Aside from salary and perks, one of the key indicators of job satisfaction is whether or not an employee feels valued in their job. Making your employees feel valued is important, helping you to build a strong workplace culture that makes your business a great place to work.
More so than your customers or shareholders, valuing your employees should be at the top of your list. Read more about why it’s important and what you can do to make your employees feel more valued.
Your staff is one of your most important assets
What sets your business apart from its competitors? Is it your pricing, your branding or your website? The truth is, it’s all down to your employees. It’s their hard work that determines whether or not your business is a success.
When your company is at a high, it’s important to acknowledge fairly that this success wouldn’t have been possible without your employees, so make sure that their efforts are celebrated appropriately.
Employee turnover can be costly
When employees are unhappy in their roles, they’ll soon start looking elsewhere for work. However, employees who are valued and respected are much more likely to stay loyal to a business.
The cost of hiring new recruits can be significant for businesses, so investing some money in your workforce can be a small price to pay in comparison. Recently, Ogletree made 11 of its attorneys shareholders, demonstrating how companies can reward their employees effectively for their hard work. While you may not be in a position to offer shares in the business, thinking more about how you can reward employees could be the answer to retaining them.
It helps to motivate
While pay and conditions might be two of the bigger incentives to go to work, others make a workplace where people want to work, instead of feeling like they must do something to pay the bills. Demonstrating that you value your workers is a good way to motivate your employees, making them work even harder on behalf of the business.
Taking an interest in their work, their lives and celebrating their successes can make a big difference to how you’re perceived by your employees, and they’ll be more inclined to do a good job for you if they know that their efforts are valued.
It benefits your reputation
Happy employees are good advocates for your business. When they’re talking to customers or clients, they will help form impressions of your company.
Keeping your employees happy can be determined by various things, including creating a social atmosphere, rewarding good work and even being concerned with your employees’ health. People who are happy in their jobs will reflect this through their work, helping to improve your business’s reputation as a good employer.
Making your employees feel valued should be a vital part of your business culture, so think of ways you can start showing your staff what they mean to you to develop a workplace where people feel respected and happy in their roles.