How does a company get ranked to be the best place to work? A yearly survey asks employees about management, job satisfaction, pay and benefits and a variety of job issues. Based on this data, companies are ranked each year. Check out the best companies 2014.
Whether you are at the top of the list or not, you want to keep employees happy on the job. Did you know that the average cost to replace a worker is $17,000? With that, it’s a good business practice to keep a good employee once you have found them.
Here are some strategies that work:
- Compensation. Make sure your wage and benefit package are in line with the standards for your geographic area and industry. Nothing will move an employee out the door quicker than a higher salary! Stay competitive to keep people on the job.
- Training. Provide opportunities for employees to receive training to improve their skills. This is a real win/win – it benefits both the employee and the company.
- Respect. Be respectful of the employee, take the time to say thanks for a job well done, and let each employee know they are valued as a person.
- Career Development. Create career pathways for employees to expand what they do on the job. Mentor and guide the employee to prepare for the next step up the corporate ladder.
- Other Perks. Be creative and provide other perks that employee appreciate. Consider flextime and telecommuting options for trusted employees. Provide incentives for meeting productivity or other goals. There is no end to the creative ways you can make things easier for employees.
It always saves time and money to keep an employee happy on the job. Learn more about how to work with and keep employees happy – learn what the insiders know – enroll in the Understanding the Human Resource Function course.