How to Make Your Employees Happy (And Keep Them Happy Long Term!)
Most entrepreneurs and executives have read dozens of books about making their employees happy. The problem? Most books get it wrong, as when it comes to cultivating a positive work environment, team activities and happy hours simply don’t make the cut.
Why Happy Employees Matter
It shouldn’t come as a surprise that your employees determine whether your company succeeds or not. After all, they’re your biggest asset, the ones who can build long-lasting relationships with customers and, ultimately, the ones who bring in the money.
If this wasn’t enough, here are a few relevant statistics about why happy employees matter:
- A Social Market Foundation study found that happy employees are up to 20% more productive than unhappy employees
- When it comes to salespeople, happiness has an even greater impact, raising sales by 37%
- According to Harvard Business Review, “close work friendships boost employee satisfaction by 50%“
- The same Harvard study shared that “people with a best friend at work are seven times more likely to engage fully in their work“
The Key to Happiness
As much as we wish we could give you the exact recipe to happiness in the workplace, the truth is there is no secret formula to achieving this. Every team, industry, and company culture is different and, therefore, everyone should be able to build their own path to happiness on a solid foundation based on trust, collaboration, open lines of communication, fair compensation and teamwork.
But the road to making your team happy doesn’t end there. Another group that has high expectations are Millennials.
Making Millennials Happy
Did you know that, according to Dynamic Signal, within the next two years 50 percent of the U.S. workforce is expected to be made up of Millennials? Similarly, the Millennial workforce will be 75 percent by 2030, according to the U.S. Bureau of Labor Statistics.
Knowing that Millennials represent such a big part of the workforce, it would be foolish to neglect their wants and needs. But what do millennials really want when it comes to their careers?
It’s easy to get sidetracked with craft beer and ping pong tables, so here are the things you should really be paying attention to:
Even though there’s a negative stigma about millennials not being hard workers, this is not necessarily true.In fact, according to Gallup’s How Millennials Want to Work and Live, “(millennials) want to understand how this generation is similar to and how they differ from their predecessors, as well as how to apply this knowledge to create more engaged employees and consumers and healthier, happier citizens.”
Growth Opportunities and a Positive Culture“How Millennials Want to Work and Live” states that Millennials change jobs more often than other generations. This is why it’s so important to build a positive company culture in which employees feel appreciated and will want to stay.
TechnologyAccording to Forbes, “Investing in the latest technology is becoming critical to attracting and retaining top talent. As tech natives, millennials value companies that remain on the leading edge.” In fact, a survey reported that 93% of millennial workers say that a business having up-to-date technology is an important factor when choosing a workplace.
If you believe that your company is falling behind when it comes to technology, it’s probably time to ask yourself if your employee are feeling this delay and what you can do to solve it.
The Bottom Line
When The Beatles sang “So Happy Together” they weren’t referring to the office, but wouldn’t it be great if your team could actually be happy, productive and successful together?
At Kimonus we can help you achieve this! Our state-of-the-art project management software allows for companies to increase productivity, improve communication and streamline processes.
Contact us today to find out how organizations are benefitting from our solution!