Go Theory (Part 3): Take care of your peeps
Unhappy employees will screw you six ways to Sunday. Seriously. So don’t be a dick! And if you’re already a dick, stop being one.
The most valuable asset of any organization is its people. If you want to work less and make more with your business, take care of your people:
- Pay them as much as you can within reason.
- Provide healthcare. Pony up and do it. Every dollar you spend on employee healthcare is equal to $10 in pay in their minds. It say’s that you’re investing in their health and safety. Whether they admit it or not, those are things they value more than a new car or beer on Friday night.
- Empower them. Give your people the chance to make choices and make mistakes.
- Allow them to grow as professionals. People who have the chance to grow in their jobs are less likely to leave for another company. (Forty percent of my staff has been working for me for over 5 years.)
- Remove obstacles to their success. Keep in mind that obstacle is often you.
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By Chris Rugh, November 22, 2009 @ 4:58 pm
Provide healthcare. Pony up and do it. Every dollar you spend on employee healthcare is equal to $10 in pay in their minds. It say’s that you’re investing in their health and safety.
By multiply by 10, November 22, 2009 @ 6:48 pm
So workers can just spend their own salaries, and multiply their pay by 10? No need for an employer to do it.
By Christy, November 23, 2009 @ 7:11 pm
Providing benefits to employees, including a solid healthcare plan, not only tells employees that your investing in them but also gives the impression of a professional, top quality firm that maintains structural norms and is competitive with other companies within your industry. Just paying your employees more without providing benefits will never create the feeling of security and stablility that other companies are willing to provide through added benefits. I agree with Chris, if you don’t provide benefits you are leaving employees with doubts and concerns about the kind of company you are running and when hiring new employees the best candidates will take positions that provide benefits over ones that don’t (even when the pay is adequately adjusted).