Employee morale has a much greater impact on the success of companies than many CEOs realize. When was the last time you took a poll of your employees around? If you do not know the answer to that question, it has been too long. It has too many pervasive effects on the performance of a company to neglect it.
Importance of Employee Morale
Do you know what employee morale is? It is a word coined by psychologists to describe how fulfilled, and happy employees are. Companies that provide more fulfilling work have higher employee morale. It is measured in different ways, so results can vary according to the poll. However, the results On different polls seem to trend reliably with each other.
Employee Morale is Linked with Productivty:
Did you know that happier employees are more productive? You might be able to eliminate a few staff members if you can boost the happiness of the remaining members. They will work harder as long as they find the work fulfilling. There are many ways that you can encourage your employees to find meaning in their work.
Higher Morale Increases Employee Retention:
Hiring and training new employees are costly. It is often better to retain experienced employees. That way, you do not have to spend as much on training new ones. Just remember that you should use some of the savings to give the remaining employees a bonus.
Happier Employees Save Companies Money:
Happier employees improve the company’s productivity. This can translate into tremendous cost savings. That means that your bottom line can be moved reliably by improving employee morale.
Tips on Creating a Happy Workplace
Creating a happy workplace is a new concept for many managers. However, the idea of happiness has been explored by philosophers throughout history. Many avenues have been explored by some of the greatest minds throughout history.
Compensate Them Fairly:
Our biggest recommendation would be to compensate your employees fairly. Believe it or not, it is one of the most significant factors affecting employee morale. It is hard for you to enjoy your work if you are living paycheck to paycheck. Employees that earn a living wage are far more likely to report having higher morale.
Create Stress Free Environments:
Any workplace functions the best it is stress-free. The best that most employers can do is at least provide an environment free from harassment. Employees should not need to worry about what will happen when they walk in the front doors at work.
Avoid Micromanaging Them:
A lot of modern management techniques involve micromanaging employees. This prevents employees from developing independence. It can be useful during the initial training stages for new employees. However, employees that have independence will always produce the best results. They will also be more likely to stick around. Nobody likes being micromanaged. It would be wise for management to remember that.
Only Keep Talented Employees:
As the owner of a business, you should not keep around any talented employee. You are paying them good money so they should produce good results for you. It would be better for you to have a smaller number of talented individuals who had higher wages. Many employers try to pay employees the lowest wage possible. They end up with a bloated staff of incompetent individuals.
Provide Paths for Advancement:
How motivated would you be to work if you did not believe that you would ever get a promotion? You probably would have a hard time going to work enthusiastically. Your employees would feel the same way. That’s why you should always offer clear paths for advancement to all your employees. The best paths for advancement are merit-based. That way, only the most talented individuals are promoted.
Address Their Concerns:
Most employees will tell you what they want if you ask them. You should pay attention to the concerns of all of your employees. It is a human touch to the company when you address their concerns individually. The company has a responsibility to its employees.
Create a Green Work Space:
There are many benefits of going green with your business from a lower Scana Energy bill, to tax credits but one advantage that is not often talked about is employee satisfaction. Studies have shown a higher job satisfaction rate of employees who work for companies that are environmentally friendly.
Employee Morale and the Workplace
Modern culture places too much emphasis on the individual for their own happiness. When you are living paycheck to paycheck, it does not matter how many minutes you spend in meditation. You are always going to feel chronically stressed. Treating employees fairly produces better results for everyone.