Making Sure Your Employees Feel Appreciated

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One of the biggest problems facing small business owners today is employee retention. This is problematic, as taking on and training new staff is a costly process, so if employees leave just a matter of weeks or months into their employment, you’re going to have to find yourself forking out all the initial costs again in replacing them. You will also waste a whole lot of time in recruiting and training new staff. What’s more? They may take the skills you’ve endowed them with elsewhere, benefiting a competitor in the field. So, how can you ensure that your employees stick with you and your company? Well, the first step is to ensure that your employees feel appreciated. It is generally said that staff lead bad employers rather than companies. They may enjoy their role and the tasks that they are expected to carry out. They may get on well with their colleagues. But if you’re not making them feel valued and respected, they may still quit. So, here are a few steps to ensure that every staff member working towards helping your company thrive feels valued!

Recognize Individuals

Small business owners are notoriously busy. It’s likely that you have all sorts of things to focus on, from product development to advertising and marketing campaigns. However, it’s extremely important that regardless of how much you have on your plate, you still take the time to recognize your employees as individuals. Make sure to remember every employee’s name. Ask a little about their lives on a regular basis. An employee who is greeted by name and asked how particular aspects of their lives are progressing when they get into work in the morning are much more likely to feel warmly towards you than an individual who turns up and feels as if they are just another cog in the machine.

Award Achievements

You can’t reward standard and expected behavior, otherwise you’d constantly be rewarding your staff for what is expected of them and what they are being paid for. However, if a particular staff member strives for excellent and constantly steps beyond what is required of them, you should definitely recognize this. Make a statement by awarding them with crystal gifts or another form of corporate award. Not only will this make them feel that their efforts have been worth the outcome, but it will inspire other staff members to strive for greatness too.

Host Workplace Events

Every now and then, it’s a good idea to hold a workplace event to show your appreciation to your staff base’s dedication to the company. This needn’t be extravagant and could purely be an annual event. But a meal or activity really will make your employees know that their hard work is valued.

These are just a few different ways that you can really make your employees feel appreciated. Not only will this benefit them, but it will benefit you too! So, put these plans of action into practice sooner rather than later.

Decoding The Corporate Perks Facade: What It Really Means

Google is the pioneer of offering perks to attract top talent and imitation is the sincerest form of flattery.

A friend of mine works at Google HQ and describes his situation as “too good to walk away from” even when he gets bored. Free food, snacks, shuttle, laundry, etc will do that.

The startup scene has escalated to the point where if you don’t offer perks, you’re not relevant. But what if I told you it’s all a facade?

I love to eat. What makes food taste even better is when it’s free. But unlimited snacks and catered lunches are a nice bonus, but far from the mission of the company.

Now I’m not knocking perks as an enhancement to the employee experience, but what I am saying is how much does it affect your decision to stay?

Look at it from a financial standpoint: free food for the entire company is cheaper than giving a raise to one (of course you have to factor in size of staff though, but you get the drift).

My point is if perks are one of the highest ranking factors in retaining your services it’s putting your faith in fool’s gold. Perks are like purchasing the newest toy. After a while it gets old, you get bored and want more.

For example when I first started working for my current company the idea of catered lunches twice a week blew my mind. Now I still appreciate it, but I found myself getting pickier with selection of choices. If it happens to be a meal I love, free lunch is great! If not, I wish I didn’t have to sit through the company meeting during lunch.

Culture is a huge factor in retention, but perks shouldn’t be too high on your list of reasons to apply/stay. Times have changed where “what you get” is as important as “what you give,” yet ultimately what your company strives for and what role you play will always outshine any perk offered.

Work wisely.

Winsight Episode 48: Job Search – Position vs. Culture

fortune 100 best companies

[audio http://traffic.libsyn.com/winsight/48_Winsight_Episode_48_-_Job_Search__Position_vs._Culture.mp3]

When it comes to your next job search what are you looking for: the ideal position or dream company to work with?

Ideal job seems like the obvious choice, but what if you got your dream job, but the environment was toxic?

In this episode, here are some of the highlights:

  • Jeremy Lin chose money over fit since leaving the New York Knicks and it’s been a roller coaster since
  • The Top 100 Companies to work for feature perks such as: flexibility, food, transportation even life coaches…is that enough to sway you?
  • But what do you want? The choice usually is between time vs. money
  • It’s about identifying your priorities and making a decision from there

So what matters to you? Do you want your dream job or ideal company? Don’t compare, just pick based on values and go from there!