iBankCoin
Joined Dec 27, 2015
237 Blog Posts

How Happy Employees Boost Your Revenue

When business owners motivate their employees and increase engagement, businesses succeed. In the age of technology, businesses need their employees to produce more efficient work to increase revenue. It is human nature to have an increase in energy, be less stressed, have more creativity, and help others when when we are happy. According to a study conducted by economists at the University of Warwick, happy employees resulted in a 12 percent increase in productivity, and unsatisfied employees were 10 percent less productive.

Although some may believe that salary is why the majority of people leave jobs, pay isn’t usually the case. Research has shown that salary isn’t typically the primary cause of people leaving their jobs. The main reason people leave their jobs is because they don’t feel appreciated and valued. Here are some ways that business owners and managers can improve revenue through happy employees.

 

Build a Solid Foundation of Trust

When employees don’t feel trusted to complete the duties of their jobs, it can hinder their ability to solve problems and cause a lack in confidence. By letting your employees know that you trust in their abilities, it will give them a sense of value and optimize their contribution to the success of the business.

 

Provide Employees with a Positive Workplace

When business owners encourage their employees to be themselves, it creates a seamless transition between work/home life. When employees can be themselves at work, they can relax and produce better work. Games, fun activities, and laughter can be excellent ways to relieve tension and create a bond among employees.

Be sure to acknowledge skills and qualities that are seen in employees because it is a vital factor when it comes to employee engagement. Thomas Britt is psychologist at Clemson University and stated if individuals are not provided with the opportunity to showcase their skills and talents, their level of engagement and commitment will significantly diminish.

 

Give Employees Perks

When employees are given perks, such as good insurance, free lunch one day per week, or casual Fridays, they feel valued and appreciated. There are many companies that use benefits to increase employee productivity, which may include free memberships to fitness centers, childcare, or the choice to work remotely once per week.

 

Use a Human Resources Information System (HRIS)

What is HRIS? It’s a software program that can be used to help those in the human resources department increase productivity. Although employees in the human resources department primarily use this type of software, it benefits employees in every department. With the use of HRIS, there will be less issues with payroll and benefits. There are also HRIS programs that have self-service features that provides employees with increased engagement.

 

Give Employees Opportunities for Growth

If business owners provide their employees with opportunities for career growth, it will enhance the skill sets of employees, which will boost productivity and revenue. In addition, by giving employees the chance to grow, it lets them know that you believe in their potential and are worth the investment. There are many companies that offer compensation for attending conferences and workshops, education, and mentor programs.

 

Establish Goals

When your employees are provided with specific, challenging goals, it will help them work to their fullest potential. Even if an employee is tasked with assembling a small product, he or she should understand every step of the procedure with a clear goal of how many he or she will assemble during their shift. Goals that are clearly stated and defined provide employees with a guide that helps them accomplish their goals and recognize their progress. According to a study conducted at the University of Alberta, employees who are focused on their goals show a 60 percent decline in absenteeism.

A business is only as successful as those who help it function, and when a business owner keeps his or her employees happy, it helps the whole business thrive.

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