A business is only as good as its people. With staff retention, productivity and engagement now ranking as the most topical concerns for modern-day business, identifying ways to improve and build job satisfaction for employees has become many company’s agenda to ensure continued success.
There is little doubt that great employees are an organization’s number one resource. Keeping workers happy helps strengthen a company in many ways, including:
Lower Turnover
Turnover can be one of the highest costs attributed to a business. Retaining workers helps create a better environment and makes it easier to recruit quality talent and save money. The bottom line: satisfied employees are typically much less likely to leave.
Higher Productivity
Irrespective of job title and pay grade, employees who report high job satisfaction tend to achieve higher productivity.
Increased Profits
Keeping employees safe and satisfied can lead to higher sales, lower costs and a stronger motivation to achieve targets and goals.
Loyalty
When employees feel the company has their best interests at heart, they often support its mission and work hard to help achieve its objectives. They may be more likely to tell their friends about their content, which helps spread goodwill.
When a company develops ways to deliver on respect, trust, safe work environment, good pay and opportunities to advance, it can easily satisfy employees – and help build a stronger, more stable, and profitable future.