To Grow Your Business Start Focusing on Your Employees
By Nellie Akalp ,CEO of CorpNet.com, entrepreneur.com
well known across Silicon Valley.
So how can you keep your employees connected to their job, company, and team with a small business budget? Here are a few tips.
Businesses can improve morale and productivity with flexible employee policies that respect that every employee has a life away from the office. You can implement formal programs such as flextime or condensed workweeks to help employees balance their private and work lives. Or, just simply institute a culture that respects employee’s home lives and ensures they can take time off to pick up a sick child from school.
As you can see, there are many ways to help ensure your employees are happy, engaged, and ready to do their best work -- and none of these strategies require the budget of a Fortune 100 company.
Employees are the cornerstone of any business. They’re usually the
primary point of contact with your customers and as such, can make or
break your company brand and customer experience.
For the small
business owner, keeping employees happy and engaged can seem
challenging. You can’t afford the salaries and stock options of Google,
much less the free meals, onsite yoga, climbing walls, masseuse, and
other perks that have becomewell known across Silicon Valley.
So how can you keep your employees connected to their job, company, and team with a small business budget? Here are a few tips.
1. Empower your employees.
One
of the best ways to motivate employees is to give them more
responsibility so they can demonstrate and achieve their full potential.
According to a 2015 SHRM Employee Job Satisfaction
survey, 74 percent of employees said that having opportunities to use
their skills and abilities was key to feeling connected and committed to
their work.
At
our small business, we like to reward strong performance by giving
those employees extra responsibilities and more autonomy. For example,
we asked one of our bilingual employees to launch a new Spanish-speaking
division and offer Spanish language phone support to help Latino
entrepreneurs. We asked another employee to design a system for
monitoring and following up on leads. Both experiences showed that when
people feel challenged by their work, they’ll be more likely to put in
the extra effort.
Be on the lookout for specific skills and
abilities that aren’t being utilized in your employees today. If you
can’t think of a way to expand an employee’s responsibilities, sit down
and ask him or her what they’d like to do or what would help them grow
professionally.
2. Offer up financial incentives and perks (no matter how small).
As
a small business, you may not have the budget of Google or Facebook,
but you can still offer financial incentives to motivate employees to be
more productive or achieve specific company goals. For example,
gathering objective customer reviews has been a top priority for our
company, so we created an incentive where any employee receives a $500
bonus if they get 20 reviews in 20 days. It’s been a fun way to gamify
this important objective, and we’ve seen success both in terms of
results and employee excitement.
3. Make sure employees know their work matters.
Employees
are typically more motivated when they see a direct connection between
their day-to-day activities and the big picture. Whenever you assign a
new task to an employee, be sure to highlight why it matters to
the organization, your customers, or your bottom line. Be sure to keep
all employees in the loop about high level strategy and stress how
everyone plays an important role in the company mission.
4. Drop the micro-managing.
Small
business owners can be notorious micro-managers; after all, you’ve
probably been used to doing everything yourself from the beginning.
However, there comes a time when you can’t grow your business based on
your efforts and expertise alone. While it’s important to follow up on
your employees, micro-management is not the answer. Constantly looking
over people’s shoulders not only demotivates your team, it also stunts
employee growth, since they’re constantly depending on you for
direction. Motivate your employees by giving them the freedom to do
things their way, think for themselves, and deliver results.
5. Recognize and appreciate your employees.
Employee recognition programs have long been a workplace staple. A Globoforce survey
found that frequent recognition correlates directly with employee
satisfaction: “Employees who are recognized regularly are more satisfied
with their work in their company…and more apt to love their jobs.”
We
run employee of the month programs, where we spotlight one employee on
the blog each month, acknowledge their achievements during an all-hands
meeting, and take them out to lunch or dinner. Formal programs like this
are very effective, but keep in mind that a simple “thank you” or “nice
job” right in the moment can also go along way to showing your
appreciation.
6. Make quality of life a priority.
U.S. employees are now working an average of 47 hours per week
– almost a full day longer than the “standard” 40-hour work week. I
believe in hard work, but also realize that too much work leads to
stress and a lower quality of life. And, more time in the office means
less time to spend with family and friends.Businesses can improve morale and productivity with flexible employee policies that respect that every employee has a life away from the office. You can implement formal programs such as flextime or condensed workweeks to help employees balance their private and work lives. Or, just simply institute a culture that respects employee’s home lives and ensures they can take time off to pick up a sick child from school.
As you can see, there are many ways to help ensure your employees are happy, engaged, and ready to do their best work -- and none of these strategies require the budget of a Fortune 100 company.
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