The Key to Retaining Happy Employees
In every successful business there's a powerhouse that keeps the engines running behind the scenes, and thats the employees. They’re the backbone and are the driving force behind our company's triumphs. Without their dedication and hard work, our business simply wouldn't run like the well-oiled machine that it is. When our team feels appreciated and they bring their best selves to work and are more likely to stick with our company instead of looking elsewhere. Here’s how to go about it.
Fair Pay
Nobody likes feeling undervalued, especially at work. And a low rate of pay for the work done and the experience or qualifications the person has will certainly leave them feeling undervalued. Fair pay builds trust and loyalty for employees too which is a win-win for everyone, so make sure your rates are competitive so that your team is happy with their wages, and an efficient payroll system so that everything is always paid on time.
Employee Benefits
As employees, let's go beyond the basics and give our employees some amazing benefits on top of their paycheck. Health insurance, retirement plans and paid time off are all things that essentially say ‘we care about you’. When our team feels supported and cared for, they'll be happier and more focused on the job. Of course, these things always have to be weighed up against the bottom line so that we’re still making profit. But trying to skrimp and leaving employees unsatisfied wont maximise your business, instead it can lead to a high employee turnover rate which costs your business more time and money.
Training and Career Growth
Offering training and learning opportunities keeps our employees sharp and ready to tackle any challenge that’s thrown at them in their job roles. It also helps them to feel motivated as they’re continuing to learn and improve rather than feeling like they’re stuck in a dead-end job. Providing clear paths for career growth gives our employees something to look forward to. When they know there's room to climb the ladder, they'll be super motivated to shine in their roles. Look at things like workshops and online courses, we want our team to be up to date with the latest trends and knowledge so that they can keep our company running at its best.
Happiness
Happy employees means a thriving workplace. When our team feels valued and supported, they'll do their best every day. That means more creativity and efficiency for you and a nicer work environment for all. Consider providing a nice work area with comfortable chairs, good decor, plants and beautiful office signage. Make a space for employees to relax before work and during breaks, and be a relatable boss that employees can come to if they need to.