4 Important Areas To Invest In Your Employees
Invest in your employees – In an age where competition is rife and combative, entrepreneurs can no longer afford to be self-deprecating. They know that in order to stand head and shoulders above their legions of competitors they must trust and believe in themselves. And also, in their specific vision for their enterprise. That said, they also know that no matter how great their ideas or how imaginative their initiatives, they can’t do what they do in a vacuum. Theirs might be the guiding vision behind the whole business. But, it’s rendered in reality by the actions of their employees. In an age of digital transparency, the days in which entrepreneurs can get away with failing to properly develop and appreciate their employees are drawing to a close.
The savvy and ethically aware entrepreneur is constantly looking for new ways to encourage, motivate and reward their workforce. You simply can’t invest in your future if you don’t invest in your employees’ growth. If you want to give yours that little extra push, help them to feel more valued. And, empowered or simply show them how much you care. Any of the following can help to usher in a new era of productivity…
Training and development
If you’re thinking “but I’ve already done my employee training”, perhaps you have the wrong attitude about training. It’s not supposed to be a one and done exercise that’s covered as part of their induction. Rather, it is an ongoing process which is tailored to not only the necessary core competencies of every individual’s role. But, it also helps to further their ongoing professional development. Whether that’s ongoing in-house training to ensure that they’re getting the most out of their software or sponsoring them for an online engineering MBA, it’s up to you to ensure that your employees get ongoing training and development that’s right for them. Invest in their future and they’ll be more likely to reward you with their loyalty.
Many employers are a little nervous about expanding their employees’ networks. They worry that their top-drawer talent will get poached. But helping your employees to expand their network of contacts can be both empowering and conducive to improved productivity. An enhanced network of contacts both inside and outside of your operation can help them to refine their skills. It can also develop new aptitudes and achieve a broadened outlook.
Like most employers, it’s likely that you offer your employees such rudimentary benefits as health insurance, sick pay, paid vacations and a 401(k). But this is just the tip of the iceberg when it comes to employee benefits. You need to think up some benefits which are unique to your company. Like, cool on-site amenities, a caring and collaborative employee culture and other measures. This will help to give your employees a sense of pride in your company.
Investment of your personal time
Finally, we come to the hardest gift to grant… An investment of your own personal time. Though the daily trials of entrepreneurship may drag you in a dozen directions at the same time, it’s vital that you make time to be available for some face time with your employees. You should have an open door policy and be amenable to addressing their ideas, questions, and concerns individually.
Nothing says that you care like the personal touch!