Encouraging Employee Initiative in the Workplace
Encouraging employee initiative goes beyond mere leadership; it means creating an environment where proactive behaviors are acknowledged and rewarded, benefiting both the individual and the organization. Empowering employees to take action and contribute actively not only enhances productivity but also nurtures a culture of innovation and growth. Here's a comprehensive approach to cultivate a culture of employee initiative and empowerment within your organization.
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.
Employee Growth Builds Employee Loyalty
Employees are expecting more and more from their jobs, while at the same time employers are trying to retain employees as the notion of the "company man or woman" becomes a thing of the past. Higher salaries, free snacks, and flexible hours are great, but giving employees an opportunity to really grow and learn at work is the most compelling case for employee loyalty. Employees can leave when their positions start to feel stagnate. They get bored, they check out, and then they start to look for other opportunities to grow. A recent Canadian study reveals that 65% of Canadian employees would leave their "perfect job" for more money, to improve their career opportunities, or for a job that is a better fit for their background. This is compelling and consistent with the employee climate in the U.S. as well. Employees are looking to build their profiles, and if they find an employer who is willing to help them build that while working and contributing to the organization, their loyalty will endure. Employees won't have an opportunity to stagnate and will build themselves opportunities for advancement, while advancing the goals of their organization. For more information on how to build employee loyalty through employee growth check out this
article from the Financial Post.
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.
