Last week we discussed the fact the economy is improving and employees no longer feel lucky just to have a paycheck. They are now in a position to demand more. We explored some of the ways to increase the chance that they stay with you long term. Today I would like to take a deeper dive on some additional ideas on how to keep your employees happy.
Compensation is always an important factor in ensuring that people are satisfied at work. The challenge is, when you give someone a raise, after a period of time, that goodwill starts to diminish. Instead of giving the employee a significant raise all at once, why not break it up into smaller incremental raises.…
As the economy continues to improve and jobs are easier to come by, employees are no longer in a state where they feel lucky just to have a paycheck. If you are a manager or business owner it’s now more important to keep your employees happy.
Studies show that 90% of employees are willing to consider leaving their job. Unhappy employees are 11 times more likely to move to a new organization. The average cost for employee turnover ranges from 1-1.5 times the position’s annual salary. As an employer, you can choose to put your time and energy into recruiting, hiring, training, and integrating a new personality into the mix, or you could simply find a way to keep your employees happy.…
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