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Increasing employee retention can help you maximize your staff’s productivity. That’s why it’s important to invest in opportunities to improve employee morale. Here are a few ways good companies stand out from the rest:
To start your relationship off on the right foot, make new hires feel welcomed and motivated on their first day. Be sure to introduce newcomers to the people they’ll be working with, and supply them with training materials. If you don’t have the time, consider enlisting the help of veteran employees. By giving your new employees a connection from the start, they may feel more comfortable asking questions if they run into obstacles or need help.
Money isn’t the only incentive that keeps employees at your organization. Often, top talent is looking for a role that will not only challenge them, but play to their passions. If employees have to do the same work day in and day out, they may begin to look for other opportunities.
Motivating employees can sometimes be as simple as offering on-the-job training. Identifying opportunities for individual employees to improve – and then providing development opportunities – shows your staff that you have a vested interest in their success. This training might include seminars, workshops, and mentoring by senior employees.
Good communication yields quality relationships and teamwork, which makes the office a more pleasant place to work. As a business owner, consider addressing both areas of achievement and areas that need improvement. One study showed that employees receiving predominantly negative feedback from their managers were over 20 times more likely to be engaged than those receiving little or no feedback, proving that any form of feedback from an employer is better than none at all.
Identify a human resources specialist that can manage the “big picture” needs of your staff. Human resources can help employees when they have questions about their health care, 401(k), benefits, or when they face internal issues. If you don’t have a resource dedicated to HR, it may be worth outsourcing these duties to a HR provider, also known as a Professional Employee Organization (PEO). These experts can handle all employee-related paperwork, such as payroll, benefits, health care, and recruitment. Search for a provider that will help you attract, keep, and manage a good group of employees that can increase the productivity of your business.Taking care of your employees will help you boost morale and efficiency across the board, and provide a valuable investment for your business in the long-term.
The Wells Fargo Business Insight Resource Center offers free access to one of the most extensive online offerings of advice and information to help manage and grow your business.
“Impact of Manager Feedback on Employee Engagement,” Gallup Inc. Study, 2009.
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