Hiring new people can cost a lot. A lot of time and money in the recruiting process, not to mention how long training new staff can take to get up to speed to be productive members of the team. If you have high staff turnover, this can eat up a lot of valuable resources.
Consider this Richard Branson quote:
“Train people well enough so they can leave,
treat them well enough so they don’t want to”.
By investing in your staff you are investing in your company. Your reputation, the skills within your organization, and the success of doing whatever it is that you do best.
Your employees are your ambassadors to the world. They talk about the products or services your company offers, as well what it is like to work for your company. Do you know what your current employees are saying? How about your past employees?
How you treat your employees is also how you are going to attract new recruits to your growing business. With job boards, social media and information just about everywhere you look its not hard to tell which companies are good to work for and which someone might want to avoid. If you want to attract the best and brightest to your company, treat the employees you have now well.
Treating them well doesn’t always mean providing a bonus or increasing salary. This can definitely help a lot, but if the office culture is draining rather than inspiring your staff, no one is going to want to stay, even if they get a raise. Think of what else you can offer your employees that can really help increase their job satisfaction.
Appreciation can go a long way. Don’t assume that your employees (or anyone in your life, for that matter) knows you think they are doing a good job. If you think they are, then say it. Think of how great you feel when someone acknowledges your hard work. Its even better when acknowledged in a public setting.
People are happier when they are healthier. Is your office creating a culture of health? Having workplace wellness challenges can build team relationships and get people active. Having healthy snacks available can be a simple way to promote wellness. Some fresh fruit in the break area - it wouldn’t cost you a lot, but it could make a difference in recharging your employees in the afternoon, making them feel reenergized and more productive.
Things to consider:
- How are you treating your employees?
- Do you know how many want to grow within your company?
- Would your employees recommend your company as a good place to work?
- How are you investing in keeping your employees?
- How do you show appreciation for your staff? Have you acknowledged anyone’s hard work or success lately?
- What could you do better?