As an entrepreneur, you may be the one with the capital and authoritative rights, but in core terms, your employees drive its success.
While building and sustaining a business requires a lot of hard work, dedication, and financial investment, the key to maintaining a company, is to take care of your employees. Ensuring that your employees are happy in their respective job roles and will not leave if given a slight chance is equally important as raising the capital for the company. It has been well said that an owner may be in the driving seat of an organization, but it is the task force behind that steering when that determines its future. “
It is always best to keep your employees' best interests in mind as they are the primary source of your success. They influence the number of tasks you can deliver per day and determine the degree to which you have secured profitable relationships with your clients.
Keeping an employee happy can be as simple as giving a 5% raise and as complex as organizing an employee development program for your workers to update their knowledge and increase their overall potential. You may offer compressed workweeks in times of little corporate stress to let the employees unwind and recharge for months where more significant input is required.
Listen to Your Employees
Research conducted on employee productivity suggests that people who are given more work to finish and a minimal sense of belonging to the organization have a higher chance of decreasing productivity by 68%. On the contrary, employees with a firm sense of belonging in their organization tend to work harder and are 27% more likely to report incredible performance.
Listening to your employees does not only imply hearing what they have to say. It also requires genuine interest from the managers so that your employees feel listened to and go on to self-motivate themselves.
Ask your team members to bring their ideas to the table, no matter how absurd. Encourage them to speak their minds. And once they do so, appreciate that they came forward to say what they believe will do wonders for the company. Allow open communication and the free exchange of ideas between managerial positions and employees so that there is no unspoken barrier between the two.
Retention Of Talent
Hiring is a tedious process in which a company uses many of its essential resources to locate, screen, and attract potential candidates. Undoubtedly, it takes up a lot of time to be spent doing the actual profitable tasks. This is where the retention of the proficient and talented task force comes into play. It spares the company the time and energy to recruit candidates if and when a current employee decides to leave.
Managers can bring about tremendous retention of talented individuals through employee development programs such as relevant training work trips that allow employees to explore and excel in their fields. By retaining the best candidates with you for a long time, your reputation automatically increases as people begin to see the value of what you provide. This aspect then becomes one of the pros that new candidates keep in mind when searching for jobs.
Such employees who see the value of their presence in the company are loyal and hence, more resistant to leave the company in times of severe distress. With the amount of recognition and importance they get from their employer, they begin to find their purpose in working for the company. It does not only become a matter of the salaried job but instead the self-growth of an individual.
Happy Employees Make Happy Customers.
The firsthand experience of an employee that they share with a client is the most important and valuable way of building profitable relationships with customers. That unique mode of communication between your employees and your clients compels people to work with you. After all, it is your employees and not you who are in direct and regular contact with your clients.
How you treat your employees directly influences your business and your clientele. If the employee is genuinely happy about how they are treated in a company how much importance they carry through their skills, they will be more likely to convey the same to your clients. On the contrary, if the employee is not satisfied with their job role and has to attract new customers just for his job's sake, there are high chances that people will notice the employee's unspoken resentment.
Motivation
Good managers act as motivational speakers for their task force. They boost their morale and empower them to do things they had not imagined they would ever be able to do. Recognizing this potential in an employee and then going forward to motivate them to achieve bigger goals in life is one of the many tasks entailing a managerial position.
Connect with your employees on a personal level so that you get an insight into what their ambitions are, what kind of lives they have led since today, and what in particular brought them here working in this company. Only after getting to know these details will you figure out an employee's true potential.
Being a leader does not only mean leading the team. It is also to empower your subsequent candidates to get a position one day that is the same as yours.
Conclusion
Companies that invest deeply in the well-being of their employees are much more likely to be successful and profitable in the longer run, as compared to the ones who treat their employees as mere enslaved people and only a means to their success. Employee development programs broadly use the concept of self-growth and motivation to let the employees find an anchor in respective organizations, which then helps them to be hardworking and loyal.
Business productivity is an important aspect since it determines how well a business grows.
With that said, the following are simple ways of boosting business productivity.Invest in Quality EquipmentIf you want your workers to deliver quality work and operate efficiently, then you need to ensure the tools and equipment they use are quality and effective.
This is how you kill their morale.
So, find different ways of using it to your advantage.
For example, go digital with your operations.
Find out how you will incorporate technology in your business.Keep your Employees HappyIf your employees are operating under high pressure, they turn out to be less productive and unmotivated.
According to a report, the major reason people drain their savings is due to unforeseen medical emergencies.Therefore, one way of showing them how valuable they are to you is by covering for their healthcare needs.You can do so by providing health insurance.
If you are still wondering how health insurance can affect the finance of your employees; here are some points that can enlighten you.
The medical costs have increased significantly in the past couple of years, and are bound to keep rising.
Changing lifestyleMedical emergencies can occur at any stage of our life.
The main reason for the increase in health issues is the changing lifestyle.
This changing lifestyle requires the employees to be prepared financially; regardless of its magnitude.
Are you looking for ideas on how to engage employees at the workplace?
Here are 11 Virtual employee engagement ideas to reduce absenteeism, increase employee retention, and boost productivity.
Having motivated employees willing to go the extra mile to help grow a company makes all the difference.However, many companies fail to take care of their employees.
Companies today understand that their employees are essential elements in their operations.
The bottom line is - if you want to increase employee productivity and loyalty, you need to show them how important they really are.2.
As a brand or company, your reputation depends on how your employees represent your business.
They want stable employment and a safer future.
Poor management, bad work conditions, and lack of respect are the primary reasons why employees look for other jobs.However, if you manage to keep your employees happy, they will want to stay.
Are you looking for Employee Workforce Management Software to excel your business productivity?
Check out how Travelize will work for your business & connects the mobile workforce in one platform.
It is a cloud-based software that helps organizations to increase employees’ work performance, saves time & a cost-effective solution.
