How well do you know your workers? In the past, many companies have tried to limit their employees’ personal lives. The rise of the modern workforce has prompted many companies to rethink the concept of work-life balance. They realize that having a balanced lifestyle is very important for the success of their organization. Having a positive work environment and knowing more about the personal lives of their employees are two of the most vital factors that employers can consider when it comes to employee retention and satisfaction.
Improve Your HR
Although it’s not always possible for a CEO to thoroughly memorize every employee’s personal details, employers must develop policies and programs that will allow them to recognize and accommodate the diverse needs of their workers.
It’s also crucial that employees working over 12 hours a day know the importance of maintaining a healthy lifestyle. Doing so can help prevent them from experiencing stress and other harmful effects from their work.
Why You Should Prioritize Morale
Despite the importance of employee satisfaction and happiness, many companies still focus on maintaining a low-cost approach to improving their workforce.
One of the most cost-effective ways to improve employee satisfaction and retention is by implementing paid sick leave. It can help prevent workers from experiencing stress and other health risks. Extending this benefit to contract workers can also help lower their stress levels.
Getting rid of a burned-out employee is also a costly issue for employers as it can increase their business costs significantly. According to a study, one out of four workers who said they did not have a support structure for work-life balance made plans to leave their job in the next two years.
A separate study also noted that flexible work arrangements could help boost employee retention. These arrangements can benefit the employee and the company as they help prevent people from leaving their jobs. Employers must regularly inform their workers about these types of arrangements.
Employers must provide their employees access to various support services and programs to promote a positive work environment. Doing so can help lower their stress levels and make them feel valued and satisfied. Besides providing flexible work arrangements, it’s also vital that employers regularly promote a healthy work environment.
Originally published on Herrick Lipton’s website.