According a survey by Korn Ferry, 57 percent of employees say they are looking for a better job outside of their current company--that’s a hard pill to swallow, isn’t it? Employee dissatisfaction is a widespread problem, but it doesn’t have to be for your company. Of the factors influencing job satisfaction, the perks that you offer your employees and the positive culture you create for them will be some of the most influential.
Tip: Download our new our new eBook, “10 Strategies to Build an Outstanding Employee Retention Program on a Small Business Budget" for more employee retention strategies.
Why Job Satisfaction Matters
As an employer, you want all your employees to be happy and have great things to say about your company. As such, your employees’ job satisfaction should be extremely high on your list of priorities. It will lead to a successful company, is important for employee retention, and can take away a lot of your stress as well.
Employees that are satisfied tend to work harder, too. They become an integral part of what makes your business so successful. And hard-working, satisfied employees will stick around much longer--creating less turnover and higher retention. Learn to consistently look for new and creative ways to ensure your employees are satisfied.
Satisfied Employees Love Their Perks
When you ask someone what they love about their job, many of them will tell you about the employee perks. Knowing this, make perks your company’s forte. Don’t be afraid to offer something exciting and new. Find out what your employees want, then invest time and resources strategically - it doesn’t have to cost a lot of money if you’re creative with it. Here are ten perks your employees will love:
1. Half-day Fridays
2. On-site fitness center
3. Casual Fridays
4. Work from home days (when applicable)
5. Pizza day
6. Movie day
7. Employee of the month
8. Free carwash day
10. Department lunch trips
For more ideas see: The Ultimate Low-Cost Perks for Employee Retention
Create the Culture – Employees Will Stay
You can have the best perks in the world, but they will not mean anything without an outstanding culture - it’s one of the other most important factors influencing job satisfaction. There are many things you can do to create a positive company culture that are both effective and inexpensive. If you want your employees to stick around, start creating a culture that they’ll talk about for the rest of their lives. Here are some ideas:
1. Document your values and your vision for company culture
2. Hire employees that fit your company culture
3. Evolve as you grow
4. Match your physical workplace to company’s vision
5. Be open and honest
6. Assign a team member to lead the culture initiatives
7. Get leadership team on board
8. Listen to employees
9. Stay focused
10. Communicate culture constantly
11. Create bonding rituals
For more ideas see: 12 Tips on Creating the Perfect Company Culture for Your Small Biz
What are some ideas you have for unique perks to offer and creating a great culture for your company? Additionally, what do you think are some key factors influencing job satisfaction? Join the discussion and comment below.
Survey Source: Korn Ferry