Improving employee morale is not entirely tied to compensation. According to a Boston Consulting Group survey, salary comes in at number eight on the top ten list of reasons employees are satisfied in their current positions. When it comes to improving morale, cash is not necessarily king. Here are some ways to keep your employees happy while not blowing your budget.
The top factor which contributes to employee morale and happiness is an appreciation for the job being done. When an employee reaches a milestone or goes above and beyond on a project, take time out to recognize this achievement. Hold regular town meetings that highlight employee contributions. Consider giving a day off when an employee goes above and beyond the call of duty or taking the team out to lunch. Recognizing a job well done goes a long way in boosting morale and increasing employee satisfaction.
Happy Hours/Employee Dinners
Employees love to know that they are working with great people. Frequently, people are working so hard they don’t get to know their colleagues outside of a few minutes at the water cooler or the occasional lunch together. Schedule regular happy hours and team dinners which will allow employees a chance to get to know one another. For special events, consider allowing your talent to bring along family members, helping them feel even more connected to the company.
Get Employees Involved
One reason employees leave a job is that they do not feel like they have a voice in the company. Take the time out to ask your employees how they feel about their assignments. Hold team meetings on a regular basis to give colleagues a chance to voice their concerns in a safe environment. This can help to bring issues to the surface before they become a problem. Knowing that they have a safe place to discuss their problems and contribute ideas for the betterment of the company can have a significant positive impact on the office environment.
Finding talented employees and training them can be expensive. Retaining happy, motivated, and satisfied employees does not have to be. Consider some of these ideas to boost employee morale and create a company that your workers will be proud to be a part of.