To help your employees become more money-smart, consider providing an after-hour training course that teaches them how to plan ahead, manage money, and get out from under debt. If you’re not doing so already, consider cutting back on some of the luxuries you provide your staff by providing them with a simple after-hour fitness class or signing them up for a health club membership. By motivating and encouraging your employees in these ways, you’re helping them use “smart spending” money. After all, the money that comes in handy when “unplanned” can be used to invest in their families, put away money for college, or buy themselves a new set of golf clubs. Helping your staff learn how to spend their money more productively is all about much more than just how many hours they can get completed at their desks in the morning.
In order to help your employees make the most of their time, help them understand how important it is to take advantage of workplace change initiatives. When businesses make the decision to go with something new, they should always have an opportunity for input. This way, employees can voice any concerns or questions they have. This might include new policies being implemented, a reduction in hours, or a combination of both. By allowing employees to voice their opinions, your company will feel validated and their needs will be addressed accordingly.
One of the best ways to ensure that your business as a whole is well-rounded is to offer wellness retreats. You may already offer employee fitness classes or employee development training once or twice a year; however, if you haven’t recently added a wellness retreats program to your routine, now’s the perfect time to do so. Your current after-office fitness classes are designed to help your staff stay physically fit and healthy, but they are also geared towards helping your employees overcome any personal struggles they have in addition to improving their work-life balance. Many people feel uncomfortable going to fitness or exercise classes with co-workers or in a setting alone, which can lead to a lack of productivity. Having a weekly wellness retreat will allow your team to explore new interests together while still benefiting from one another’s presence.
If your company doesn’t already conduct employee meetings on a regular basis, now is the perfect time to do so. While this may be counter-productive in some ways, the benefits of making this small investment will far outweigh it. With group focus, your employees will feel empowered to raise concerns or suggestions in a safe and supportive environment. They will also have the chance to learn more about each other and the company in general, something that will help everyone stay productive and happy.
If you’ve never bought-in to the idea that you can buy-in to the desires and goals of your entire staff, now is the perfect time to do so. Your monthly meetings will encourage employees to think creatively and outside the box, and they will be able to use their imaginations to come up with new ways to increase company revenue or boost sales. Your team meetings will not only make employees succeed in their jobs, but they will be better at accomplishing goals for your business as well.
Whether you choose to host a weekly staff meeting, or hold one as part of an organizational changeover, your entire organization will benefit. Through employee buy-in, your employees will be happier in the workplace, your profits will rise, and everyone will have a more positive work environment. So the next time you look at your business and ask, “How are we helping our employees succeed,” think about how you can buy-in to the goals of the entire company. If you do it right, you can make lasting changes that will help your employees succeed year after year.
Infographic created by Mowery & Schoenfeld, providing individual tax services
