Getting well-qualified, dedicated workers is one thing, but having them work for the company for the long term is another. In an era where there are endless opportunities for a talented person, being able to keep a good employee is a hard task. Gone are the days when employees were satisfied with a decent salary. With more focus on growth in terms of career opportunities, employees don’t have to think twice before switching their jobs when they get better job offers. Therefore, if a company wants loyal employees who are ready to stick around, more than paying a monthly salary is necessary.
There are many ways to increase job satisfaction among employees. These range from providing monetary benefits to providing career growth opportunities to the employees. In the following paragraphs, we discuss ways to improve job satisfaction among employees.
1. Pay fairly
Every person has an inclination towards jobs that pay more. If someone is aware that they are getting justified pay in accordance with the market pay, they would think twice before changing jobs. Therefore, paying a fair amount of wages to the employees is very crucial. If an employee sees jobs that are paying more for similar duties, they are less likely to stick with their current job. Factors like previous job experience, qualification, and market pay of the job should be kept in mind while determining the pay.
2. Fair policies and equal opportunities
In a world where equality and equal opportunities are echoing, employees still experience unfair treatment in their workplaces. It doesn’t matter which profession a person is in and what their salary is. Every person expects and deserves equal career and growth opportunities. Therefore, implying fair and equal policies is crucial to maintaining a loyal staff base. It also helps to increase job satisfaction among employees. Setting fixed criteria for promotion, which is based on productivity and experience, can help the employees to establish trust and loyalty for the company.
3. Work- Life balance
Helping employees with vacation leaves (at least once a year), a bearable workload, and lunch hours as free-work times is something that can improve work-life balance significantly. Prioritizing productivity over hours prompts employees to increase efficiency and therefore helps them to have more personal time for themselves. Considering the factor in helping individuals maintain a work-life balance is very important. This is especially crucial when awareness about mental health and balancing work-life is spreading at such a high rate.
4. Job security
Every person wants security, whether they are performing a part-time job or a high profiled full-time job. Therefore, acknowledging this and helping employees gain job security could directly help employees establish the feeling of job satisfaction. If an employee fears losing their job, they can never fully devote themself to an organization.
5. Providing incentives
Providing incentives to employees, even if they are social incentives, gives them respect. In the same way, considering your employees’ opinions when making a crucial decision shows that you value them. Even an economic incentive to give a few of the stocks to the permanent employees can help them gain job satisfaction. All kinds of incentives help an employee to be loyal to the company they are working for. A few companies now provide employees discounts so that they feel they are a crucial part of the organization and deserve special treatment.
The primary motive of an employer to render job satisfaction shouldn’t just be personal company concerns. Considering mental peace and the growth perspective of the employees is an obligation of the company the employee is working for. Only a healthy and sound mind can help a company by rendering effective and efficient work.
Read More: How to maintain a healthy work or life balance?