How To Become An Ideal Workplace?

In order to become an ideal workplace, one where employees feel they’re valued and have opportunities for growth, business owners need to create a community and a culture that rewards contributors. Since employees spend most of their time in the workplace, it makes sense that the environment should be one that nurtures them.  People crave feedback, connection, respect, appreciation, time for creativity and quiet time to be creative and time for socializing.  Extroverts may need a space that allows them to interact with lots of people and introverts may need more quiet time to function at their best. But both personality types add value to the corporate culture and the business’s success when management is responsive to their needs. Managers who build a community and develop programs and strategies to meet the personal needs of their employees will create an atmosphere that attracts, motivates and encourages top talent to stay.

Glassdoor’s recent survey on Best Places to Work for 2013 noted that  companies who recognize the importance of recognition and appreciation as integral components of a winning strategic reward system tend to attract top talent and retain them. These two elements rarely receive the attention they deserve from business owners, which is surprising because they’re the low-cost/high-return ingredients. Millenials who make up the majority of new hires today, are known to want feedback from hiring managers: Know whether they’re doing good, bad or average, so it’s important that you tell them.

Employees ranked their companies based on a number of factors:  The Culture and Values, Work/Life Balance, Senior Management, Compensation and benefits, Career Opportunities and Approval of their firm’s CEO.  Millenials said they appreciate regular feedback from their employers so they could know where they stand and how they could improve. Showing appreciation to your employees by acknowledging excellent performance and the kind of behavior you want to encourage is best done through simple expressions and statements.

For example, you might send a personal note or stop by the employee’s desk to convey your appreciation. Another approach is to combine recognition and appreciation in the form of a public statement of thanks in front of the employee’s co-workers or team, citing specific examples of what they’ve done that has positively impacted the organization.

Now that you know what it should include, take time to review your business’s strategic reward system. Does it address compensation, benefits, recognition and appreciation? Is it aligned with your remaining business strategies? Is it driving the right behaviors for your company, as well as your performance goals? If it needs adjustments or fixing, don’t wait. It can mean the difference between your business’ success and failure. The best companies are continuously seeking ways to monitor employees satisfaction level and crafting ways to keep them happy so they’re motivated to contribute to the business and are loyal to it’s mission. Showing you care about your employees will result in building more loyalty and increasing productivity at your firm.  There is no downside to showing the love.


originally posted (similar) in Dan Schawbel’s personal branding blog:

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