- January 3, 2023
- Posted by: Content Team
- Category: Blog
Companies need to understand what motivates their employees. The pandemic has led to changes in employee priorities, such as a desire for flexibility and the ability to work remotely. Companies that fail to adapt to these changes risk falling behind in the evolution of the workplace and may struggle to attract and retain top talent. By offering the five things that employees value most, companies can foster a more productive and motivated workforce.
1. Recognition and appreciation
Employee recognition is a crucial element of effective management. As competition for talent increases, companies should make an effort to show appreciation for their employees. Research has shown that when employees feel a sense of belonging to their job, their job performance improves by 56%. Recognizing employees can enhance this sense of belonging, which can also make them more likely to stay with the company. There are many ways that a company can show appreciation to its employees, such as offering bonuses or increasing pay. A survey found that 64% of employees considered an increase in salary or benefits to be “very significant” when evaluating a company. It is important for employees to feel that they are being fairly compensated for their hard work.
2. Work-life balance and personal well-being
There is a growing trend of employees wanting the freedom to work whenever, wherever, and however, they choose. A recent study found that over half of the workforce is considering a hybrid or fully remote position. Remote work can provide employees with better work-life balance and has been linked to;
- increased productivity,
- lower stress levels,
- higher retention rates,
- and more engaged employees.
To demonstrate the importance of employee happiness and well-being, companies can offer a variety of benefits in addition to remote work options, such as;
- education on healthy work-life balance,
- flexible schedules,
- opportunities for learning and development,
- and open communication between leaders, managers, and employees.
3. Higher salary and more benefits
Employers should strive to provide a positive work culture that promotes employee happiness and well-being. Some ways to do this include offering flexible work options such as remote work, providing learning and development opportunities, and promoting work-life balance. Additionally, offering competitive pay and benefits, including mental health benefits and advanced parental leave options, can help attract top talent. By creating a positive work culture, employers can increase retention rates and improve overall employee satisfaction.
4. Giving regular and constructive feedback
It’s important for employees to feel empowered and supported in their learning and development. Providing a clear plan and making leadership accessible for individual meetings can help with retention, as it allows employees to feel confident in sharing their ideas and receiving feedback from their managers. This open communication helps to build trust and create a positive work environment.
5. Inclusive workforce
Creating a sense of inclusivity within the organization is crucial. When employees feel included, they are more likely to remain in their positions longer and produce higher-quality work. It’s important for employees to feel that their work is meaningful and adds personal value to them.
Building an inclusive culture in the workplace is vital for employee retention and productivity. There are several ways to foster a sense of inclusivity, such as;
- providing social learning opportunities for team members to connect,
- implementing a mentorship program, celebrating diversity,
- prioritizing communication
- and actively listening to employee feedback.
By creating a welcoming and inclusive environment, companies can attract and retain top talent, as well as improve overall job performance.
With Pratik HR headhunter agency, you can find the most suitable teammate for you. Contact now!