People Management & HR

8 Things Your Employees Need from You

  • 6 min Read
  • December 1, 2020

Author

Escalon

Table of Contents

Many employers believe that they’ve done their duty by providing a competitive salary package and staff benefits to their teams; however, that’s not enough for a happy and productive workplace. In today’s highly-competitive market, businesses must up the ante to attract and retain the best employees. They need to go beyond a paycheck and basic benefits, and should be willing to offer perks that truly resonate with today’s workers.

So, what actually motivates employees, and how can you retain your best people?

Here are eight things that your employees need from their employers in order to stay motivated, which in turn, can lead to higher job satisfaction, better productivity and stronger retention.

Health and Wellbeing Initiatives

According to a survey by Gartner, staff members who are satisfied with their work environments are 16 percent more productive, 30 percent more attracted to their employers over competitors and 18 percent more likely to stay. In fact, two-thirds of the respondents revealed that they would be more likely to accept a new job or keep the job they have at a workplace that cares about their health and wellbeing.

Another survey by Future Workplace and View found that employees look for the basics first — namely, access to natural light, better air quality and the ability to personalize their workspaces. Fifty percent of the respondents reported that poor air quality makes them drowsier during the day, whereas more than a third said that, as a result, up to an hour of productivity is lost. In fact, light and air quality were the top influencers of employee happiness, performance and wellbeing, while technology-based health tools and fitness facilities were the most insignificant.

This means that organizations that are prepared to adapt to an employee-centric view of workplace health and wellness will not only increase their productivity, they will also enhance their ability to attract and retain top talent.

Indefinite Flexibility

The stringent nine-to-five workday doesn’t work anymore. Regardless of the industry, flexibility is extremely important to employees across the world. According to Mercer’s 2018 Global Talent Trends study, 51 percent of employees want their company to offer more flexible work options. Of the participants thriving at work, 71 percent reported that their company offers flexible work options, compared to 32 percent of those who are not thriving.

Flexibility can address the widening skills gap by allowing businesses to tap into a broader talent pool with a wider range of skills. It can also support gender diversity strategies, as companies that make flexibility a core tenet have better representation of women today and better future courses.

A Supportive Boss

One of the main reasons good employees quit their jobs is because of their immediate superiors. There is thin line between a high retention rate and a high turnover rate, and usually the boss defines that fine line.

Staff members spend a lot of time at their places of work, and the type of boss can make a huge difference in their work environments. A boss who is understanding, helpful and well-loved by their subordinates often receives a high level of loyalty, even when other work factors may not be ideal.

Opportunities for Growth

Good workers often leave an organization because they feel they are no longer adding value, or that they have reached a ceiling in terms of their career paths. Typically, most employees are satisfied with their jobs the first two to three years after joining a new organization, or being promoted internally. However, they often get bored and complacent after a few years, as they master their daily activities.

Just because a staff member is performing well doesn’t mean they’re enjoying their job. And ignoring their need for growth and advancement could result in them looking for greener pastures.

Having a Purpose

Today’s workforce looks forward to realizing their full potential at work, and these team members want their employers to help them achieve that. According to a Forbes article, the majority of workers rate doing more meaningful work and feeling connected to a purpose as the top ranked factors contributing to workplace happiness. And they are even willing to take a pay cut if their work is making them unhappy.

Meaningful work can be defined as work that makes employees feel like they are contributing toward a larger goal, such as their own career goals or even the goals of their organizations. Whereas menial or mundane work can translate into chores that are dull, less important or require no brain power.

Autonomy

No one wants their every action micromanaged and each move questioned. Employees feel unappreciated when they are not only burdened by regular day-to-day expectations, but also when they have to justify their every move and decision, which adds to their everyday stresses. Therefore, staff members look for autonomy at work because continuous second-guessing by their bosses can erode their attitude and confidence toward work and productivity.

Corporate Social Responsibility

Employees, now more than ever, want to work for an organization that is socially responsible. In fact, according to a survey by the nonprofit Net Impact, 53 percent of staff members said that a job where they can make an impact was important to their happiness, and 72 percent of those about to enter the workforce agreed. Most respondents said they would even take a pay cut to achieve that goal.

A socially responsible employer benefits not only from extremely positive branding and corporate reputation, but the good will it builds with its strong corporate governance and activities can also attract, retain and develop human capital, keeping operations and employee morale high.

Culture of Integrity

Due to the amount of time they spend at work, many staff members place a corporate culture of integrity and positivity high on the list of things they expect from their employers. In most cases, the top brass of a company are responsible for shaping and upholding the company’s culture, and what they don’t realize is that their values, beliefs and vision have a trickle-down effect on their employees. Therefore, whether it’s promoting underperforming or insincere people or making other decisions that question the integrity of the cultural fabric of an organization, staff members who hold integrity in high regard cannot withstand such dishonorable behavior for long, and ultimately jump ship.

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Accounting & Finance

The Importance of Financial Literacy for Business Owners 

Running a business isn’t just about having a great product or service – it also requires a firm grasp of...

Accounting & Finance

Tax Implications of Remote Work: What SMBs Need to Know 

The rise of remote work has opened exciting possibilities for small and medium businesses – access to a wider talent...

Leadership & Growth

Succession Planning: Preparing for Leadership Transitions 

Change is inevitable in business, and one of the most significant changes a company can face is a leadership transition....

Accounting & Finance

Sales Tax Compliance in the Digital Age: Challenges and Solutions 

The rise of e-commerce and digital business models has revolutionized how companies reach customers, but it has also added new...

Leadership & Growth

Implementing Lean Management Principles in SMBs

“Lean management” might conjure images of big manufacturing plants fine-tuning assembly lines, but the principles of lean are highly relevant...

People Management & HR

Developing a Competitive Compensation Strategy for SMBs

For small and medium-sized businesses, a competitive compensation strategy is key to attracting and retaining the talent needed to grow...

Accounting & Finance

The Role of Financial Reporting in Small Business Growth

Financial reporting often appears to be a routine exercise, but for small businesses, it can be the difference between reactive...

Accounting & Finance

The Impact of Accurate Financial Operations on Business Success

Financial operations encompass the systems and processes that govern every monetary aspect of a business—from managing payables and receivables to...

People Management & HR

The Benefits of Outsourcing Payroll for Small Businesses 

For many small business owners, running payroll is a time-intensive chore that requires meticulous calculation, familiarity with tax codes, and...