Although keeping customers satisfied has been a constant business goal, many businesses need to consider the happiness of their employees.
It’s crucial to keep employees satisfied For Business.
Although keeping your employees satisfied is generally the best choice, however, it can bring many benefits for both your company and you. Here are a few principal benefits associated with an enthusiastic team.
Improved productivity
Researchers from the U.K.-based University of Warwick found that happiness at work can lead to an increase of 12 percent in productivity while stressing results in a reduction of 10. This isn’t surprising since those who are content at work will have shorter breaks at the coffee shop and bathroom breaks which are more meant to be a time for relaxation outside their offices. However, unsatisfied and stressed employees can easily become lost in their jobs. For any company that is watching its profits, The observation that happy employees are more productive should be enough to put money into their happiness.
High engagement
Engaging employees is among the most crucial things that your business can accomplish. Engaged employees are enthusiastic about their job and eager to make a difference. Happiness among employees is one of the primary factors driving engagement of employees. Active employees will feel more connected to the success of their workplace.
Increased creativity
As satisfied employees are more enthusiastic about their work, they can see the bigger picture and provide innovative ideas to help the entire business. Employees who feel comfortable being risk-averse and offering creative ideas are essential for the company’s creativity.
The absence rate is low.
Unhappy employees should be more dedicated to their job. They can have excuses or distractions as to why they aren’t able to show up at work, which can increase the overall rate of absenteeism among employees. However, happy employees are enthusiastic about going to work and will be driven to be there at the right time.
Better retention
The happiness of employees plays a major factor in the turnover of employees. The research conducted by the Development Academy found that more than 75% of unhappy employees are seeking to leave their current jobs. Employees who are satisfied and happy with their job are less likely to seek out other opportunities. Training and recruiting employees are among the most costly activities an organization can undertake, and retaining satisfied employees can greatly impact your business’s bottom line.
FYI: High employee satisfaction isn’t the only factor that influences the retention of employees. If your company struggles with high turnover, look at our article on the 12 reasons employees leave.
How can you ensure that employees are happy?
How can we accomplish this if we can all think that keeping employees content is essential? The most effective way to keep your employees in your business happy is to survey them and then act upon their feedback regularly. Here are some tried and tested strategies that can be applied to your company.
1. Create an inclusive work environment.
Begin to create an inclusive and diverse workplace by bringing on employees who reflect the values of your business. Make sure your leaders are demonstrating these values as well. A welcoming workplace that values the individuality and diversity of employees is the ideal way to increase the satisfaction of employees. People prefer working with happy people, and happiness is infectious. If your employees are so glad and comfortable, it could be a multiplier effect for the rest of your employees – provided you have a great environment for all employees.
2. Recognize the achievements of employees.
Based on the Development Academy, more than 70% of the people surveyed felt that dissatisfaction is the most significant cause of employee discontent. It is crucial to show appreciation to employees in both large and small ways to make sure they know how much you appreciate them. You could establish an official employee recognition program. You can also ensure that all employees provide positive feedback to each other whenever they can.
Remember that every employee has their requirements for feeling valued and applauded. One of the most costly mistakes managers commit is to praise their employees using the incorrect “language.” Please make certain to ask your employees what they prefer to be acknowledged.
Tippit: Recognition of employees doesn’t need to cost a fortune. Look over these inexpensive ideas for employee recognition.
3. Offer flexible scheduling.
Since remote work and flexible working hours have become more popular recently, workers have quickly discovered that they prefer flexibility. In the Development Academy survey, more than half of employees said flexibility was why they were satisfied. Flexible schedules will help employees improve their work-life balance and the general workplace atmosphere. If you’re flexible in the schedule, your employees will appreciate it.
4. Benefits and salaries that are comprehensive.
Comprehensive and competitive employee compensation and extensive employee benefits are vital to keep and attract employees in the current competitive environment. The labour market is competitive, so you’ll have to increase your offerings to be competitive.
But paying your employees what they’re worth is crucial to the satisfaction of employees. The fact that you offer competitive salaries and benefits shows that you appreciate your employees and are concerned about their wellbeing. Examine benefits and compensation every year at a minimum to ensure that you align with the industry standard.
5. Train staff in the appropriate way and training.
If you would like your employees to be happy, providing them with the tools for their work is essential. If they’re expected to work with a new software system, ensure you provide instruction, guides, and time to adjust to the system. If the new policy goes to be implemented, you should explain what it is rather than the reason for it and the benefits it can bring to employees and the company.
As your employees develop within your organization You should provide opportunities for career development so that they can improve their skills and grow professionally. Growth and learning aren’t just essential for employee satisfaction and crucial for employee retention.
