One of the highest costs of business is the turnover of staff. One of the biggest challenges is certainly to find a way to create an enabling environment that can generate productivity.
Not only is it costly to replace an employee who leaves, but this change also affects the morale of the rest of the team that remains. Humbly, in a current context, I offer you 10 ways you could keep your employees happy and motivated, so productive.
it’s not just a matter of money
Money is an important factor; you cannot pay someone 50% of their market value and expect them to be happy and motivated. But, money is not everything. People want to evolve, to be part of something bigger than them, and they want recognition. If your employees are unhappy and you think they are paying more money to fix the problem, think again.
Learn to say “Thank You”
A simple “thank you” can go a long way. Call your best employees and thank them for being so good at what they do, might seem farfetched. You could show them how their work and accomplishments contributed to the success of the company and thank them.
Use a positive speech
Instead of saying, “The data in this report is wrong,” try to say, “Thanks for finishing this report so fast. Let me show you how you could do better next time. Do you see the difference? You focus on how it could be better done, not the way it is currently done.
Make public congratulations and private reprimands
Have you ever been recognized by your boss in a room full of people and everyone has begun to applaud your performance? It feels good, is not it? Do the same for your employees, the benefits will surprise you?
If they make a mistake, call them in your office, tell them what they have done wrong and how they could do it better next time. There is really no need to embarrass them in front of others.
Get out of your bubble and pay attention to the people around you. If someone seems depressed, ask him what is going on and how you can help them. Take care of your people and they will care about you.
If someone is more productive working from home, you might be able to let them do it. If someone wants to come in or leave an hour later, you could also let them. Different people can realize their full potential under different conditions than those normally established, especially with Generation Y.
Make them feel like an integral part of your projects
Share your business goals with your team. Explain that what they do is part of an overall plan. Show them how their work has an impact on the final balance (not to say Bottom line). For example, someone who has completed eight-hour worksheets for four months will be much more motivated if they can understand that these spreadsheets are part of a presentation that could allow the company to get a few Million in external financing.
Allow yourself to be vulnerable
Some bosses think it is necessary to shout all the time so that people respect them. They believe that if they are vulnerable, they will lose the respect of their subordinates. This is not true. When you are going through a difficult time, talk to your employees in a calculated manner letting them know what is going on. They will be able to support you, they might even help you while enjoying your honesty.
Show the example
Have you ever asked your employees not to abuse the corporate credit card, and that’s exactly what you do? Have you ever asked your employees not to be late for work when you are late yourself? Your employees are always watching you; Demonstrate to them that you are a great leader and preach by example.
Most managers think, “What can my employees do for me?” I encourage you to think, “What can I do for my employees? Take them out for lunch and ask them about their goals. Maybe they want to learn a trade and you could help them. Maybe they are trying to take training and you could write a letter of recommendation for them. Ask, listen and help.
This post is part of our contributor series. It is written and published independently of TNW.