What Employees Value in a Company

Share the love

Money isn’t the only thing employees value. Meeting all staff needs creates a work environment that encourages hard work and employee satisfaction. And you would want that as an Oxford University study found that happy employees are 13% more productive.

Similarly, ensuring employees are comfortable attracts talent and improves employee retention. This article explores what employees value in a company.

1. Fair Pay

Yes, the primary goal of being at work is to make money. It’s an essential piece of the puzzle to encourage hard work and encourage employee motivation. Fair pay contributes to company success in the following ways:

  • It promotes employee retention as it signifies that an organization values their efforts.
  • Employees take competitive pay as an incentive to keep working through everyday workplace challenges.
  • It helps offset stress and anxiety in the workplace.
  • Fair pay attracts high-quality employees.

In the current environment, the workforce is looking for ways to work less and earn more. Therefore, your human resources department has to craft a solution to provide fair pay for the amount of work.

2. Positive Working Environment

A Forbes report shows that 57% of workers quit because of an overbearing boss. 79% of employees left because of not feeling appreciated. A team atmosphere where employees and management work together in harmony is essential.

A positive work environment refers to one that fosters corporation, trust, equity, safety, and accountability. New employees can pick up on the team spirit at the workplace leading to faster assimilation. Business owners can ensure employee happiness by eliminating problem behavior.

You can create a positive work environment through personalized news feeds on digital displays. The organization can use digital signage to display motivational quotes or workplace traditions that promote positivity.

Newcomers can get a feel of a company’s workplace culture by checking out their LinkedIn page or reviews on Glassdoor. The bottom line is that it would improve the employee experience if they worked with considerate co-workers.

3. Great Company Culture

Employees can relate to a company culture parallel to their core values. There needs to be a balance between the formal and informal aspects of the workplace. A great company culture ranks as high as fair pay among workers.

Workplace culture has different dynamics. For instance, it links with workplace ethics that ensures recognition of company values. It needs to be inclusive and equitable for employees to relate with.

A Harvard Business Review report identifies work culture as one of the critical features promoting worker retention. Besides employee retention, their research conducted during the pandemic shows a healthy workplace culture is essential to fostering innovation. The excellent company culture encourages employee engagement and morale, starting with management.

4. Career Development

Millennials, who make up a significant part of the working class, value the opportunity to grow in their career. Professional growth takes a trajectory beyond what a company hired them to do for this professional demographic.

Jobs need to feature growth opportunities for them to fuel job satisfaction. Employees seek out training opportunities since it ensures they stay relevant in the marketplace. A rewarding growth opportunity can be a company offered training or onsite workshops.

Employers need to avail resources and flexible schedules to support employees in pursuing such opportunities. It creates a sense of value in employees to see that a company cares by investing in their professional growth.

5. Great Work-Life Balance

Provide flexible hours at work to balance professional and personal life. It’s an element that employees value and consider before accepting job offers. Employees who have children particularly look forward to a flexible schedule that allows them to pay attention to other areas of their lives.

Flexible schedules can entail a four-day workweek or starting work later. A remote work plan also fits attempts to strike the perfect work-life balance.

6. Employment Benefits

Companies that provide a benefits package are more likely to retain employees. Offering employment perks, such as health insurance, does not weigh heavily on the payroll. Providing healthcare for team members is attractive and financially feasible for most companies.

Comparing the cost of providing employee benefits to the cost of employee turnover shows how essential they are. What’s more, the most talented employees often scrutinize employment benefits before accepting a job offer.

Millennial workers find this kind of benefit particularly attractive. A company can use worker surveys to familiarize itself with what initiative they need to offer. Providing desirable benefits keeps workers comfortable since it proves the employer cares about employee well-being.

Final Word – What Employees Value in a Company

Employers need to follow up on employee needs to keep morale alive. Compensation is an essential factor that employees consider, but it can’t make up for a hostile work environment.

Organizations also need to provide professional growth opportunities, work-life balance, and enticing employee benefits. Employment that lacks a positive work environment leads to employee resentment and mass resignations.

Share the love