As the economy continues to recover from the slowdown of the past few years, many employees have worked for years without pay raises. Attracting and retaining good employees will become increasingly hard for small businesses, who now face competition from larger employers who can offer perks. There is one way small business owners can gain an edge, though, and it won’t cost as much as an annual salary hike or Christmas bonus.
Employees want to feel as though their bosses respect them. Yet despite data showing that employees who feel respected report 89 percent greater job satisfaction than those who don’t, half of all employees surveyed reported they don’t feel respected by their bosses. The simple act of regularly showing respect for underpaid, overworked employees can go a long way toward cultivating a happy, healthy workplace. But how does a time-strapped business owner find time to regularly show respect? These technology tools can help.
Regular Performance Evaluations
When handled correctly, performance evaluations have the ability to motivate and inspire employees. One research study found that performance evaluations can be especially beneficial if a worker knows what the evaluation will cover. During this process, employees should be given feedback on how they’re performing, as well as information on what they can do to improve.
Several software solutions can automate the process of creating and providing performance appraisals. These include not only rating employees and offering written feedback, but also automating approvals to make the process as paperless as possible. Even if the system is automated, though, employers should set aside time to have a face-to-face meeting with the employee and discuss areas where improvements can be made, as well as praise the employees for his accomplishments.
Make Praising Employees Fun
In today’s technology-minded environment, gamification can be a big motivator. Instead of simply giving an employee a pat on the back, employers can use tools like Salesforce’s Work.com to motivate employees. Using badges and rewards, employees are acknowledged for completing various business tasks, with those awards displayed on their Salesforce profiles.
By creating leaderboards, businesses can ignite the spirit of competition among team members, with specific activities being linked to Salesforce activities to automatically update. If an activity is being measured in Salesforce, the system can be set up to automatically acknowledge accomplishments, including closing big deals, marketing success, and positive comments from customers.
If badges and virtual rewards aren’t enough, YouEarnedIt offers tangible rewards that really put employees in the competitive mood. Not only can employers thank employees in front of the entire staff, they can attach gift cards or products from the YouEarnedIt catalog. Companies can customize rewards to fit their unique culture, including offering nonprofit and charity gifts, mentoring opportunities as gifts, and customized experiences that mean more to some employees than monetary prizes would.
By finding ways to acknowledge and reward employees, bosses can keep morale and productivity high. As the job market continues to improve, it’s becoming more important than ever that a small business find ways to attract and retain good employees and these tools can help.