360° Coverage : Happy Employees = Hefty Profits

10 Updates
Happy Employees = Hefty Profits

Happy Employees = Hefty Profits

Jan 19 2014, 4:34pm CST | by

I can walk into a company and tell within seconds whether or not its employees are well treated and happy on a basic level. The level of employee engagement, warmth and sense of a shared purpose is...

Filed under: news

 
 
 

27 weeks ago

Happy Employees = Hefty Profits

Jan 19 2014, 4:34pm CST | by

I can walk into a company and tell within seconds whether or not its employees are well treated and happy on a basic level. The level of employee engagement, warmth and sense of a shared purpose is palpable. It’s something I simply feel after being in the business of talent management for several years. And while my conclusion may be subjective, there’s plenty of hard evidence that shows that happy employees lead directly to better performance and higher profits. Last year revenues increased by an average of 22.2 percent for the 2014 Fortune 100 Best Companies to Work For. And according to the Bureau of Labor Statistics, these same companies added new employees at rate that was five times higher than the national average.

In other words, it pays to invest in your people. It also happens to be the right thing to do.

And what makes for happy employees? Here’s a list of 5 tools to create a culture and workplace that is growing, dynamic, fun, wildly productive and highly profitable.

1) Pay fairly. At the end of the day, it’s about the pay. Yes, many employees love their work, love their jobs, love their colleagues, but the bottom line is they are there to earn a living. Smart leaders pay people well. This is non-negotiable.

2) Deliver awesome benefits. Whether it’s a good health plan, childcare, transportation, a fitness center or free lunch on Fridays, benefits make people’s lives easier and better. They feel appreciated and cared for, which leads to increased loyalty and a willing to go the extra mile.

3) Keep an open leadership door — and an open mind. Numerous studies have down that when management is approachable and responsive, employee engagement soars. People spend a big chunk of their lives at work, and when they feel voiceless their frustration grows. Actively solicit feedback via social media and old-fashioned management by walking around.

4) Share the profits. When employees share in the good times, their investment in the company grows and they will be far more likely to work hard — and to dig deep during the not-so-good times. When the international literary sensation Fifty Shades of Gray lifted publisher Simon & Schuster to record profits, the company gave every employee a $5000 bonus. This is just plain smart leadership.

5) Make your workplace fun. No, I don’t mean cheesy balloon-a-thons and annoying rah-rah rallies. This is about encouraging people to bring their personalities, quirks and passions to work. This leads to an increasingly seamless work/life mesh, a sense that people can really be themselves at work. Games, laughter, fun are great stress relievers, they renew and refresh us, and build very real bonds between employees.

None of this is rocket science, in fact it’s Leadership 101. But like all simple truths, it bears repeating because it is so important. Talent simply won’t hang around in a cold, mechanical, stifling, repressive culture. Developing happy employees is what twenty-first century management is all about. And guess what? It makes leadership a lot more fun, too!

Source: Forbes Business

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into b ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected b ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammudd ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states last m ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister D ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an alloc ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Dama ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Watch your waistline for diabetes risk
London, Aug 1 (IANS) A British health report has warned that adults with a large waistline are five times more likely to develop type 2 diabetes.
 
 
Now SEPA to facilitate euro payments
Brussels, Aug 1 (IANS) The European Commission said Thursday that the Single Euro Payments Area (SEPA) would become fully operational in all euro zone countries from Aug 1, 2014 onwards.
 
 
Ebola outbreak: $100 mn response plan in West Africa
Geneva, Aug 1 (IANS) The director-general of the World Health Organisation (WHO) and presidents of West African countries hit by the Ebola virus outbreak will Friday meet in Guinea to launch a new $100 million response plan.
 
 
OPEC daily basket price closes lower
Vienna, July 31 (IANS) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $105.21 a barrel Wednesday, against $105.44 Tuesday, according to the OPEC Secretariat.
 
 
 

Latest from the Network

Watch your waistline for diabetes risk
London, Aug 1 (IANS) A British health report has warned that adults with a large waistline are five times more likely to develop type 2 diabetes. In its report, the Public Health England (PHE), an executive agency of...
Read more on Business Balla
 
Mexico, California to build new border crossing
Mexico City, Aug 1 (IANS) Mexico and the US state of California agreed Thursday to build a new vehicle border crossing to help boost trade, Mexican authorities said. Vice Minister Raul Murrieta Cummings and the...
Read more on Politics Balla
 
Offensive on Gaza big gamble for Israelis: Hamas
Gaza, Aug 1 (IANS) The Islamic Hamas movement said Thursday that the continuation of the Israeli offensive on the Gaza Strip is a big gamble for the Israelis. Israeli Prime Minister Benjamin Netanyahu's decision to...
Read more on Politics Balla
 
Assad vows persistent fight against 'terrorism' in Syria
Damascus, Aug 1 (IANS) Syrian President Bashar al-Assad said Thursday that his administration's war against terrorism is a "battle of existence", state media reported. Assad made the remarks in a speech marking the...
Read more on Politics Balla
 
Hamas accepts UN-proposed ceasefire in Gaza
Gaza, Aug 1 (IANS) Islamic Hamas movement and other Palestinian factions accepted early Friday a UN-proposed ceasefire for 72 hours with Israel, a senior Hamas official said. Izzat al-Resheq, member in Qatar based-...
Read more on Politics Balla
 
I was fortunate with all leading ladies, except one: Douglas
Los Angeles, Aug 1 (IANS) Actor Michael Douglas says he always enjoyed a great rapport with all his female co-stars, except one. Although he didn't reveal the name of that one actress, the the 69-year showered praise...
Read more on Celebrity Balla
 
Israel confirms 72-hour ceasefire in Gaza
Jerusalem, Aug 1 (IANS) Israel confirmed Friday it has accepted a proposal for a 72-hour ceasefire with Hamas, which starts at 0500 GMT. "Israel has accepted the U.S./UN proposal for a 72-hour humanitarian ceasefire...
Read more on Politics Balla
 
Kelsey Grammer wants more kids
Los Angeles, Aug 1 (IANS) Actor Kelsey Grammer, who recently became father for the sixth time and is also a grandfather, is keen to expand his family even at the age of 69. His young wife Kayte gave birth to the...
Read more on Celebrity Balla
 
Eddie Cibrian has no 'ulterior motives'
Eddie Cibrian believes his new reality TV show will prove he is devoted to LeAnn Rimes. The 41-year-old actor, who tied the knot with the country singer in 2011 after their affair led to the breakdown of their first...
Read more on Celebrity Balla
 
Chad Kroeger buys 17-carat ring for Avril Lavigne
Chad Kroeger bought Avril Lavigne a lavish 17-carat diamond ring for their first wedding anniversary. The 'Here's to Never Growing Up' hitmaker, who married the Nickelback frontman, 39, at Château de La Napoule in the...
Read more on Celebrity Balla