As Sir Richard Branson said, “take care of your employees and they’ll take care of your business”. Taking care of your employees is the first step in creating a great place to work, a place where people feel appreciated and engaged. A place where they would feel at home and where they would actually want to work. This is one of the reasons why employers are increasingly investing in the wellbeing of their workforce. Studies have found that employees are becoming increasingly disengaged at work, costing businesses billions of dollars in lost productivity every year. It was also found that organizations with higher employee engagement scores performed better than their rivals in terms of productivity, turnover rates, safety and quality incidents, customer satisfaction levels and profitability. The average employee who works full time spends more than a third of their waking week in work and thus, employers have an obligation towards their employees to look after them if their businesses are to thrive and prosper:
Retention of employees
A business’ ability to recruit and retain their staff reflects heavily on its productivity and success. Offering employee perks and additional benefits is a great place to start and can help employees stand out among competitors in attracting the best of talent in the industry. You can show that you care about your employees’ health and wellbeing by investing in weekly fruit baskets, introducing counseling and support programs, hiring employee flu shot providers during flu season, offering periodic health checkups and even hiring an office doctor who comes in once or twice a week. Another great way of retaining current staff and attracting new talent is by opening an on-site gym. Exercise is a proven way of reducing stress and improving self-esteem and physical wellbeing.
An important metric by which business are beginning to be measured is its degree of employee engagement. It’s measured as the degree to which employees are emotionally attached to their job, and its subsequent impact on workforce happiness, worker morale and productivity. One of the simplest ways of engaging employees is by showing that their opinions and suggestions matter to the organization. Employers can install suggestion boxes where employees can criticize, praise or even make suggestions to improve the current state of operations of the business.
By ensuring employees that their voices are heard by the top management, they will be assured of how much their opinions are valued by the organization. However, simply discussing the suggestions and working on solutions will not amount to much, if said solutions are not implemented. You can also encourage your staff to eat their lunch or breakfast in a more social setting, away from their desks, where they can share ideas and stories with their colleagues. Lunch hours shouldn’t just be about eating but also about laughing, catching up with friends and chatting with colleagues. This can lift spirits and rejuvenate employees for next half of their day.