Investing in your employees isn’t difficult, but it’s not always clear how to do so. These tips will help you engage with your team.
One of the best business decisions you can make is to invest in your employees. Doing so benefits your employees and your company in a number of different ways. Your employees become more satisfied with their jobs, which means they work more effectively and are more engaged in their job. They are more likely to remain with your company and to be willing to put in extra work when needed.
But while it’s easy to talk about investing in your employees, it’s not always easy to see how to go about doing this. The following pointers will help you see how you can invest in your employees and reap the benefits of doing so.
Create Training Programs to Help Employees Move Up
Very few employees want to be in the same position for their entire careers. By creating a program that helps train employees to move up into management and leadership roles, they will see a future with your company. Some leaders are afraid that employees will gain leadership skills and then leave the company, but this doesn’t happen as often as you may think. Instead, these employees appreciate the training and are ready to take on more responsibility as your older managers retire. Even those who do leave are likely to recommend your company to others as a great place to work.
Provide Guidance and Resources to Your Employees
Do your employees know how to advance their careers or grow as individuals? Providing resources such as training programs and educational courses allow them to learn. Even if what they’re learning isn’t directly connected to their daily work, some people enjoy gaining additional skills. They may even later find that these skills can be used in their position or in future projects. It’s also a way of simply showing that you care about their personal growth and want to give the chance to expand their skill set.
Get Your Employees Involved in Building the Business
Building a business from the ground-up isn’t easy, so why not involve your employees? Ask them for their ideas and feedback. You may find that someone has an amazingly creative suggestion that will allow you to grow your business much more quickly than you thought. If you don’t get your employees involved, you may be losing out. Asking for ideas also makes your employees feel appreciated and keeps them involved.
Set Employee Goals and Ensure They are Being Met
Having a system in place that establishes goals and ways of measuring progress towards those goals will help your employees feel more in control of their job. They will understand exactly what you expect of them and know how you will be measuring their performance. These defined goals begin with a job description, but they shouldn’t end there. Once an employee feels comfortable in their job, it may be time to sit down with them and discuss new goals so that they always feel engaged, useful, and heard. Periodically sitting down with each employee to discuss their job performance and their progress towards these goals is also a vital part of this process.
If your employees don’t feel challenged, they may begin to get bored with their jobs. Yes, some people may enjoy doing the same things over and over with nothing new or different, but most employees want a change of pace every now and then. They want something that puts their skills and talents to the test. Challenging employees to learn something new, step outside of their comfort zone, or reinvent themselves will make them feel appreciated and useful. While you don’t want to make someone’s job continually challenging to the point that they feel overwhelmed, take the time to talk to employees about what challenges they may want to take on and accommodate them.
Bring Your Employees Together
Team building activities can help your employees learn about each other, forge relationships, and discover where their strengths and weaknesses lie. By hosting team-building events, your employees will learn how to work together and may find that they have more in common than they thought.
Your Mission Statement Should Match Employee Values
Does your mission statement involve your employees? Many employees today, especially younger people, want to work for a company that has similar values to their own. If your mission statement doesn’t, it’s likely a turn off for some people. If you feel like your mission statement isn’t encompassing the values you believe it should, get your employees involved. Ask what direction they want to see the company move towards. You might find that by adjusting your company values, you bring in employees who truly want to see it succeed.
Quickly Handle Toxic Employees
Make certain you conduct exit interviews with all employees who are leaving to gather feedback and learn what problems they may have encountered. If many of them name a certain employee, manager, or even executive, it’s a sign that you have a toxic employee on your hands. These individuals may be one of your top performing employees or have specific skills your company needs, but they’re also driving great employees away and damaging your reputation.
Do these employees bring enough to the table to justify everything you’re losing? Perhaps, but even if you can’t fire them, you need to do whatever you can to limit how their toxicity spreads. In some cases, this may mean removing them from acting as a direct supervisor over others. In other cases, you may actually have to make the difficult decision to fire them.
Allow Lateral Moves
Sometimes, an employee may want a change in position, but may not be ready (or want) to move upwards. Some young employees may decide they’re on the wrong career path or an older employee may want to do something different. In this case, a lateral move to a different department may be the perfect solution. If you don’t allow these moves, employees who want a change of pace may look outside the company. Lateral moves help you keep these talented individuals.
Bring in Motivational Speakers
Finally, motivational speakers can help keep your employees happy and satisfied. They can teach employees coping mechanisms for various issues and help transform your company’s culture into one that’s more positive and healthy for everyone. They can also impart things such as time management skills. Studies have even shown that motivational speakers are cost effective and improve productivity.
Investing in your employees doesn’t have to be difficult. In some cases, all it takes is listening to them and actively involving them in the company. By following these tips, you’ll be able to engage your employees and create a company people are proud to work for.
Being a senior business associate, Peter Davidson strives to help different brands and startups to make effective business decisions and plan effective business strategies. With years of rich domain expertise, he loves to share his views on the latest technologies and applications through his well-researched content pieces. Follow him on Twitter.