Employee engagement and buy-in help a company in the long run. It is important for companies to invest in their employees. This empowers employees and makes them feel like they are part of a team. Without investment, a company may lose valuable intellectual assets. While there may be obstacles to investing in the employee, like budget or archaic mindsets, it is critical to a business’ success to find a way around the obstacles.
Proper training of employees is a form of investment. Some kinds of training include negotiation training. This kind of training is important in many different industries. Employees may need to negotiate contracts or be involved in other situations. It is important to reinforce this kind of training because one session of training may not be enough. Employees need to understand how to control their emotions, what techniques have failed in the past, and how to use their skills to create relationships that will make them successful.
There are many other kinds of investment, including wages. Increased wages are what most people think about when they hear the term investment. But, wages are not the only important form of investment. Other forms include better healthcare, the ability to pursue new ideas, including employees in improvement processes, and other inclusive activities.
If an employee feels like they are part of a team and their opinion is valued, they are more likely to engage and contribute more. This feeling leads to a desire to stay with a company and provide longevity, experience, and loyalty. Keeping employees is important because it reduces turnover, increases flexibility, and decreases the learning curve created by hiring new employees.
Education and training lead to better productivity and increased efficacy. Training leads to better employees who can adjust to changes in the market and provide insight into issues in the company. Training also promotes job satisfaction because when an employee feels like they really know something, they are more confident and feel like they can contribute in a meaningful way.
Additionally, employees with better pay and benefits help inspire the employee to stay at most companies. This is because they feel valued. While these may not be the only ways to invest in an employee, for many it is one of the most visible and tangible ways. Employees want to feel appreciated by their employer, not only through proper training but through rewards and monetary ways.
The benefits of invested employees are significant. It can lead to new ideas because the employee feels like they have a platform to express their voices. It can lead to increased efficiency because they are actively engaged in their department and the activities and work demanded by it. The benefits far outweigh any cost incurred by the company. Without employees that feel valued, a company will suffer financially and fundamentally.
Some obstacles to investing in an employee is their lack of enthusiasm and disengagement. Once an employee is disengaged from their work, it can be difficult to get them back onboard. This kind of attitude can become infectious and spread to other employees as they discuss their issues with the company. Companies need to try to avoid this. Disengaged employees can slow down production, lead to increased mistakes, and hurt the bottom line of any company. Introducing new plans to get the employees back into an actively engaged mindset can take some work, but is well worth it, in the end. Another obstacle is the attitude of senior management. If they have the approach that things are fine the way they are and there is no reason to change things, they will not get the level of involvement from their employees. Employers need to be flexible and open to new ways of investing in their employees.
Investing in your employees may seem like a logical, natural thing that happens. However, many employers do not take the steps necessary to maintain employee engagement and participation. It is important to have programs in place that make employees feel valued by their employer and give them the desire to want to achieve higher levels of efficiency and involvement. by: Dennis Hung