With the tightening economy, organizations are forced to cut benefits provided to employees. The math is simple; things have become too expensive. Yet, most organizations are ignoring a proven formula as they do their arithmetic.
What is one of the most important benefits people seek?
Here’s the elephant in the office: The greatest predictor of job performance is how happy and engaged employees are while they’re at work. Yet, too many bosses have conditioned their employees to only be happy and engaged when they receive something. This motivate-through-rewards beast can never be fed enough, and it creates a gimmie, gimmie, gimmie crowd.
Ironically, there is a benefit that people will fight for that’s fail-proof at creating engagement -“ and it doesn’t cost a dime to provide.
STOMP THE ELEPHANT
To be clear: Insurance and other benefits are incredibly important. They provide immeasurable peace of mind and certainly are a tool to inspire employee efforts and loyalty. Yet, what do we do when we’re forced to reduce those benefits?
The research is abundant: job satisfaction not only determines job performance, but also delivers healthier employees and work/life balance. So what drives job satisfaction? It begins with the relationships people have at work and continues with when a person feels they are valued and can deliver value.
The answer lies in your culture. “We are even more determined to build our Wellness Culture,” says a CEO on the east coast. “It’s the greatest benefit we can give our employees because it impacts all facets of their lives. When people love coming to work it also gives us a competitive edge.”
Is your culture an employee benefit? If so, what can you do today to: reinforce that? Advertise that? Leverage that?
If your culture is not an employee benefit, consider that no amount of spending will ever satisfy the “gimmie, gimmie, gimmie” crowd.
Where will you lead – where will you stomp elephants – today?