Anyone who has ever owned a small business or has worked in the hiring process of a company knows all too well the high cost of Employee turnover. It can be incredibly costly, and your turnover rate can offer insight into the well-being of your employees. There’s no way to ever really eliminate turnover in your company, but recently in Forbes Darius Fisher has offered up some highly effective insights into how you can raise employee moral, therefore reducing turnover.
Darius shares some examples of how he gives employees incentives to reach quarterly goals. With things like vacations, apple watches, and even monthly housekeeping. He also regularly recognizes employees who make important accomplishments. He suggests sending out company wide emails recognizing the person and their accomplishment. He claims that this makes a huge impact on employee morale. He also states that keeping employees well informed can contribute to employee happiness. Letting them know when the company acquires a new hire, reaches milestones or just general news. He also stresses that giving raises that are sufficient when due is very important. Often times if an employee hears of an opportunity to make more money than they are currently receiving, they’ll take it. So if you pay your employees what they are worth, and give raises when fitting you eliminate the need to find better-paying work.
He also offers some helpful suggestions for small businesses on a budget. Reward goal reaching with an extra vacation day, Offer free lunches once weekly, Plan fun activities outside of the office, redecorate the workspace and remember birthday’s. Another really fun way to boost employee morale is by making it a pet-friendly environment. Of course, you wouldn’t want to encourage misbehaved pooches to enter the workspace, but allowing well-behaved dogs to spend time in the workplace can really help with employee morale.
Darius Fisher is an entrepreneur, and president/co-founder of status labs. Status labs is a very successful company, that helps people and company’s build an online reputation. His company is headquartered in Austin with other offices in New York and Sao Paulo.
Darius Fisher graduated from Vanderbilt University with a BS in Economics. He has been highly successful investing, and has also been a copywriter for agora publishing. Darius Fisher’s company has helped more than 50,000 clients in 35 countries, with their reputation and to build up their businesses.
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