Fair compensation and benefits: The most basic way to help employees stay engaged is to ensure a fair compensation and benefits structure. This should include a salary that is at least in line with the average for your industry and for each position. You must also establish a measurable and transparent evaluation structure to enable informed pay raises. In addition to benefits like healthcare and 401(k) matching, additional benefits like subsidized local gym memberships that support employee well-being can also be positive.
Development: Another way to keep your employees engaged is to invest in their professional development. For a small business, this can start with understanding where your employees want to advance professionally and trainingus phone numbers list them in relevant skills. As your company grows, you can consider funding online learning courses and industry certifications. This will not only keep your employees engaged, but also allow your company to gain a more diverse skill set.
Additionally, take the time to assess employee engagement at least a few times a year. This could include providing them with anonymous surveys about how they feel about working at your business and what affects their satisfaction. This enables you to collaborate on changes or additions that help everyone thrive.
Track and respond to KPIs
Gaining a better understanding of your company’s performance is critical to its success. The more accurate operational data you have, the better equipped you are to make informed decisions. This is where tracking key performance indicators (KPIs) comes into play. These are measurable metrics that allow you to understand how effectively you are achieving your business’ short-term and long-term goals. They can also highlight where there may be ongoing inefficiencies that are impacting your performance.
