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The 5 Things You Need To Provide For A Happy Workforce

July 26, 2022/in Managing Your People/by StrategyDriven

Today’s workforce is very different from the ones of the past. To attract and retain employees today, providing an environment that meets their needs and expectations is essential. This requires a new way of recruiting, onboarding, and retaining top talent.

Changing your way of thinking about employee retention isn’t easy. And it can be challenging for most company leaders to make this leap of faith. If you are sick of losing good employees, read on to learn why happy employees leave and what you can do about it right now.

The Problem With Employee Retention

Undoubtedly, employee retention is a massive problem for most companies. According to the Society for Human Resource Management, the average employee leaves their job after less than two years. Although there are many reasons employees leave, the Workforce Institute research indicates that most people leave their jobs because they don’t feel appreciated or are treated poorly.

Almost two-thirds of workers said they felt more appreciated at their last job than at their current one. That’s a lot of unhappy employees who might look for a new job soon. When your employees leave, it costs you money. And it takes time and money to recruit new talent, onboard them, and get them up to speed.

What Are The Benefits Of A Happy Workforce?

A happy and engaged workforce can do so much for your company. Employees who feel valued and appreciated are more likely to stay with their company. Looking after your staff means you enjoy improved efficiency, among other things. They’re more likely to put in more hours, work harder, and be more innovative than employees who don’t feel valued. A happy workforce is contagious; employees want to share that feeling with others when they feel valued.

1. Offer Remote Work And Flexible Work Hours

If you have employees who travel frequently, or if your business is in a field that requires employees to work remotely, this is an easy win for your company. Offering remote work or flexible hours shows your employees that you understand that their lives are not all contained in their work hours. In addition, when you offer these benefits, you show your employees that you care about them as people, not just as workers.

2. A Little Bit Of Recognition Goes A Long Way

It’s important to remember that your employees are human beings. They crave recognition for the work they put in and the challenges they overcome. The problem is that most companies don’t offer much in the way of credit. When you offer your employees more recognition, it shows them that you care. It shows that you are aware of their contributions and that you appreciate them.

3. A Workplace Where Employees Feel Valued

To feel valued by your company, employees need to see that you appreciate them. You must treat your employees with respect, pay them fairly, and offer benefits that increase their quality of life. Employees feel motivated to do their best when they feel valued at work. As a result, they feel like they belong in the office and want to stay with the company.

4. Culture Is Key

It’s no secret that the most successful businesses have strong cultures. When you focus on creating a positive and engaging workplace culture, you make your employees feel like they belong. You let them know that they are appreciated and needed. A strong culture also means that you have a set of values that are clear to every employee. This helps make decisions and solve problems easier, as well as build trust among your employees.

5. Pay For Professional Development

Most employees want to grow and learn new things. They want to expand their skill sets, try new things, and challenge themselves. They want to look back after a year or two and know they have accomplished something meaningful. When you offer the opportunity for employees to attend conferences, take online courses, or attend training seminars, you show them that you care about their professional development. You can take this one step further and help workers from other walks of life work for you. Applying for LMIA can help you find workers to fill an imminent need in your company.

The Bottom Line

A happy workforce is one where the employees feel valued, are challenged, and are part of a strong culture. When you take the time to invest in your employees and create an environment where they can thrive, you are less likely to lose them to opportunities elsewhere. Replacing your old ways of thinking about retention with new ones makes keeping your best employees much easier. Remember, it’s not enough to hire good employees; you also need to keep them engaged and motivated, so they want to stay with your company for the long haul.

A Flexible Approach: Adaptable Working Hours are the Key to Employee Retention

June 5, 2020/in Talent Management/by StrategyDriven

It wasn’t too long ago that the 9-to-5 was the schedule that everyone adhered to just to bring home the bacon. But recently, studies have shown that this leads to a lot of burnout, as well as reduced employee retention.

More and more employers are looking to the flexible hours schedule in order to keep their employees happy. So how exactly does this work?

Flexibility Versus Fast-Paced Work Environments

More employees are looking for a work-life balance that also takes care of their mental health. The fast-paced work environment used to be the popular one, the work itself giving people a purpose to go into the office every day.

But that has changed; people aren’t seeing the benefit of working for money if they don’t have the time to enjoy it as well. The ability to work remotely has also made the flexible work environment a possibility, as people can log-in whenever they’re needed to get work done, meaning that they can schedule their other activities throughout the day while still meeting deadlines.

If you’d like to learn a little more about how easy it is to transition into a flexible work space, check out Businesstrex.

Benefits of Flexibility

Sick of having to rehire employees over and over again for the same position? Spending money on all that training tends to get quite expensive. Instead of constantly filling in the gap, you can retain employees at much higher rates by creating flexible schedules.

Employees will be much happier in the long run knowing that they have some power in the flow of their workday. And happy employees means that they’re less likely to look for work somewhere else.

Studies have also proven that when given the power over their schedules, employees are likely to be more productive in a single workday than working a 9-to-5.

Making the Transition

Many employers believe that they need a major overhaul of their structures in order to make the flexible workday a possibility, but it’s a lot easier than they think. They won’t have to buy as much furnishings for their offices, nor will they have to buy new computers, have operating systems installed, and security technology installed on every one. Flexibility allows for the employees to use their own computers, just as long as the proper security measures are also installed on these PCs.

No need to install huge servers either; the cloud is making it easy for everyone in the company to have access to the same information without having to pay for extra tech support to ensure that the servers are running smoothly.

More and more companies are already making this change anyway, so it would be beneficial to stay with the current trends than to get left behind in the dust.

Test the waters first by having a flexibility week in the workplace and see how it goes. Allow your employees to come into the office when it’s best for them, or let them work remotely from home. You may be surprised by the results you get from allowing your employees to work at their own pace.

Retain Your Employees for Longer

March 12, 2020/in Managing Your People/by StrategyDriven

When you’ve taken a lot of time and effort to find and recruit the best employees for your business, it can be pretty upsetting when they decide to leave, not least because you’ll have to go through the whole process again and that can cost your business dearly in terms of time and money.

That’s why it’s always a good idea to be proactive and do everything you can to retain your employees for as long as possible. With that in mind, here are some of the best techniques for keeping your employees for longer…

Give them more responsibility

Giving your employees more responsibility is a great way of showing your trust in them. It also gives them more autonomy over their working days, which can lead to a greater level of job satisfaction. If you’ve hired the best people, there’s no reason to loom over them – just leave them to it.

Respect them

Employees are unlikely to stay with a job when they feel disrespected and underappreciated. That’s why it’s so important that you show them respect at all times. Don’t talk down to them, talk with them and make them feel that their opinion matters because actually it does.

Give them development opportunities

Whether you sponsor them to upgrade their contractors license or let them attend college once a week to learn code, for example, investing your time and money in your employees’ learning and development is a great way to keep them engaged. It shows them not only that you care, but also that they will be able to grow and progress within your company instead of having to look elsewhere for career fulfillment.

Share revenue with them

This may not be possible depending on the structure of your business and various other factors, but if you are able, you may want to consider setting up a revenue sharing scheme whereby a percentage of your profits will go back to your employees. There is no better way of showing your appreciation, motivating your staff and keeping them onboard than rewarding them financially for their loyalty, and this is a great way of doing that.

Give them lots of time off

Nobody wants to work for a company that works them to death, and anyway, employees who are forced to work long hard hours don’t exactly perform as well as they could, so be that generous boss. Be the boss who knows how important rest and relaxation is and offer a generous amount of paid time off for vacations, sickness, the birth of a new baby, mental health days. It might sound expensive, but it’ll cost you less than unmotivated employees or having to recruit new staff because your existing employees are burnt out.

If you want your employees to stay with your business for the long haul, you need to put the effort in. No one is going to stay in a place where they are overworked and underappreciated for long, so take you5r commitment to the good staff you have seriously starting now.

Employee Benefits: What You Should Know As An Employer

November 20, 2019/in Talent Management/by StrategyDriven

As an employer, one of the smartest things you can do is offer employee benefits in the workplace. Some employee benefits are pretty self explanatory and should come as a standard – such as water, tea, and coffee. Your team shouldn’t have to bring in their own basic refreshments.

However, you should offer more than the bare minimum. You want your workplace to be set apart from others, and your benefits to be a little competitive at least. Benefits vary from company to company, but they can easily make your workplace a more pleasant place to work for your team. Below, we’ll go into more detail on employee benefits and what you should know as an employer:

The Types Of Benefits You Can Offer

There are all kinds of benefits you could offer as an employer. This may include:

Health insurance (required to be offered by larger companies)
Dental insurance
Vision care
Life insurance
Paid vacation leave
Personal leave
Sick leave
Fitness

There are many optional benefits, and many companies offer the above simply to stay competitive. Extra bonuses, such as stock options, can also be a nice addition.

Employee Retention

Many employers are deciding to increase the use of bonuses, perks, and incentives to recruit and retain employees. Making the workplace more comfortable with benefits can ensure employees stay loyal and stick around in the long term. While you need to stick to a budget and you can’t be frivolous with spending, having benefits, bonuses, and perks that keep your employees happy will ensure more productivity, higher quality work, a more pleasant work environment, and more.

Creating A Nice Work Environment

While the benefits can help to contribute to a nicer work environment, they’re not going to do all of the work for you. Having Payroll HR in place will ensure your employees are paid on time and that everything is kept above board, which should be another concern of yours.

Setting Up Flexible Spending Accounts

Many employers set up flexible spending accounts, and these accounts are regulated by the government. The accounts allow you to set aside pretax dollars, and these dollars pay for things like daycare and medical expenses. They will decrease your taxable income as well as give more freedom to your team, so you should take advantage of one if possible.

Caring About Your Employees

Of course, providing benefits gives you the opportunity to actually make things better for your employees. The benefits should come from a genuine place of wanting to help them and caring for their wellbeing. An employer that shows they care will always stand out from the rest, and your team will be far more likely to stay loyal to you. Even offering things like verbal praise and support can go a long way to making the work environment nicer for them and encouraging them to keep going.

Many employee benefits are not compulsory, but that doesn’t mean you shouldn’t offer them. Wanting the best for your employees will go a long way. And that includes oral care for your employees with reputable dentists like the Dentist In Grand Blanc.

4 Ways Reduce Employee Turnover

July 29, 2019/in Talent Management/by StrategyDriven

Many organizations experience employee turnover. Replacing competent and experienced employees is a challenge for many companies. Most of them struggle to retain their staff. New Jersey businesses can give their employees annual leaves to rest. They can visit the Resorts Casino during weekends to get an online welcome offer. It helps them relax their minds and improve their productivity at work. Employers can minimize employee turnover in different ways.

Give Competitive Wages and Benefits

Everyone has basic needs such as food and housing. Most employees try to earn extra benefits to increase their savings. An employee might leave your organization if you offer low wages. It is prudent to research the current wages which similar businesses offer to determine the right salary for your wages. For example, Colorado tech-firms offers similar benefits to their IT specialists. Offer competitive benefits to retain experienced staff.

Appreciate your Employees

Most organizations encourage and recognize hard-working employees. It motivates them to perform their roles diligently. For instance, you can congratulate a certain department once they complete a difficult project. However, it isn’t necessary to compliment them at all times. Instead, it is prudent to create a friendly environment to make your staff feel acknowledged and appreciated. You can make annual performance analysis to promote devoted staff.

Project a Career Path for Your Employees

Many workers apply for jobs in other companies when they stagnate in a certain position for long. They strive to increase their knowledge and expertise in a certain field. Show your staff a clear career path to instill a sense of purpose and direction in them. You can change an employee to a higher position or another department to hone their skills. Nevertheless, it is important to inform your employees before you switch their positions.

Set Flexible Work Schedules

Create flexible work schedules for your employees to allow them to adjust their location and work plan. Everyone needs a work-life balance to remain healthy and productive. Flexible schedules allow employees to spend adequate time with family and friends. However, some organizations have strict work schedules. They have fixed work hours which all workers must adhere to.

The current job market is highly competitive. Companies with high employee turnover experience numerous financial constraints. They spend a lot of time and money recruiting and training new staff. Organizations can offer flexible work plans and benefits to minimize employee turnover. Also, they can assign new roles to employees to help them advance their careers.