Employee Satisfaction: The Ultimate Guide for Small Business Owners: A blog filled with tips for businesses to increase employee satisfaction.
Business owners have a tough job. Between hiring, training, keeping your business afloat and personal issues, there’s never enough time in the day. Employee satisfaction is often the last thing you think about before work and the last thing on your mind when you get home. But employee satisfaction can be the determining factor in whether or not employees are productive and want to stay with your company. While employee retention is important, it’s also challenging. So here is a guide on how to manage employee satisfaction to increase productivity!
What is employee satisfaction and why it’s important?
In today’s economy, companies are more readily outsourcing and utilizing contract labor for the project work needed to keep businesses thriving. That said, employee satisfaction is surely a vital part of any business model, both for recruiting purposes and retention. When employees are satisfied with their work and environment, they’re more likely to engage with their work and make a greater commitment to staying at the company long term.
Employee satisfaction strategies for small businesses
Employee satisfaction strategies go a long way, and having the right personality for the job is just as important as having the right expertise. While you may be aware of this in theory, there are many best practices that small business owners should take into consideration to help create a more productive office environment. This includes facilitating healthy communication between employees and managers, ensuring employee loyalty, offering professional development opportunities, and promoting work-life balance.
Kick-Start Employee Friendship:
With a whole new work culture on the rise, it is no wonder why young employees are willing to work for free.
It is a relief to them, to work as a team and interact with people of different cultures and thoughts.
The freedom they feel in the workplace attracts them more to the job.
As an employer, it is your responsibility to make a workplace that fosters friendship among your team members.
You may not have the power to do everything but one thing you can do is to encourage healthy competition among your employees.
You have to facilitate their bond through fun activities and meaningful office parties.
Aside from that, you can also take into account your staff’s personal life.
It is important they are satisfied with what they are doing and that they feel like they are being appreciated.
Some great employee retention tips:
Many businesses don’t know how to prioritize employee retention, especially startups that are working on building their brand and creating a name for themselves in their niche market.
Employee attrition is a common problem in many industries. If you’re not careful, it can result in a loss of goodwill and profit. The best way to minimize attrition rates is to offer a healthy, comfortable work environment and make sure employees are satisfied with their jobs. In addition, initiatives such as employee-of-the-month programs can help when trying to improve retention rates.
However, every startup must prioritize employee retention, because new businesses have so little bandwidth. Sadly, some startups fail before they even get started because they lose key pieces of their team before the company is off the ground.
Losing an employee with a lot of potential is always a bad idea when you’re a startup since the competition will quickly find ways to capitalize on a hole in your team’s skillset. In short, missing out on employee retention is not a choice you want to make if you’re working at a startup.
Retaining employees becomes even more important as your business grows into mid-size and large companies. While creating good hiring processes is necessary for larger companies, figuring out what your employees need to feel satisfied and happy with their experience should be priority number one at any stage of your company’s life cycle.
Top 3 ways to create a fun work atmosphere:
A happy workplace is an environment defined by the individual perception of the employee. There are many different ways to keep your workplace from getting overwhelming, so if one doesn’t work for you, try a few others!
Ultimately everyone needs a bit of a break from time to time. There’s even a word for it in the design industry.
If you work with a group and have trouble coming up with ideas for having some fun at work, don’t be afraid to reach out to new hires; ask them what they would like to see implemented in the office.
And if you are planning on having meetings with clients, don’t forget to throw down some floor mats and pillows and go outside or throw on some exercise clothes and play some gym games!
Make sure you choose the right games for your team though. If you hire great people, they should be able to think of good ideas too! You can even use this as an opportunity to bond with your coworkers.
Why employee recognition matters:
Employee recognition is the cornerstone of any employee retention strategy. It works for employees, but it works better for companies that implement it because they benefit from employees being less likely to leave them for a competitor if they know they’ll be appreciated.
Gratuity, of course, is not the point of recognition. A review of a study in Harvard Business Review shows that:
We notice and appreciate when others have done a good job when they have performed to the best of their ability. Employee recognition is the ultimate way for the people who work for you to receive that approval and appreciation.
Find employee engagement strategies that will inspire your staff:
Ultimately, it all comes down to how you treat your employees. If you value them, they’ll be more motivated in their task and provide better service to your customers.
The more satisfied your employees are with their jobs, the more likely they are to stay around longer, which means greater stability for your small business.
Treat your employees well and you’ll be handsomely rewarded in return.
Employee satisfaction is a key factor to any small business’s success. Without the right employees, a business can fail. At Cloudhire, our mission is to help businesses grow through the power of employee satisfaction. Our platform provides employers with a means to manage employee relations by providing real-time feedback (internal surveys) and an employee review system that enables businesses to understand what their employees need to be happy.