Not everyone may realise the financial cost to their business when job satisfaction is low. A truly effective leader or business knows how to check, maintain and be constantly driving improvements to staff morale.
Not totally sure how morale affects your profitability? Here are just 5 ways, check them out:
When staff morale is high, people tend to put in extra effort and focus to the job at hand. When someone is happy in their job they become passionate about it, they feel motivated to get work done and to a high standard. In many cases increasing morale has even lead to employees staying late at work or coming in early without expecting rewards. Work towards a culture of staff engagement and this will take you to new levels of productivity.
Performance and creativity
Employees perform to a higher standard of effectiveness when morale is high. Try asking a selection of your workforce to help you solve a current issue, if the morale of your staff is high, you’ll be surprised at the results, employees will engage and feel passionate about solving the issue. On the other hand when morale is low, they lose interest and become bored thus taking longer to come up with a solution to your issue.
Days off are a big cost to organisations currently. If morale is low employees may be looking for an excuse to skip a day of work. When this happens, co-workers must work harder to cover which in turn has an impact on their morale. When staff are engaged, they feel less inclined to have a day off because they don’t want to let the team down. When days off are planned the cost to the business isn’t as high but when they are unexpected this is where the cost is, increase morale and eliminate unexpected days off.
When staff morale is, high there is a much greater likelihood that safety rules will be adhered to. Furthermore, an engaged workforce is more likely to be fully focused on the task at hand and the safety of others, resulting in reduced accident rates.
For similar reasons to the above, the quality of work will also increase. This is because staff are more engaged in their job roles and take pride in giving and achieving their best.
The first step to improving staff morale is to create a great culture where your team recognises that their individual well-being, and morale is off all importance to fulfilling the company vision.
Engage with your staff. Show appreciation for the work they do, give appropriate feedback, and request feedback. Find out what their issues and concerns are. Are they comfortable at work? Do they feel safe at work? Do they feel invested in?
It has been proven many times that increasing the comfort and well-being of your staff through better safety footwear and hand protection will in turn raise the bar of morale. iSB Group can work with you to achieve this as we have with many companies.
Don’t forget; raising the bar of morale isn’t just something you do once. You’ll need to continually meet with all your staff and listen to feedback about their experience in your workplace. Always remember that their safety and well-being has a direct impact on your profitability.