5 Ways to Appreciate Employees Better
Posted on 02/25/2019
Imagine a job where you are constantly overworked, berated and never appreciated. Doesn’t sound very appealing, does it? Unfortunately, this is the reality far too many workers live in. What many leaders fail to realize is the value in their employees. No matter how big or small a business is, workers are the lifeblood that keeps it going.
In fact, retaining an employee is a far cheaper alternative than hiring a new one. One CAP study found the average costs for hiring a new employee range from 16-20% of the position’s annual salary. For instance, to replace a $40,000/year manager, it would cost a company $8,000 more than simply keeping the original employee.
So, how can you combat employee turnover? By making sure workers feel valued from the beginning. Whether you’re a CEO, manager or low-level business professional, employee retention matters. Here are five ways you can appreciate employees better.
1. Check in with them.
2. Give company recognition.
3. Share public appreciation.
4. Challenge their growth.
5. Ask for feedback.
When employees aren’t valued, companies can face a high turnover rate, which costs money and can leave the organization struggling. Instead, keep these tips in mind to better appreciate the employees around you, so you can establish a strong team and a growing business.
The Times Press Limited
3510 27th St. NE, Bay 10 • Calgary, Alberta, T1Y 5E2 • Canada
Phone: (403) 243-1211 • Fax: (403) 243-3496