Every business director knows that a good relationship with clients is important, but what’s also important is maintaining a good relationship with your employees. It seems obvious but valuing your employees can be a make or break for your business when it comes down to it.
Are you valuing your employees as well as you could be? Here are a few reasons why it’s vital to your business to value your employees…
What sets you aside from every other business with the same software, model and systems as you? The performance from you and your workforce are what sets you aside from competitors and that’s what makes them your most valuable asset. How can you expect good customer service from a member of staff who doesn’t enjoy the environment they’re working in? Ensure a good performance from your employees by reminding them they are valued to the business.
Recruitment is a costly and extensive factor to any business, which makes staff harder to replace than new software or systems. Employee turnover costs companies millions per year and the reason why employees leave is due to being unhappy in their roles, which could be the difference between feeling valued or unappreciated. The money invested in rewarding and valuing your workforce will significantly outweigh the cost of hiring new staff.
The best advocates for your business will always be happy employees. Employees talk to customers and clients frequently and it is they who form the impressions of your company, so it makes sense to keep these people happy. When people are happy in their jobs, it will reflect throughout their work – which will improve your reputation as a good employer.
When you trust and value your employees, they become more dedicated to serving your company to their best ability – which is what you hired them for in the first place. Staff who feel underappreciated or unhappy in their role will often lack in productivity, which can have an overall knock-on effect on your business. The best energy to your business will always come from happy employees who are collaborating and innovating rather than staff looking for a way out of the business.
The benefits that come from valuing your employees are endless, it may seem like common sense, but in 2017 a survey from Investors in People showed that the second biggest reason people looked to move jobs was due to management, with 59% of UK workers wanting to move jobs due to this.
It’s important to value your employees as much as your clients because it will simply make management smoother, create a better atmosphere and will help maintain a motivated and productive workforce.
How do you value your employees? Leave us a comment on our social media and share your tips with others!