by Joe Blattner | January 18, 2010
A recent survey by Right Management asked over 1,000 people why they voluntarily left their jobs. The percentages don’t add up to 100 because many respondents provided more than one answer.
54% Downsizing or restructuring
30% Sought new challenges or opportunities
25% Ineffective leadership
22% Poor relationship with manager
21% To improve work/life balance
21% Contributions to the company were not valued
18% Better compensation and benefits
We can gather a few helpful ideas from these results:
- In an unstable economy, employees are looking for a place where they won’t be constantly worried that they’ll be the next to get laid off. If your company is currently in a stable position, emphasize that fact to current employees and new hires.
- Leadership matters. One of the top reasons employees have always given for job dissatisfaction has been dissatisfaction with leadership. If you experience high employee turnover, first look at your management.
- Employees want to love their workplace. If employees love coming in to work every day, they’ll stay with you even through hard times. To improve employee morale, give your employees jobs where they can best use their individual talents and show them how much you appreciate them when they succeed.
- While compensation matters, so do benefits. If you aren’t able to offer your employees large salaries, they’ll still greatly appreciate benefits like free food, time off and small rewards.
Show your employees how much their benefits are worth through an employee benefits statement. Request a free demo to learn more about how this benefit software works.
by Joe Blattner | January 5, 2010
While you may not be able to offer your employees extravagant benefits like an onsite gym or a cafeteria with gourmet food, there are many simple things you can do to show your employees you appreciate them.
1. Say thank you
A simple word of appreciation is not only free, it is also one of the best ways you can recognize an employee. You can say “thank you” for a job well done through a personal card or email, a few spoken words or a formal recognition program.
2. Free food
People appreciate few things more than free food. Providing free snacks or drinks throughout the day can be a great way to keep employees happy. If you don’t want to offer free snacks every day, you could choose to have a donut day once a week or a pizza party once a month.
3. Employee wellness program
Keep employees healthy through a wellness program. Some wellness program ideas are gym membership reimbursements, smoking cessation incentives or free flu shots. Not only do employee wellness programs keep morale high, they can also help cut down on costly sick days.
4. Small incentives
While you may not be able to afford to hand out big bonuses every month, you can probably set aside a few dollars for rewards like movie tickets or gift cards.
5. Time off
An easy way to show love to your employees is to give them time off for a job well done. You could even throw in an extra day off for their birthday or their company anniversary. Depending on your business needs, flex scheduling that allows employees the freedom to create their own schedule can be a valuable benefit.
Show employees the monetary value of their benefits through COMPackage benefit statement software. View a compensation statement sample. [LINK TO http://www.compackage.com/demo.asp]
