Yes, we can be happy without a raise, though a raise will make us happier. But great employees stay happy in a company even without additional benefits. Why? When employees feel appreciated and respected, they stay because of the peace and sanity they get from working in your company. It’s not for any other reason that they feel at home with their bosses, their coworkers, and the work they do. Making your employees feel part of your corporate family will trigger the natural human responses of loyalty and fidelity.
While nothing should be stopping you from contacting employee benefits providers in the UK and seeing what you can add to your already competitive compensation package, money and benefits are not the be-all and end-all of employee loyalty. So many of them stay because they feel valued. They stay because they are challenged with new learning by their bosses.
You should recognize the accomplishments of your employees. Acknowledging them and the milestones they have reached will make them feel valued and appreciated. Sometimes, a simple “thank you” is enough. If you can, give them a gift card from their favorite store after they have finished a project that you have assigned to them.
Plan Social Gatherings
Taking your team on a lunch date will do a lot of good for their morale and camaraderie. You need a team that collaborates well together. Your business will benefit from a team that can work harmoniously and productively. If they are always competing with each other, they will focus on bettering each other individually rather than finishing their projects together.
Know your employees on a personal level. Ask about their families. Know about their kids and what they do. If possible, host gatherings where even your employees’ families are invited. It would be nice for everyone to get to know each other. Bringing them closer will make them feel like they “belong.”
Make the Office Environment Light
You don’t have to be too stiff in the office. You should allow your employees to banter with each other. When it’s time to work, they should remember to handle everything with the utmost professionalism. But they should be allowed to let loose. Let them have fun and joke around as long as they are being productive.
Offer More Vacation Time
You don’t need to give your employees a raise, but you can offer more vacation time. They’ll love you about it. Allowing them to spend more time with their family will endear you to them. Their happiness should be important to you. Knowing what hobbies and pastimes they do will allow you to give them what they want.
Stop Calculating Everything
Stop keeping score of what you do and what your employees do. You can’t think like a businessman all the time. That will get you nowhere in your relationship with your employees. If you do something for them, don’t expect an immediate positive reaction. Sometimes, their reactions will be in the form of remaining loyal to your company.
Handling employees and making them stay are all about respecting them as human beings. You have to care about their well-being. Otherwise, you’ll just be a slave employer who will keep on losing great employees to other companies.