New Year, New Me. If there’s a universal New Year’s resolution, this would be it.
The same can be said for every employee in your organization. New years are an opportunity to start anew and pursue continuous development in one’s career track. This is also the perfect moment to think of ways to motivate your entire staff to establish new expectations within your organization. For a new fresh start, employing a recruitment firm is one of the best ways to move forward.
The first challenge you might welcome in the new year is employee retention. Every new year, some companies struggle with resignations as employees go after receiving year-end bonuses. It’s safe to say that this boils down to one thing: employees leave when they don’t feel motivated to stay.
New Year’s Resolution: Motivate Your Employees
If 2016 was a great year for your organization, you have to keep the ball rolling to make sure that each and every employee’s quest for productivity and self-improvement will continue in the new year. Everything starts with motivation. Non-motivated employees don’t see their value in the organization and the worth in staying.
Start the new year right. Here are eight ways to rekindle your employees’ love with your company.
1. Set goals
It should be no secret that setting smart goals are essential for continuous success. When assigning new goals, plan a strategic vision for the upcoming year. If you aim to increase more profit, boost partnerships, or expand, be sure that every goal must include your employees’ need for development, innovation, and work acknowledgment in the big picture.
In a survey conducted by Dale Carnegie, happy and engaged employees outperform those who are not by 202%. So, begin your goal setting by motivating your employees, and success will eventually follow through.
2. Provide ownership
Work ownership is a great factor to drive motivation and professional improvement. Give proper space for your employees to head a project and perform specific tasks on their own and in what they excel in.
Avoid micromanagement as this can demotivate them. According to a 2011 study by the American Psychological Association, continuously watching your workers hinders proper work execution and memory, which leads to them worrying more about supervision instead of the task at hand.
Instead, ask your employees for reviews regarding their work and what they can still improve on.
3. Prioritize appraisals
Discussing appraisals with each employee is crucial. It’s an opportunity to review their work performance and assess whether they deserve a salary increase or bonus schemes. When you prioritize appraisals and give feedback, your employees will feel rewarded and valued. In fact, a study showed that there is a 14.9% chance of lower turnover rates when companies provide regular feedback and appraisal regulation.
4. Accommodate training
Every employee’s growth contributes to the overall progress of the company. Above all, employees value development and will constantly look for opportunities to improve. According to Middlesex University’s Institute for Work Based Learning, 74% of respondents want more training to achieve full potential at work.
Self-development is important in every industry, and through relevant training, your employees can strive to become better both for themselves and the company’s well-being.
5. Build healthy relationships
If you think a hefty pay is enough to keep your employees motivated, then you have to rethink your processes. Most employees value corporate relationships in the long run. Good employee relationships is a key factor in work motivation and better team productivity.
Researchers at the University of North Carolina discovered that 22% of employees are less engaged at work due to conflicts. Make an effort to make peace among employees, not conflicts.
6. Create reward programs
Rewards, no matter how small or large, is a big acknowledgment for employees. Employee reward programs such as contests and bonus ideas can inspire your employees to work better and be more productive. A great rewards program should initiate healthy competitions and positive teamwork along the way.
Programs that involve employee engagement is shown by Bersin by Deloitte to have 31% lower voluntary turnover rates than companies who don’t have.
7. Cultivate good culture
A positive work environment puts employee comfort and motivation at the top. Merriam-Webster deemed the term ‘culture’ as the word of the year in 2014, and it says a lot about companies’ culture cultivation. According to TINYpulse’s 2014 report, 64% of employees do not feel that they have a strong company culture.
A reinforcing company culture starts from the top management. So, start with meeting every employee face-to-face and be a role model to each one. Also, company culture can help attract top employees, especially the millennials.
8. Forge greater visions
An employee who sees that a bright vision awaits them will stay and grow with the company. Give a working direction for your company, which all your employees look forward to.
When constructing a company vision, ask yourself, ‘Will this inspire the entire organization?’ A bright future lies not just with profit increases, but also on how employees continue to trust and resonate with their organization’s beliefs.
As you prepare your organization for the New Year, embrace change and explore possibilities. Steer your company on the right track by motivating your employees, and welcome new additions with the help of a recruitment firm.
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