Why become an Employer of Choice? What is in it for My Company?
An Employer of Choice offers a work culture and workplace environment that attracts and retains superior employees. The features of the environment at an Employer of Choice favor the well-being of employees and customers. Some, but clearly not all, of the features can include…
- Job Security: An employee with a high level of job security will often perform and concentrate better than an employee who is in constant fear of losing a job. Although this fear can increase motivation in certain situations, a lack of job security can be a source of distraction and result in excess stress and low morale that hinders an employee’s overall performance.
- Respect: When you establish an atmosphere in which your employees can talk openly, you foster their creativity and their willingness to contribute. You’ll also demonstrate respect by equipping your employees to do their jobs, letting them know exactly what you expect from them and giving them frequent feedback.
- Growth & Development: An employee’s perception of internal growth and development opportunities is one of the more important predictors of employee engagement.
- Empowerment: Employees need the power and authority to make the critical decisions necessary to produce quality products and serve customers effectively. Empowering employees is a lot easier than most managers tend to believe.
- Involvement: Companies with highly engaged employees almost always demonstrate revenue growth. Involvement means more informed leaders, more engaged employees, and ultimately better decisions for a stronger business.
- Positive Relationships With Coworkers: Workplace relationships can be a good thing for businesses in a number of ways, and small business owners who realize the importance of forming workplace relationships are better equipped to develop high-performance teams.
- Work-Life Balance: Work and Life are not separate; they are integrated moments that happen throughout the day. The concept of work-life balance is not just associated with women or busy executives; it’s a process applicable to everyone to increase the level of employee workplace productivity and motivation.
- Performance Culture: An employer of choice finds ways to tie the performance and the interests of employees with those of the employer. Two ways that employers accomplish this are through a variable compensation system that ties rewards to performance and a job plan process that provides regular guidance and feedback.
- Fairness: Perceptions of unfair treatment or a workplace that favors certain individuals over others for unknown, undefined reasons, is an anathema to an employer of choice. Employers need to fairly develop and apply policies, treat employees with the same regard and consideration, and make the workplace guidelines clear and enforceable across the board.
- Recognition: Praise and recognition are essential to an outstanding workplace. People want to be respected and valued for their contribution. Everyone feels the need to be recognized as an individual or member of a group and to feel a sense of achievement for work well done or even for a valiant effort.