It’s no secret that employee happiness is one of the most powerful investments that your company can make.
Numerous studies show us that happy employees mean higher stock prices, healthier companies and business performance . At times, you may feel the need to shower your rockstar team with unique perks — free food, beautiful office space, company trips, gym memberships, competitive bonus plans, and more. But, the evidence shows that effective communication – not pricey perks – is the best way to keep your top talent engaged.
So, the question is, what are you doing to keep your most important business asset ‘happy’?
Perks Aren’t Enough
It’s true: perks are great. They are fun, exciting and novel. But we need to remember that perks alone are not enough to create an engaged workforce. And, most importantly, they are not a substitute for one-on-one interaction or healthy communication. Even the most novel perks can’t give your top performers what they value most: the ability to leave their mark on the business, and drive goals forward.
This global workplace study reveals that the traditional view of the gold standard of an engaged employee — one that is unconditionally willing to give 100% on the job — has been replaced the goal of fostering experimentation and growth in our teams. “The key factor is a work environment that more fully energizes employees by promoting their physical, emotional, and social well-being,” wrote Tony Schwartz for the Harvard Business Review Blog.
“I’d like to add that mental and spiritual well being — or more specifically, the added energy derived from the capacity for absorbed focus and a strong sense of purpose.”
Listen to Your Staff…Or Someone Else Will
Unbeknownst to many, it is the feedback loop that has been most recently credited to incentivizing and inspiring employees to always give their best by opening up clogged arteries of communication. Regular communication creates the energizing, healthy work environment that has been found to be the cornerstone of employee engagement. Feedback loops are more than just company perks — they’re essential for retaining and developing top talent.
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