How to keep employees happy in 2020?
In today’s world I think business owners lose track of ways to keep happy employees. Most importantly, there are certain things that a leader of a company can do to help boost company morale. A lot of business owners lack this communication with employees. The owner needs to gauge the success of their company based on the people day to day who make it run, because if they do not, they will see not only the revolving door, but a decline in productivity.
Here are some things a business owner can do to help keep their employees happy.
First of all, a lot of people spend more time with co-workers then they actually spend with their own families. For that reason, these company events allow personnel to engage and learn about one another outside of a work and professional setting. This could be a company picnic, barbeque, bowling, a baseball game etc. Furthermore, this creates great company morale and memories for the staff to look back on and talk about later.
Another way to keep your employees happy is to implement a monthly bonus within a company. This will help increase sales and actually give the employees something to work towards to keep up productivity. Who wouldn’t want an extra $500-$1000 per month by just giving a little more than what is normally required? This extra effort can produce way more in revenue then the actual costs of the bonus.
A lot of people who work a job, never receive adequate training in the beginning. Everyone is in a fast-paced environment that I think the time spent to adequately train employees is rushed and overlooked. Even when initial training is effective in the beginning there is never a refresher to follow up on the training previously learned. There should almost be like a continue education class for employees. This will eliminate mistakes and improves quality control.
Consequently, most companies do not have a review process in place for their employees. As a result, an employee will not get a raise until they complain, or they already have began looking for a new job which will pay them more. People aren’t always loyal to the company, they are loyal to their responsibilities (i.e. bills, credit cards, car payments, rent, etc.). If a company puts in “Money Reviews” I like to say, this keeps your employees on track. Whether the reviews are quarterly, every six months or yearly there is an expectation put in place that if the employee has performed their duties and has not had any issues, they are entitled to some type of incentive or pay increase for their consistency in performance.
Every company should be having sales meetings. No matter if sales are up or sales are down. These sales meetings make the employee feel like they are apart of the company especially when the company is doing great and thriving. It gives them a sense of accomplishment that their efforts and hard work is a direct contribution to the company’s success. If the company isn’t doing well it still gives the employee a sense of comfort knowing that they are involved and made aware of what is going on within the company and how important their role is to the company’s success.
Most people are all too familiar with loving the company they work for but consequently hating the supervisor who is in charge. An employee will always respect a professional leader who is willing to help and encourage. There is no pleasure in working with a manager or supervisor who is not motivating you to be the best. Making sure you hire great management and supervisors to oversee your business and departments is a key asset to business growth and productivity.
If you are a business owner be aware of these things that you can do to help boost your company morale. Keep in mind what makes a good boss and always know how to effectively communicate with those people who are helping steer the ship. If you implement these small things, I can promise you better productivity amongst your employees.