Employee Leadership in 3 Easy Steps
Employee leadership is critical to maintaining employee morale and motivating employees toward organizational goals. Here are three tips to ensure you lead your employees effectively.
4 Ways to Effective Employee Leadership
Effective employee leadership can be difficult for any management team, and leadership tactics can vary greatly based on the size of your organization and your company culture. However, some principles of effective employee leadership can be universal and really speak to the way you handle your organizational affairs from the perspective of your employees. Here are four tips to instill employee confidence through effective employee leadership.
The Cost of Employee Turnover
Employee turnover is constantly on the mind of human resources professionals in all types of organizations. However, once you see the infographic from TribeHR below you might put some urgency behind an employee retention initiative. On average, a new employee costs over $57,000 in lost productivity, on-boarding costs, benefits application, and that figure does not even include the cost of training. For the cost of $57,000 could pay a junior level employee for an entire year, which has much greater potential to have a lasting impact on your business than simply bringing on a new employee. Want to lower the cost of employee turnover? Keep your current employees on board! Make sure employees feel appreciated through recognition of exceptional actions. Provide opportunity for learning and growth through professional development. When employees feel appreciated and feel like their employers are investing in them, employee turnover will decrease and retention rates will rise.
Invest in Employee Training
The title pretty much covers it for this one, so if you have to stop here (which we at GiftCard Partners DON'T recommend) you've gotten (part of) the point. For most organizations, employees are the biggest and greatest asset. Invest in them! Employees matter, and employee training produces ROI like any other investment. Here are three ways to invest in your employees.
Employee Development Can Mean the Most: Turning Managers into Mentors
Employee development isn’t a luxury, it’s a necessity. Top performers now have more options than ever, so prioritizing employee growth can be the difference between a thriving workplace and constant turnover. Yet many organizations still treat development as an afterthought, focusing solely on onboarding or annual reviews instead of creating meaningful, ongoing opportunities to grow.
