Human resources departments and managers have a laundry list of duties to keep employees happy, and maintaining confidence is essential for any small business. According to the most recent Randstad U.S. Employee Confidence Index, self-assurance among American workers dipped 2.7 points to 54 in the month of February.
The report also showed that the amount of workers searching for new jobs within the next 12 months continued to increase. Employers that are seeing a decline in worker confidence have to give serious attention to employee motivation practices. Each year, small businesses waste thousands of dollars on payroll for workers that simply don't want to be at work or are severely underperforming.
Employees should want to be at work and give their best effort. Businesses can increase employee motivation by making their voices heard, reported Forbes. Workers will want to perform better and improve productivity when they know they have a say in the company. Making employees feel more a part of the team will increase confidence or moral levels around the workplace.
Small businesses have to sometimes get creative with the way they motivate and encourage their employees. Most companies that are just getting their feet wet or those that run small operations know that every dollar counts toward making the company grow. Companies that waste money on employees who feel apathetic about their work could experience financial losses in the long run.
Small gestures could significantly help
Companies should consider small incentive-based compensation programs to get employees engaged with their work to earn a few extra bucks, reported Forbes. Employee motivation can increase when incentive compensation programs give workers the chance to be fairly compensated for the hard work put into boosting sales and productivity.
While some companies can't afford incentive programs, there are other ways to increase employee confidence. According to Forbes, managers and human resources should understand about family commitments, doctor's appointments and other scheduling issues that may cause them to take time away from work. Offering work from home days or flexible lunch breaks can help workers feel less tied down to the office. When workers feel free and flexible with their work they will be greatly appreciative of their company and some of the smallest gestures can go a long way with the company.
The Randstad report showed that the hike in cold weather could be behind the lack of employee confidence since energy and other winter financial costs are abundant in February. Workers should contact their human resources department to see what work from home options exist, and see how less winter traveling could boost confidence.
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