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The market-place has all kinds of tools and incentives to help companies boost employee engagement. The effects of the 2008 recession have resulted in stagnant growth for some industries and have left many employees fearing that they could lose their jobs for any number of reasons. This fear is well placed because high unemployment has been a constant for the last 5 years.

Happy Employees Boost The Bottom Line

Managing today’s workforce is very different, especially when it comes to millennials many of whom will probably not respond to the “my way or the highway” management style. In fairness, this does not apply to all companies. In fact, the percentage of companies who has this antiquated management style is very rare at best. Senior executives have their own set of challenges which includes increasing shareholder value and satisfying the needs of their customers. The employees however, are at the heart of achieving shareholder value and customer satisfaction so, it stands to reason, that most of today’s companies are trying to find creative ways to retain their talent. After all, this just makes good business sense.

 

This article “10 Ways to Increase Profit & Productivity by Making Employees Happy” is a good guide for companies who for ideas on how to increase engagement within their organizations.

 

 

Profitable Companies Yearn For Happy Employees

January 21st, 2014 | Posted by Apex Time Solutions in Time and Attendance Blog, Workforce Management Software - (Comments Off on Profitable Companies Yearn For Happy Employees)

Over the years the debate about what makes a great company has been discussed to no end by countless pundits and scholars alike. Great companies seek to achieve profitability and happy employees at all levels of an organization. One will simply not work without the other. In cases, where companies are pulling in record profits and their employees are not treated well, chances are…those profits will not last. We found this article, written by Meghan M. Biro a contributor to Forbes.com to be both profound and inspiring.

The article is titled “Happy Employees = Hefty Profits” and includes a list of 5 tools that companies can use to foster a great working environment for employees.

Profitable Companies Yearn For Happy Employees

“1) Pay fairly. At the end of the day, it’s about the pay. Yes, many employees love their work, love their jobs, love their colleagues, but the bottom line is they are there to earn a living. Smart leaders pay people well. This is non-negotiable.

2) Deliver awesome benefits. Whether it’s a good health plan, childcare, transportation, a fitness center or free lunch on Fridays, benefits make people’s lives easier and better. They feel appreciated and cared for, which leads to increased loyalty and a willing to go the extra mile.

3) Keep an open leadership door — and an open mind. Numerous studies have down that when management is approachable and responsive, employee engagement soars. People spend a big chunk of their lives at work, and when they feel voiceless their frustration grows. Actively solicit feedback via social media and old-fashioned management by walking around.

4) Share the profits. When employees share in the good times, their investment in the company grows and they will be far more likely to work hard — and to dig deep during the not-so-good times. When the international literary sensation Fifty Shades of Gray lifted publisher Simon & Schuster to record profits, the company gave every employee a $5000 bonus. This is just plain smart leadership.

5) Make your workplace fun. No, I don’t mean cheesy balloon-a-thons and annoying rah-rah rallies. This is about encouraging people to bring their personalities, quirks and passions to work. This leads to an increasingly seamless work/life mesh, a sense that people can really be themselves at work. Games, laughter, fun are great stress relievers; they renew and refresh us, and build very real bonds between employees.”

So, if your company is using the 5 tools above, then kudos to you!