The competition among employers to hire the best employees is getting more intense every year. Salary is no longer the sole factor which employees use to pick a company to work for. Here are now, many things to consider, from employee benefits to workplace culture and career growth opportunities. In this article, we will be looking at what the best companies do for their employees.
One of the leading causes of high employee satisfaction is working for a company with good benefits. Alongside earning a decent salary, employee benefits are a great way to keep employees happy in their current job. All things from cycle to work schemes, private healthcare, company cars, go a long way to motivating the employee to stay at the company for a long term.
Employee benefits have long been behind the high employee satisfaction levels at a number of companies. For instance, 3M, a multinational American manufacturing company, motivates its employees with on-site gyms, stress management coaching, as well as pharmacies and medical centres.
One of the highest ranked benefits among employees is vacation/time off. A company being understanding about someone having to take time off can mean a lot to an employee on a personal level. Companies have therefore been exploiting this to make sure their employee satisfaction levels remain high. For instance, DuPoint offers a family leave programme, consisting of time off for maternity and paternity leave, adoptions and care for ill family members.
Workplace culture is an incredibly important feature for company looking for satisfied and motivated employees. However, you should not confuse it with employee benefits, such as having a half day every Friday. Workplace culture is to do with the people companies employ, as well as the support and incentive employees get to strive for excellence in their work. Culture gets created from the top down. It should therefore be championed by a company’s leaders. This ensures your employees enjoy coming into work and fit into the workplace culture can go a long way to keeping them happy.
Southern Co. has some of the highest job satisfaction rating of any company. They place emphasis on creating a culture of trust and excellence; regularly supporting employees in their work while at the same time challenging them to achieve performance targets. Southern co. has been reported to be one of the lowest stress work environments out there.
As well as reward and benefit, a lot of what makes a good company culture is the work it does. This isn’t just working in altruistic ethical industries such as medical professions or renewable energy. Having high corporate social responsibility at the company really enhances employee satisfaction. Chevron often encourages employees to participate in the volunteer programme. In 2014 the company’s employees logged in 350,000 hours of volunteering, raising $20 million for non-profit organisations and charities.
Training and Development
Training and development and career growth opportunities are not the same thing. As much as a company needs to offer employees opportunities to move up positions, possible into management or otherwise, it is more important that the company invests and develops people’s skills. Formal training schemes, such as graduate schemes, help employees gain the skills and training they need to achieve their career goals.
Managers also play a crucial part here. A good manager will match a person’s skills and passion to the right roles. These roles should therefore help them gain the skills they need to really grow and advance in the business. A major impact on employee satisfaction is whether or not employees feel they see opportunities to grow in the business. Procter and Gamble offers training in stress, as well as soft skill coaching in time management and career centric courses such as business writing, energy managements and effective leadership.