The degree of happiness or contentment an employee feels about their job is an essential factor that determines a company’s success. Employees work harder to make the business successful when they are content with the management and the workplace environment.
Employees who are not pleased with their workplace eventually reflect this in their productivity. They lose motivation and frequently perform below expectations. A company’s employees are its greatest asset. Finding ways to enhance and increase job satisfaction for employees must be on the company agenda in order to assure continuing success, with staff retention, and productivity. Along with having an effect on team and individual performance, disengaged workers cost businesses across the globe a lot of money due to lost output.
Today, many businesses believe that enhancing employee engagement and job happiness can have a substantial positive impact on workplace culture, productivity, and profitability.
Top 5 reasons that drive employee dissatisfaction:
- Low Compensation
- Micro Management
- Need for work-life balance
- Lack of flexibility
- No room for growth
Best Practices To Improve Employee Satisfaction
Offer Competitive Compensation
Although money isn’t everything, it’s an excellent place to start if you’re keen on employee satisfaction and retention. Nowadays, it’s comparatively simple for employees to do their homework and determine whether they could make more money working for your competitors. Make sure that your employee remuneration is competitive and that there is a clear structure in place for promotions.
Provide Creative Benefits
Employee perks are sometimes an overlooked component of their pay package, But a company that pays close attention to its workforce will realize how benefits greatly impact employee satisfaction. When you invest in your employees’ healthcare, retirement benefits, and family-friendly benefits, they will feel that you value them. Here are just a few innovative ideas for benefits that will set your company apart from the competition and increase employee satisfaction:
- Subsidized care for immediate family members
- Options to bring your child to work
- Free finance counseling services
- Free yoga sessions
- Paid time off for volunteer services
Allow for Flexibility
It is crucial to provide employees with more autonomy, freedom, and responsibility over their time at work and outside of it. Giving employees the privilege to set their own schedules and choose to work from home is an important first step in addressing the growing employee desire for work-life balance, which is particularly prevalent among the Millennial age. Allowing employees to arrive and go at different times can help reduce the strain of the daily commute.
Quit Micromanaging
Help middle management find a happy medium between assisting their people and avoiding the perilous region of micromanagement. Evidence against this practice demonstrates that managers who persist in making all the decisions, nitpicks on every little thing, are unable to delegate, and frequently assert their authority simply “because they can” foster a toxic workplace culture that leads to low morale, a lack of innovation, disengagement, and, ultimately, a high staff turnover rate.
General Housekeeping
Little things have a tremendous impact. Employee dissatisfaction is more likely to occur if they frequently use subpar facilities or in the case of a remote workforce, frequent frustration from slow servers, inadequate software, or malfunctioning equipment. Respond quickly to employee complaints and incorporate reporting procedures to find problems. Additional individualized touches, such as giving workers the freedom to take care of their own workspaces and add tiny, personalized touches will foster a feeling of community and enhance job happiness.
Nurture a culture of growth and development
Giving your staff the opportunity to grow their talents promotes their job happiness and improves work productivity. This shows that you care about their professional development in addition to the growth of your firm. It is always a good habit to assess whether the employees wish to learn something new or require any particular training. Employee dissatisfaction is frequently brought on by a lack of this management strategy. because they believe they have nothing new to learn.
Encourage your staff to set higher goals and advance their careers. It has been demonstrated that investing in employees through training, up-skilling, mentoring, or coaching increases their satisfaction and engagement with the company. As an employer, you gain from happier employees as well as from the added skills and knowledge they may provide.
Embed a strong sociable environment
A survey from Gallup found that strong friendships at work can increase employee happiness by as much as 50%. Establishing and ingraining a solid business culture takes time, but companies can speed up the process by promoting sociability and communication.
Workforces that are not centered in one location – an increasing theme with globalization – intranet software that includes social capabilities and facilitates collaboration is a significant driver in achieving this. Take into account the working atmosphere and whether or not coworkers may converse and exchange ideas. Social gatherings that are planned outside of work hours are advantageous; workers who are engaged and satisfied at work are more likely to celebrate their birthdays or go to events together.
Reward and Recognize
Every individual has a skill set. Therefore, being recognized for using these skills can be a great factor in motivating an employee.. Employee morale, productivity, and general job satisfaction all increase when workers receive rewards and recognition for their efforts. Organizations tend to overlook this psychological component. A little bit of appreciation and recognition goes a long way toward keeping workers inspired and driven. They are encouraged by this to excel through recognition, rewards, and perks.
Promote Health and Wellness
Employers who do not prioritize their staff members’ financial, psychological, emotional, and physical health create ineffective workforces. Building a workplace culture that meets the needs of the employees’ well-being is essential. Employees who are in good physical and mental health are more productive and have more ownership over their work. They remain more involved and committed because they feel secure. In order to promote a positive culture, businesses must find ways to offer them corporate wellness programs.
The responsibility for an employee’s health is no longer just their own; instead, because of the high cost to employers, it is the obligation of the company to encourage and support good health. According to Joel Goh’s study, “The Relationship Between Workplace Stressors and Mortality and Health Costs in the United States,” workplace stress is to blame for $190 billion in US healthcare costs. It also contributes to other health problems like hypertension, high blood pressure, gastrointestinal problems, fatigue, and substance abuse.
Employers can assist staff members by providing them with health-related information through materials or seminars, ensuring that they take regular breaks and annual leave, providing kitchen facilities and healthier food options in the workplace, offering discounted gym memberships, or creating company communities for weight-loss or fitness goals, such as having staff members participate in a race for charity.
Key Take Aways
To increase employee satisfaction and engagement, organizations need to be aware of these strategies. Employees that are happy with their jobs would always put out their best effort and contribute to the bottom line. When you understand what lowers employee satisfaction, you can assist your staff in providing the greatest possible working environment. Although there is no magic formula to increase employee satisfaction, you can get started by following some of these tried-and-true tips. To change employee attitudes and satisfaction, leadership at all levels must come together and find ways to ensure a happy and satisfied workforce. Elite Virtual Staff always aims to provide good employee morale and maintain commendable retention rates. Let us help you find the right VA for your business. Call us TODAY for a free consultation.