6 Simple Strategies for Making Your Staff Feel Valued Without Breaking the Bank

6 simple strategies.jpgAs a business owner, you might assume that you’ll have to pay top money to get the best people working for you. The truth is, money isn’t everything when it comes to hiring new staff. And, believe it or not, a salary isn’t the only reason people consider taking jobs with new employers!

Some companies use a variety of strategies to attract new talent and keep them on board. If that’s not something your firm has cracked yet, what can you do?

Well, it’s worth looking into these six simple strategies. What they will do is keep your staff feeling valued and appreciated. They’ll also be more likely to produce high-quality work for you at all times! So, without further ado, here are the things you should do in your business:

  1. Make sure you are paying them a fair wage

First of all, you should start by taking a look at what you pay your staff. The thing about salaries is they are not set in stone. What you pay your employees will depend on various factors. The location of your business plus their skills and previous experience are three examples.

Did you know that pay and salary surveys are useful sources of information on the subject? You could also check what local competitors pay their staff. Usually, the way to find out that information is through job board websites.

  1. Make your employees a part of the family

These days, there is a plethora of ways to make workers feel valued. One thing you could do is make them a part of your corporate family! How? The answer is simple: offer them share options in your business.

It’s an interesting yet effective way of boosting productivity as well. That’s because share dividends will be higher if the company does better than expected. And so, that will encourage your staff to work harder and produce better results.

  1. Recognize each worker’s efforts

All too often, business leaders seldom thank their employees for a job well done. Sure, they expect them to produce consistently good work at all time. But, it seems the culture in business these days is just to chastise people.

Instead of focusing just on the negatives, you should give credit where it’s due. You don’t need to hold award ceremonies for your staff. A simple “thank you” letter is often enough to keep morale high. If you are feeling generous, you could even take your team out for a meal one evening to say thanks!

  1. Help your employees work on their personal development goals

Yes, your staff will no doubt have the skills necessary to carry out their work each day. But, you can guarantee they might struggle with certain personal skills. One interesting way to keep your staff feeling valued is to work with them on their development goals.
For example, could they benefit from advanced customer service training? Perhaps they would like to learn more about IT and computers? It’s worth identifying what those personal development needs are and addressing them.

  1. Allow your staff to have a sense of ownership

Let’s face it; we all don’t like getting told what to do! Yes, I know, employees get paid to carry out specific tasks. But, you don’t need to bark orders at them. Instead, why not give your staff a sense of ownership? By that, I mean allow them to approach how they complete their daily tasks.

Each person has their own thought processes and way of doing things. You might not think it, but there is more than one “right” way of completing a task. Their idea of the correct method might differ to yours. But, if they carry out the work and achieve the desired result their way, life will be easier for everyone.

  1. Include your team in project planning exercises

It’s no secret that business leaders have a variety of strategies to manage their teams. For some bosses, one strategy might be to delegate without discussion. The thing is; such an approach doesn’t make your workers feel valued.

Consider letting your staff have a say when planning a new project they will get involved with. You could invite them to contribute ideas that could cut time and costs. You may even wish to ask them for their opinions.

When tasks get completed as a team, morale will be high. Plus, everyone will enjoy a sense of achievement and satisfaction. It’s much better than a hierarchical strategy where “orders” get filtered down the chain.

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