4 Ways to Keep Employees Happy Without Breaking the Bank

You’ve probably heard that happy employees are more productive and engaged at work. But, many companies still aren’t focused on internal employee satisfaction. Why is that? For starters, we’re all busy. And the thought of needing to budget for yet another expense is off-putting for many organizations. However, not working to make employees happy can end up being even more expensive, as turnover and training new hires adds up. Actually, it costs about 33% of a worker’s annual salary to hire a replacement.

You may not be able to create an entire team dedicated to making sure your employees are happy, but you can take small steps towards increasing overall engagement and satisfaction. What are some ways your organization can show employees that you appreciate them without breaking the bank? It may be easier than you think.

  • A little means a lot. When is the last time you took a look at your dress code? Surprisingly, casual dress is a perk that a lot of people would love to have in the workplace. Do you allow schedule flexibility or remote options? This is another small way that you can make employees feel valued at little or no cost to your organization.
  • Professional development is key. Do you hire with the mindset that an employee will stay in their position for a while and then leave? Or do you hire with the desire to keep and promote them? Creating promotable pathways and offering professional development opportunities are instrumental to keeping employees engaged and motivated.

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  • Don’t just listen, take action. Are you hearing from a number of employees that something needs to be improved? Whether it’s a process, policy or something as simple as changing the brand of soap in the bathroom, taking employee feedback and making an actionable plan to address it speaks volumes.
  • Team bonding goes a long way. Don’t have the budget to throw big parties and celebrations? Take a day and volunteer together to get out of the office and build team relationships. Make bonding outside of work a regular part of your culture.

Unhappy and disengaged employees actually cost your company money. With just a little extra thought and a few small changes, you can create a company culture that makes people excited to come to work every day.

MORE: Hiring in a jobseekers’ market

Amber Zeeb

Amber Zeeb
Amber Zeeb is VP of Employee Experience at Aya Healthcare.

Amber Zeeb

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