How to Increase Employee Engagement and Decrease Employee TurnoverGood news. Employees are more satisfied than ever with work. In 2015, 88% of US employees reported that they were happy with their jobs.
While these numbers are certainly encouraging, there’s always room for improvement. Dissatisfied employees can be costly. Poor performance or, worse yet, a high employee turnover rate can be a real drag on your bottom line.
Employee turnover will cost you at least 30-50 percent of that employee’s annual salary—not to mention the toll high turnover can take on your culture.
Treat Everyone With Respect
We all want a little, right?
It’s hard to do good work if you don’t feel respected or appreciated. A 2015 study on employee engagement found that the number one aspect affecting an employee’s job satisfaction was not compensation or benefits—it was respectful treatment of employees.
While there are many layers to treating employees respectfully, a great place to start is by granting them some power with their work schedules.
Feeling like they’re a slave to the schedule is a surefire way for employees to feel like they’re not respected. Make your employee’s needs a part of your scheduling decisions and you’ll see improvement on issues like morale and employee turnover.
Another major contributor to employee satisfaction is good communication with both supervisors and upper management. How’s communication going with your employees? If you’re fumbling for an answer, communication might be a good area for you to work on.
Open a dialogue with your staff and watch how much it improves their job satisfaction.
Build a Better Culture
Workplace culture is another important factor for employee satisfaction. While it’s not easy to completely change the culture in your workplace, you can take small steps by improving in the areas above.
Respect, better communication, and a good work culture are very basic needs that, hopefully, don’t surprise you. Most of us have similar needs outside the office.
If you’re doing all of the above—great. Hopefully you’re enjoying high levels of employee satisfaction. Every workplace is different, though. While these points are successful statistically, your staff may differ. Ultimately, it’s vital to understand what makes your employees happy and adjust your feedback and work environment accordingly.