Is money the key to retention and productivity? It helps, says the
Christian
Christian
Science Monitor's Marilyn Gardner, but it's not enough. Beyond pay
and
and
benefits lie eight key factors that influence "happiness" at work-factors
that
that
motivate workers and keep them at your organization. Here's our
distillation
distillation
of Gardner's eight factors.
1. Appreciation - Praise heads the list for many workers, and it doesn't
cost
cost
the employer anything to provide it. A sincere thank you or a short note
can
can
mean a great deal.
2. Respect - Again there is no cost and a big payback. Respect plays out
in
in
letting people know that their work is appreciated, in treating them
like
like
adults, and in being fair in your dealings with them.
3. Trust - Trust is the action side of respect. People need guidance, but
they
they
need to know that their boss trusts them to be able to get a job done
on
on
their own.
4. Individual Growth - Today's workers - especially the Gen Y group -
want
want
training, want to take on new challenges, and want to advance based
on
on
their new abilities. Giving a raise without increasing responsibilities
could
could
actually backfire. As one expert says, if you give more money to an
unhappy
unhappy
employee, you end up with a wealthier unhappy employee.
5. Good Boss - It's the old saw: People don't leave companies, they
leave
leave
bosses. In a recent Robert Half survey, Gardner notes that 1,000 Gen
Y
Y
workers ranked "working with a manager I can respect and learn from"
as
as
the most important aspect of their work environment.
6. Compatible Co-workers - Working with people you enjoy is also very
important, says Gardner. Spending the day-every day-with people you
don't
don't
like does not make for a productive workplace.
7. Compatible Culture - Employees want a work environment that fits
their
their
needs. That could mean hard-driving, high paying, or it could mean
high
high
flexibility and significant attention to work / life balance.
8. A Sense of Purpose - People want to know that they are contributing
to
to
something worthwhile. They need to know what the organization's core
purpose is and what it is trying to achieve. And then they need to know
how
how
their particular job fits into the whole.
One of the interesting things that Gardner discovered about employee
"happiness" is that there is a disconnect between what managers think
and
and
what employees think about happiness at work.
Managers tend to think that salary and benefits are the main
motivators,
motivators,
while workers consistently respond that factors such as those
mentioned
mentioned
above are what's important. Successful organizations will find a good
balance
balance
to retain their best people.
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