Employees play a significant role in building the positive work culture of an organization. Every employee is bounded by a duty, and every organization needs employees for meeting its objectives, and goals. At the time of recession, when developed countries failed to produce jobs due to the decline in global economic activity, many employees were forced to quit their jobs. However, now the scenario is much different, and more jobs are available as compared to the recession occurring years 2000, and 2008. Many employees now choose to leave their current job for a new better opportunity, and many of them even move from one country to another. However, due to the insufficient workforce, many organizations face the big loss in their business. Our writers who provide management dissertation help have come up with some important tips to make your employees feel valued and stay in the organization.
1. Share your profit
Every employee should get his/her share in the net profit of the company. Many big organizations have already taken this step, and are sharing their profit with their workers. This is a great way to show employees that their hard work is recognized and appreciated, and that they are not just a job holder, but also a significant player in the growth of an organization.
2. Salary hike
If your company is making profits, then it is due to the hard work of the employees. Your idea matters, but the right action on the plan is a critical step, and employees put their maximum effort in executing that idea. So, if your organization can afford the bonus, incentives or pay hike of the employees, you should provide them with these benefits as the gesture of appreciation.
3. Add lifelong benefits
By providing employees long-term benefits, such as retirement plans, health insurance, anniversary payment, etc. You establish a strong relationship with the employees, and their trust in the organization deepens. All these benefits help employee save a lot of their money on health checkups, and medications. A research claims, employees who get such benefits from organizations, become more attentive in their jobs by 60 percent.
4. Stress free workplace
Every employee should enjoy a fair work environment, and that is why workload should be given as per the capabilities. Employees are more productive when they are working in a stress-free atmosphere. So, you should resist transferring extra work to the employees and find some alternative ways to distribute the tasks. In case of extra work, you should hire more employee, so that pending work can be sorted out quickly before it becomes a major problem.
5. Flexible working norms
The best way to keep your valuable employees happy is by showing flexibility towards their work. If an employee is performing well, then it will be good to give him/her leisure time, it encourages other under-performing employees. Many organizations have changed their working norms, so that employees can attend important appointments related to their personal life. With these benefits, an employee would never think of leaving an organization.
These tips will help you in establishing a healthy relationship with your employees. When they feel their career is secure in an organization, and they are getting appreciation in the form of value-added things, they are less likely to quit their job.