All businesses are constantly seeking ways to improve their levels of productivity. After all, with higher levels of productivity come higher profit margins. Fortunately, one of the best ways to improve productivity is by making sure your employees are happy. In fact, with unhappy employees, you can take it to the bank that the entire success of your operation will be greatly hindered.
What unhappy employees can cost companies
Did you know that about 33 percent of business bankruptcies take place due to employee theft? If an employee were to get upset and steal from you, your business could face an unpleasant outcome. This is yet another reason that you should strive to keep your employees satisfied. This doesn’t mean you should give into every request, but it does mean you should respect your employees and try your best to understand their needs.
Happy employees = strong business growth
If you’re looking for another reason to keep your employees happy, you should realize that companies with happy workers are among the top fastest growing businesses. When it comes to success, your employees can make or break you. Consider what you can offer your employees that will help them enjoy higher levels of job satisfaction.
For example, many workers will be ecstatic if their employers provide them with child care services. Not only does this allow employees to rest assured that their children are being taken care of, but it also relieves them of stress, which can result in higher rates of productivity. Another service business owners can consider offering is complimentary transportation to and from work. When employees don’t have to stress about making it to and from work each day, there’s a good chance they will have higher levels of job satisfaction.
Flexible working hours – for the win!
Lastly, one of the best ways to keep employees satisfied is by offering them the ability to work compressed work weeks. With this type of work week, your workers can enjoy flexibility, such as working four 10-hour days instead of the traditional five eight-hour days. If you think that offering this type of schedule won’t produce happy workers, you should take note that 78 percent of the fastest growing companies offer compressed work weeks.
By keeping your employees happy, your company is sure to enjoy growth, both financially and internally. Just remember that a happy workplace brings about happy employees, and happy employees are the backbone to success.