Low Cost Employee Loyalty Can Still Be Effective
With employers always looking for new ways to engage employees at work, in hopes of boosting employee loyalty metrics, we looked to our neighbors from the north for some advice. Here are three quick and easy ways you can maximize loyalty at your organization, without attaching any budget to the effort.
Boost Employee Health with Friendly Competition
Employee health and wellness have taken center stage in workplace initiatives, especially as companies strive to improve well-being while reducing healthcare costs. In addition to reduced costs, employee wellness programs may also be connected with business success and profitability. While these programs often focus on health education and screenings, introducing a bit of friendly competition can make a significant impact, both in engagement and results.
How to Improve Employee Engagement
Engaged employees become brand advocates and evangelize your organization. Engaged employees do better work to serve your customers and ensure your team and organization hit revenue targets. Here are three ways to boost your employee engagement:
Happy Employees Can Be A Profit Center
Most companies' biggest "cost" is personnel. Manpower is expensive to the organization and the workers always feel they could be making more money. Employees that are less satisfied with their jobs are less helpful to the end consumer, who then spends less with the organization. Keeping your workforce happy is correlated to your profit margins. Offering employees incentives is a great way to set guidelines for employees to work for certain incentive rewards. Based on what behavior is fulfilled incentives can range from a small denomination gift card to a popular retailer such as
The Cheesecake Factory, to a paid vacation, or extra time off. Keeping your employees happy will keep your company healthy.
For more information on why keeping your employees happy can help cover your profit margins check out this article from the New York Times.
Whole Foods, Sticking to Its Roots
It is great in today's business environment to see a large national brand sticking to its roots, what made it successful. Whole Foods is doing just that with its Local Producer Loan Program.
