What is the real capital, what do you value the most within your business? Your stock? Your clients? Your systems? Your database? Or..... Your Team? If you want to build a business that works without you, you need to build a motivated and loyal team around you.
The TOP 5 things companies can do to help their employees stay committed and motivated are [in order of preference]:
1. being treated with respect;
2. achieving work-life balance;
3. providing a quality service to customers;
4. working with quality co-workers, and;
5. the type of work performed. Base pay was the 6th most important item.
Respect -noun esteem for or a sense of the worth or excellence of a person, a personal quality or ability, or something considered as a manifestation of a personal quality or ability Food for thought: How much respect are you showing your employees? Take the time to watch is a terrific short movie called Validation I found on YouTube. A must watch for all managers. If you are really time challenged, watch at least the first four minutes - there are some great leadership lessons here.
How to apply this? Remember to catch your employees doing things right. Put in place some recognition for your employees - awards, rewards and more. One of my clients awards the team member of the month a reserved car parking space and gift voucher.
Another has a team player award where the last winner decides who the next winner will be and they get the trophy for the month plus a gift card. Find some time to make your workplace a fun place to work. And lastly, remember to smile and the world will smile right back at you.
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