When you start a business, you obviously want it to grow and thrive. Aside from profitability and happy customers, happy employees are essential to the success of any company. However, as we expand it’s essential we retain our corporate culture and ensure our employees do not become lost in the trenches of expansion.
Scaling up can have significant impacts on your employees. With a few effective practices, you can keep the focus on your employees as you continue to grow your business.
Preserving Culture Pays Off
As your company grows, it will offer less access to its founders and fewer opportunities for recognition early employees have become accustomed to.
Across hundreds of companies surveyed by Great Place to Work, employees’ scores for executive effectiveness, innovative behaviors, and exceptional treatment were among the fastest to decline as companies increased in size. While their competitors struggle with lower productivity, great employers will retain their employees while attracting the brightest recruits.
Offer Unconventional Benefits
As new innovative technologies emerge businesses have automated their HR tasks and embraced the powers of the cloud and Internet of Things (IoT). So why should you adhere to traditional models for benefits?
While you want to ensure employee benefits remain cost-effective, it’s important to remember the cost of recruiting and training a new employee versus retaining your current employees. Studies show that the actual cost of replacing an employee can amount to more than three times the employee’s annual salary depending largely on the time it takes to fill that position. Not to mention the indirect costs associated with the impact on the customer and organizational credibility.
Try to remain open to special requests for time off, such as extended holidays. Why? When employees receive the time off they need, they return to work recharged, refreshed, and enthusiastic about their work. In addition to bonuses and recognition for a job well done, little incentives go a long way in showing your employees you care about their happiness. Consider taking your team out for lunch, offer snacks in the office, or organise a company event (i.e. a football game, a corporate fun day, etc.). Little perks like these can make your growing business feel more like family than a workplace.
Stay Connected and Encourage Communication
Maintaining communication is essential to fostering productivity. As you scale your company, it’s vital to keep the lines of communication open across your organisation.
Given the on-the-go nature of our society, employees must be able to communicate effectively when they are away from the office. Leveraging technology, employees can communicate in real time on their mobile devices. Not only will this boost employee engagement, but it will also increase retention, productivity, and ROI.
MenaME® is MenaITech’s flagship Employee and Manager Self-Service (ESS/MSS) solution. Our innovative platform empowers your HR department by giving your workforce access to their information and basic HR requests from their computers or mobiles without the need for wasteful paperwork or phone calls.
Think back to when you first started your business. As you strive to scale your business, remember your company is only as stable as its workforce. A great organisation must rely on the talents and skills of its employees to thrive. In maintaining your corporate culture and ensuring your employees are satisfied and fulfilled, you can continue to scale your business while retaining your employees.
If you’re interested in learning more about how to empower your employees and HR managers with the tools they need to thrive, we’d love to help. Contact a member of our team to learn more.
Human resource management software streamlines everything from benefits administration and applicant tracking to retaining and rewarding your top employees. With the innovative HR software, your company can increase productivity, reduce costs, increase efficiencies, reduce redundancies, and increase profits.
The rapidly changing nature of technology makes it difficult for candidates to keep pace with employers’ job requirements. Essentially, schools can’t teach students technologies that don’t yet exist. When employers expect proficiency in newer technologies, in addition to years of work experience, they are often left disappointed.
Investing in HR technology is an essential step in modernizing the human resources department of your organization. Making that technology work in real time on employee’s mobile devices will not only boost engagement, but it will also increase retention, productivity, and ROI.
There are many benefits to mobilizing enterprise through integrated HR applications (apps). At MenaITech, we’ve compiled a list of the top benefits associated with integrating mobile apps for your human resource systems.
Regardless of the size of your organization, payroll plays an essential role in running your business. Based on employee time and attendance, payroll is no simple process. In fact, the reality of managing time and attendance records for payroll is one of the most time-consuming and error-prone responsibilities for many companies.
Manpower resources allocated to payroll activities takes away time that’s better dedicated to other strategic HR contributions. Not only are these manual activities more subject to errors, but they can also create inefficient workflows. Yet, even with that knowledge, some businesses are reluctant to upgrade to seamless, automated payroll and time-clock systems.
Not so long ago, HR employees had to manually calculate payroll and manage employee time cards. It was a frustrating and time-consuming process. Luckily, thanks to HR automation tools, employees can spend less time on the tactical details of their jobs, allowing them to concentrate on other important strategic elements. (more…)
When it comes to coming up with a plan that allows for efficient workforce management, there is a lot of talk about “Strategic Human Resource Management”. Not many people are aware of what it is and often confuse it with traditional HR management. However, we are here to tell you that Strategic HR management is way different. SHRM is actually a branch or a new field that has emerged out of the parent discipline of HR systems.
The right workforce policies can help streamline your human resource department, helping you achieve your short and long-term goals. Workforce utilization is an important aspect of business where you need to integrate the best strategies to minimize your expenses related to your labor, reduce absences as well as eliminate different types of inconsistencies and inefficiencies.
Workforce Management (WFM) involves a variety of tasks and responsibilities that are required for maintaining the details of a productive labor force. Employees are the most valuable assets of any organization. To ensure they don’t face any trouble in work, you need to invest in an accountability framework that guarantees your business strategic objectives and priorities are administered in a more cost-efficient and effective method.
As your business starts growing, the workload begins to increase significantly. This requires you to hire more workers to meet the productivity demands. Once you begin hiring more employees, it can become a little difficult to manage them effectively. There is a lot that goes into ensuring your workers remain calm and satisfied with their job. A business owner needs to value their capabilities and hard work.