Naperville Business Lawyer Discusses How to Improve Employee Morale
As a business owner, employee satisfaction and retention are probably among your top priorities. Not only are contented employees more efficient at their job and more enjoyable to work with, keeping employee turnover low helps save you money over the long run. According to various studies, the average cost of losing an employee is 21 percent of that employee’s annual salary. If you can retain the same employees year after year, you avoid costly and time-consuming hiring and training. Read on to learn about some of the best ways to keep employee morale high as a small business owner.
Give Employees a Sense of Purpose
One of the best ways you can help your employees enjoy their job is to make sure they see it as more than just a job. Everyone wants to feel like the work they do on a daily basis actually matters, but sometimes it can be hard to see the forest for the trees. The way you show your employees the difference they are making can vary depending on the type of business you own. You may be able to share positive customer feedback or other evidence of the good work your employees are doing with staff. You can also speak one-on-one with employees to let them know that you appreciate their work and that their effort makes a difference.
Consider Offering Work-From-Home Opportunities and Flexible Hours
Being locked into a strict work schedule can make employees feel like they have no control. If your employees are responsible and trustworthy, consider giving them the opportunity to work from home when appropriate. If this is not a possibility, offering more flexible work schedules, half days, or additional vacation days can have a major positive effect on employee morale. Although it may seem counter-productive, respecting employees’ personal time can encourage them to better respect company time.
Do Something Fun Once in A While
Even though your employees are adults, they probably still like to have fun and laugh. Taking employees on a special outing or even just out to lunch once in a while can do wonders for company morale. Doing something special for your employees can make them feel appreciated and give them a respite from work. Even if you do not have the funds for a major excursion, a small token of appreciation can go a long way to raising your employees’ spirits. Giving employees time to bond with each other in a fun environment also helps build communication skills and camaraderie.
Contact a Naperville, Illinois Business Law Attorney
If you need sound legal guidance for starting a business, selling a business, business litigation, tax planning, and more, speak with an experienced DuPage County business law attorney. Call 630-756-1160 for a confidential consultation at the Gierach Law Firm today.
Small Business Trends
Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.