When you’re the boss, you have an immense responsibility – and if it’s your business you’re running, there’s even more pressure. Not only are you responsible for the success of your business, but you also have to ensure that your team is excited and happy about working with you. You want your employees to know that you care.
Having a strong and loyal team is imperative to a successful running business. It’s hard to find good employees that want to see you win… so when you’ve built a solid team, make sure that they know that you appreciate them – and not just with words.
4 simple ways to show your employees you care.
paid time off
Depending on where your business is located and the status of the employee (full-time, salaried…etc.) you might not be obligated to give your employees any paid time off. However, giving them paid days off will definitely help to boost morale. Some members of your staff might not be able to afford to take unpaid vacation breaks. Knowing that they can take a few days off and not have to worry about missing out on pay can alleviate stress and make them appreciate working for you even more.
think about it this way:
Tonya has worked for you for 18 months. She’s always there when you need her. Is reliable, loyal, and truly wants to be a part of making your business a success. She’s a single mom and you know that she can’t afford to miss any hours of work… but she never mentions a vacation and even volunteers to work on the holidays.
While technically you don’t have to offer her paid time off, you should. Keep it simple. Create an accrual process. Something simple like a 3 or 4 day weekend every quarter. That way you avoid wrecking your payroll expense budget and you’re able to mitigate your key employees taking too much time off at one time.
Make sure you’re aware of how often employees are taking breaks. In certain states, you are required by law to offer a break every four hours of work. This is a great rule to follow even if it’s not a law where you live. It allows staff to take a short time away from their work and regenerate, grab something to eat, and take care of any personal communication.
Did you know that in some state it’s mandatory to offer a retirement/pension plan to your staff? Yep, just ask fellow business owners in Oregon or Illinois. But even if it’s not required, it’s definitely something that you should be interested in.
You want your team to be able to see themselves staying with your company for the long haul.
With the implementation of Healthcare.gov most small business owners and employees have access to healthcare. But what about retirement benefits?
Offering a retirement plan is a smart way to help level the compensation field between your small business and larger companies. It could enable you to attract top talent, retain valuable employees (that are considered about their future financial security), and enjoy potential tax advantages that are available to employees that offer this benefit.
If you’re not sure where to start. Don’t go it alone. Do your research and find a financial advisor to talk you through identifying plans that are a good fit for your business model.
Tip: Not quite ready to talk to a financial advisor, but want more information? Take a look at this Schwab Intelligent Portfolio review to better understand some of the retirement plan options that are available.
Many bosses make the mistake of distancing themselves from their staff. This is more common when a business has seen growth in employee numbers. Owners can find it difficult to keep up with everyone.
While it’s important to establish a hierarchy within the workplace, it’s also important that your staff knows that you care.
Schedule a few hours every quarter to work in each department, with different groups of employees or on different shifts. This won’t just boost team morale; it will also allow you to hear their grievances or feedback and see first hand where processes or systems need to be tweaked, improved, or eliminated.