency and profits will be higher.

With customer loyalty waning and operating expenses increasing, you need your employees more than ever before. You need them to be efficient, hardworking and happy. Yes, happy.So what makes your employees happy? According to a recent study on job satisfaction from the Society for Human Resource Management (SHRM), the world’s largest association devoted to human resource management, the top drivers of employee satisfaction are as follows:

  • Benefits
  • Communication between employees and management
  • Compensation
  • Work/life balance
  • Job security
  • Relations with immediate supervisor

While you may be too financially constrained to offer pay increases or enhance your benefits package, there are some simple actions that can help make your employees feel valued.

  • Give them a voice. Employees want to know their ideas and suggestions are appreciated. Develop programs that allow them to share ideas on how to improve the company and increase employee morale.
  • Recognize successes. Your top performers want to know their hard work is appreciated. Make it a point to mention their successes in company communications or to put the list of top performers on the white board where all can see.
  • Express gratitude. Create a thank-you culture. Write letters to employees who have gone above and beyond, and encourage their co-workers to do the same. Remind your employees how vital they are to the success of the company.
  • Reward them. Recognize accomplishments. If you cannot pay a bonus, consider giving hardworking employees a day off for their hard work. Or give them movie tickets and an afternoon off.
  • Create a fun work environment. Cookouts, Halloween costume contests, holiday gift swaps and birthday get-togethers can make the workplace fun and help promote good relations between your employees.
  • Terminate negative employees. A single staff member can affect the morale of an entire company. Make sure you surround yourself with positive employees and managers.
  • Create growth opportunities. The best way to show employees you value them is to give them more responsibilities. If employees want to learn a new skill, give them the opportunity to do so.
  • Gather together. If you can, gather outside the office for company outings or set aside a time of the month for a group breakfast or party in the office.
  • Encourage positive management. Ensure that your managers are positive leaders and dedicated to the success of the company and their subordinates.

While these can seem like time-consuming , they can go a long way toward increasing morale and, ultimately, productivity. It’s a winning situation for you, your employees and your bottom line.

 

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