We all want the best from our employees – let’s face it, no one interviews a chump and offers him the job (unless the job is actually being a chump, but those odds aren’t worth unpacking right now…). Your employees are your most valuable asset, in most industries they can make or break your business entirely.
Learning how to retain your current personnel, as well as getting the most out of them, is a fine art. You must know when to push them and when to let up. Here are 5 effective ways to get the most out of your employees.
1.Centralise Productivity
By centralizing productivity within your company culture, you can get the most out of your employees. It is not enough to simply drive working overtime, as this will leave you with an exhausted workforce who makes mistakes. Instead, drive a culture that rewards productivity and incentivizes efficiency.
2.Incentives Go A Long Way
Employee incentive programs are two-fold and highly beneficial to your organization. Firstly, they are a wonderful way to show your employees that their efforts are appreciated and they are valued – and secondly, they reward well-performing staff members for meeting or exceeding company targets and goals.
3.Look After Them
A happy employee is a productive employee. Make sure your salary packages include as many benefits as your company can afford to. Consider supplying employee lunches, free parking and when it comes to business travel, let your employees travel in style. Instead of putting them up at a dingy motel, show your appreciation for them leaving their families behind by arranging classy Corporate Housing Toronto. These may seem like added expenses at first but soon you will see the benefits of having satisfied and content employees.
4.Hire The Best
If you are prepared to offer these employee benefits or similar ones, you can be quite selective when it comes to staffing. Progressive companies that do not cultivate a “fear culture” within their organization are highly sought after by the best in the industry.
If and when you hire new staff, first look at promoting from within – even if it is on an interim basis. You get what you pay for and if you are prepared to match the employee packages that like-minded companies are prepared to do, you are well on your way to putting together your dream team of employees.
5.Keep An Open Dialogue
Encourage your employees to voice their concerns and/or suggestions. You would be surprised at how many great ideas come from places that you would least expect them to. By allowing your employees to feel free to voice their ideas and thoughts, you encourage creativity, and your employee satisfaction rating will increase exponentially. If your employees would like to enroll in training programs to better their output levels, give them the platform in which to voice these suggestions in a safe environment.
At the end of the day, the happier your employees are the more productive and efficient they will be.
