Being a good employer sounds like a no-brainer. After all, why would you choose to intentionally be a jerk to your employees? Yet as overwhelming levels of stress creep up and deadlines loom, it's easy to lose your temper around beloved employees. But it's not just those acute bouts of flared tempers that you should avoid, exposing your employees to poor working conditions can also lead to disastrous consequences for your business. Here's 10 reasons why you should start paying attention to how you treat your employees.
A satisfactory work environment encourages your employees to stay under your employ for years rather than train for a few months and then jump ship. This can be expensive for your business as it entails rehiring and retraining people to fill the role.
Turnover is the opposite of employee retention. Keeping your turnover rate low is ideal so as to avoid the expenses of frequent rehiring and retraining. If you conduct yourself in an unprofessional and unfair manner, chances are, your employees will leave you for a fairer employer.
Maintain a Positive Brand
Employees talk to people outside the workplace. How you treat them at work could serve as a conversation piece for your employees and their family members and friends. If word gets out that you are verbally abusing your employees, this could look bad for your brand.
Attract the Right Talent
Smart, experienced professionals understandably steer clear of employers who have a bad reputation. If you portray yourself as an evil employer of some sort, you are limiting the talent pool walking into your front doors. Attract the right talent by keeping your reputation as an employer squeaky clean.
Employees are Assets
Like equipment, intellectual patents, and management teams, your employees are assets that can help grow your company. If you treat them poorly, your employees may intentionally produce subpar output and do their work sloppily. Treat them right and your employees will do the best they can, physically and mentally, to make sure that tasks are done on time and with the expected quality.
Injuries are Costly
Not providing your employees with a safe and conducive work environment can lead to injuries and even fatalities. Your business is held accountable for any physical or emotional injuries that may befall them while under your employ. Injuries like falling and cracking a hip or getting emotionally traumatized due to a conflict at work can cost you thousands of dollars in legal fees and settlements. Start comparing and shopping for small business insurance quotes to offset some of the financial damages.
It's Much Lighter On You
The emotional weight that comes with being hated as a boss might not matter to you at first, but it'll definitely reach a point when it starts to bother you. Getting along with your employees just makes it easy to get through the days and weeks. The fewer things that weigh you down, the more focused and productive you are in doing your job.
Your business' sales and growth rate has a positive correlation with your employees' overall mood and job satisfaction. A burnt out and underpaid staff can lead to a low ROI. If you want to make more money, treat your money-makers right.
Improve Customer Relations
Stronger customer relationships are forged through good customer service. And good customer service is also possible with a happy and satisfied workforce. Treat your employees right and they will treat the business' customers right.
Employees who believe in your brand will go out of their way to promote it to their family members, friends, and anyone they meet outside of work. Encourage your employees to promote your brand through word of mouth referrals by taking care of them.
A good employer isn't an option, it's a responsibility. If you don't treat your employees right, you'll lose them left and right until you eventually find yourself restarting at square one.