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Employees are undoubtedly a company’s most valuable asset, so they must be treated accordingly.
Surprisingly or not, one of the vital factors for your business to come to fruition is taking care of your employees and doing everything in your power to provide them with the best health and safety conditions. Not only will this help you retain them, but it can also ensure more productivity in your company and hence more goals achieved. You might be knowledgeable about this entrepreneur who made $1.6 million in the stock market and then remunerated his employees with this money. This is a courageous move; nevertheless, it’s not always about money. Sometimes, it’s more about respecting them, allowing them to grow, and giving them meaningful feedback and recognition. It’s necessary to ensure your workers have a true sense of belonging and purpose within your company so they won’t feel obliged to quit their jobs at some point in the future.
One thing is for sure – being mindful of your employees’ needs have some significant perks for both of you, so we’ve found it helpful to discuss them in the following:
Essential employee needs companies can’t afford to neglect
Employees are just human beings, so it’s normal for them to have needs and expectations. And it’s crucial for businesses to meet these needs not only to protect their workers but also to ensure their success. So, here’re some of the critical employee needs we heartily advise you not to ignore:
- Physical and mental well-being – Ensuring your labourers’ health should be your top priority, as healthy employees will likely be more productive and satisfied. So, try to provide the best health and safety conditions. This includes everything from giving them proper PPE (personal protective equipment), protecting them from noise exposure and hazardous substances to ensuring the right temperature in the workplace and clearing any walkway and corridor frequently. Slips and trips are common issues your employees may face in the working environment, so you should do your best to ensure they’re never in such an unpleasant situation. Furthermore, you’re likely to lose a valuable employee and pay lots of money in compensation. Specialists from https://www.accidentclaims.co.uk/ say that it’s the employee’s right to claim compensation for an injury they think their employer is at fault for, so be cautious.
- Fair salaries – It goes without saying that your workers need to be treated equally and given wages based on their very competencies and work progress, so a subjective basis has no place here.
- Job security – Most people are looking for a stable job, so if your company faces a really hard time, your employees should be informed about them. Thus, they can decide whether to remain in your company or seek another job.
- Recognition – No one will ever wish for their work to be undervalued, no matter how small or big the task they perform might be. After all, every employee has their place and contribution in a company, and if one isn’t there to perform a certain duty, your business success situation might not be the same. Hence, appreciate and recognise the effort of your labourers as much as possible.
- Work-life balance – Professional life is undoubtedly essential to your direction and purpose, but so is the personal one. That “me time” can have amazing benefits for your employees, so consider offering them flexible work hours, allowing telecommuting or remote work, and providing generous paid time off. Not only contributes this to the mental well-being of your workers, but it also helps you retain them, according to Entrepreneur.
- Belonging – Having a sense of belonging is crucial to your employee’s morale. In order to be productive, they first need to feel like they belong to a cohesive, supportive group. For example, when asked about their families and personal interests, workers feel valued, so consider communicating with your employees more often. And encourage harmony and collaboration between them, as well. Team Building exercises are a great idea, as you all have the opportunity to know each other better and – why not – form friendships.
Employees might also be in search of more freedom, career growth, leadership, and contribution.
Reasons taking care of your employees matters
Supporting and appreciating your employees as if they were your friends is of great significance, all the more so since this can bring several upsides for your business:
Higher retention rate
The retention rate might be more meaningful than you think, as it suggests your company’s stability. It’s normal to have employees that choose a route other than your organisation, but not so normal if too many prefer that. So, the number of labourers able to stay within a year at least in your company or since the very beginning represents the retention rate.
That’s why it’s a priority to ensure the necessary work conditions and reward your employees adequately. And don’t just assume that if someone leaves your company it is because they’re simply inclined to (Gen Z people especially have this reputation). No, people don’t simply quit; something must have made them do that.
Enhanced employee loyalty and productivity
If the labourers feel your organisation recognises and reciprocates their efforts, it goes without saying that they’ll stay loyal. Plus, they’ll likely give more of themselves to accomplish their task, so productivity is increased. Thus, ensure you treat your team well and don’t leave the impression that you can replace anyone anytime – because you really can’t.
Stronger customer relationship
You may wonder what this has to do with employees. Well, pretty much. If your workers often interact with customers, as in the HR department, their potential job dissatisfaction can be reflected in their relationship with customers. Therefore, make sure people are proud to represent your company. This can be achieved by simply putting their needs first and treating them well.
Ensuring your employees’ needs and expectations are met is not that hard as long as you understand the involved risk.