As a small business owner, I know employees are our big assets. Happy employees are productive employees. According to statistics, happy employees are as much as 20% more productive in the workplace than unhappy employees. Small business which generally operate on tight profit margins, can be hit especially hard when we lose workers. Go back to 10 years ago, I had tough time to retain employees but right now CTL have good employees who worked here over 8 years like Alison, Rick, and Henry. I would like to share some strategies to keep happy employees to work in company below:
- Maintaining Happy Remote Workers
Remote working has become increasingly popular, and many companies are finding it necessary to accommodate more and more remote workers. CTL provide 3 days remote working and 2 days office working opportunities. I found this is great for employee satisfaction, it presents a unique set of challenges for businesses looking to save money. The key to maintaining a positive remote workforce is communicating closely with team members and providing interesting incentives that reward remote performance.
- Create a Career Pathway to Keep Employees Happy.
CTL provide Professional Development Benefits to help employees stay up to date with industry trends, gain new skills and knowledge, and become more productive and efficient. It’s important to have regular career planning discussions with the employees. As part of training and development, make sure employees are aware of the different types of career paths or job opportunities throughout the company.
When CTL invest in employee training, we find employees can grow their skills and pursue professional goals while integrating new knowledge and skills into their day-to-day work responsibilities. We’ll explore professional development in the workplace, how it benefits employers, employee and business.
- Build A Positive Company Culture
We believe “Happy employees make for a happy company. Without a positive corporate culture, many employees will struggle to find the real value in their work, and this leads to a variety of negative consequences for your bottom line. Within the office, we’ll publicly acknowledge accomplishments, provide a group lunch, team building events, reserve a prime parking space and talent retention. Make employees part of the big picture. We’ll also help employees improve their work-life balance. “To engage the workforce and remain competitive, it’s no longer sufficient to focus solely on benefits. We create an environment where employees feel connected to the organization and have a positive work experience that’s part of a rich, fulfilling life.”
- Motive, Benefits and Reward Staffs
Employees who feel appreciated are more likely to have a positive attitude towards their work, which contributes to a more productive work environment for all team members. We Recognize outstanding employees achievement by a gift card, “Employee of the Day”, bonus, compensation increase and give them a token of appreciation. According to statistics, workers who left a job in 2021, 63% cited low pay as either a major or minor reason, according to a Pew Research Center survey. Offering a competitive compensation package, which typically includes wages, bonuses, and other incentives, is just as important to retaining employees as it is to recruit new talent. Regular pay increases also can help prevent employees from looking elsewhere, as well as boost morale.
Happy Employees Lead to a Successful Business
Being a small business owner, I learned the cost of hiring new employees is typically higher than it is to retain them, and turnover can cause stress for current employees. I found Happy employees are more creative and get more accomplished. Happiness is infectious too. According to statistics, 57 percent said having a “work best friend” makes work more enjoyable. Strong relationships with colleagues improve happiness and impact the entire team’s energy. When we create a pleasant company culture, it maximizes the positive impact throughout our business. We found that an engaged workforce and behaviours connected with such a workforce can lead to increase in business profitability.
Maggie Chen, Management Consultant; Certified Mergers & Acquisitions; Investment Advisor; Founder/CEO at CTL Business Group
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