In the current job market, many business leaders are trying to find the best ways to attract talented workers. With so many enterprises vying for hires in the labor market, it’s a good idea to understand the things employees prioritize. Read on to find out how to make your workplace the best possible place to work.
Nowadays, work-life balance is key to attracting and retaining quality hires. Offering vacation time and personal days can be great incentives to attract talent and can mean the difference between a valuable, long-term team member or someone who starts job hunting right away and leaves after a year or less. Besides, long work hours can lead to decreased morale and burnout.
It might take some organizational effort, but promoting work-life balance can really pay off in the long run. This might mean instituting an unlimited paid time off policy, promoting volunteer days, asking employees not to send emails after a certain time of night, or encouraging employees to book all their vacation days in advance before a certain point in the year. Letting people know that it’s okay to take time off to rest and recharge, and to have hours during the way when they don’t have to think about work, can increase workplace satisfaction and can have a surprising effect on productivity.
Giving employees time off goes beyond pre-agreed vacation days—it can also mean having space for your employees to take unplanned time off. It can mean flexibility when scheduling work, so your team can get things done when they’re most productive. It can also mean flexibility when granting time off for life’s unplanned and unavoidable emergencies. More than anything, flexibility is about trust—having confidence in your team members’ ability to set their own priorities, navigate obstacles, and accomplish objectives. Give your employees the benefit of the doubt, and you’ll have a team you can trust to get the job done.
Good compensation for good work is the name of the game when it comes to incentivizing employees, but compensation includes more than wages. Nowadays, many prospective hires are looking at total compensation packages. That means that offering not only good healthcare packages but also things like life insurance, employer-sponsored retirement accounts, and 401(k) matching can ensure your employees are incentivized to stay with you for the long haul.
Any workplace is only as effective as its workers, which is why establishing a robust culture of mutual trust is essential. Working together requires good communication among colleagues, and creating an environment where employees feel safe voicing their concerns. This starts with promoting a culture where honesty and supportiveness are encouraged. Markets are competitive, but a well-run business is a cooperative endeavor. Establish a culture where collaboration is expected, and teamwork will come naturally.
Contact: Don Klein, 1-800-323-7033
Name: Michael Bertini
Job Title: Consultant