It’s one of those things that’s often easier said than done: for a business to succeed, it’s vitally important that it looks after its employees, given that they are the ones responsible for the day to day running of it!
This is why more and more businesses are concentrating on employee retention and doing whatever they can to look after their staff. For instance, there is a story about a business owner in the USA who made more than $1.6 million dollars on the stock market but gave it away to his employees. Crazy? Maybe. But an example of treating employees right, definitely.
Although not all businesses have this kind of money to throw around, smaller things like Corporate sweet hampers have an equally good effect on improving morale across a workforce.
As well as improving morale, there are countless other benefits that businesses can reap from looking after their employees. If you need any more convincing, keep reading for some of these benefits below.
#1 – Improved productivity/loyalty
It is pretty obvious that if employees are treated well then they will be more productive with their output. You know that if someone treats you nicely you are more inclined to return the favour and be nice back to them.
When the workforce is rewarded for the hard work they put in, they will feel naturally encouraged to put more effort in, thus helping the business to prosper. Employees will also be more likely to stick around and not exit their employment if they are being treated well there. Keeping staff also means you do not lose important knowledge every time someone walks out the door.
#2 – Better customer relationships
For businesses that have a workforce that regularly interacts with customers, it’s critical that they are well looked after so they extend the same feeling to customers.
Given that it’s the customer-facing workforce in particular who is responsible for portraying the image of the business to potential, new, and existing customers, if they are not happy at work, this will almost certainly come across in their dealings with outsiders.
#3 – Reduced sick leave
To be a good employer in the modern era, the business must care about, and take steps to uphold, the wellbeing and health of their staff. As part of this, the working environment must be kept clean and hygienic, and there should be a number of different wellness programs in place that employees can take part in free of charge.
Doing these things will help to make the workplace a healthy and happier place to be. This is a good thing for businesses, as a healthier workforce means less people will be inclined to take sick leave.
In summary, the reasons for treating employees well is true no matter how big or small a business is and what its plans for growth are.