The number of people employed in the United States has been growing since the turn of the millennium, and yet very few companies are really paying attention to one of the most important trends shaping the direction of their business: employee motivation. Many experts agree that it is an area where businesses must tread with care or else they risk turning off their most successful employees – those who have the drive and initiative to succeed. One reason many companies are lagging behind in this regard is because they often overvalue what they offer. In other words, they tend to focus on what makes their company distinct from that of its competitors.
It is a common tendency among companies to assume that employees will automatically buy into their vision and do their work with enthusiasm. But the reality may be somewhat different. It may be true that a highly motivated group of workers will be able to work harder and longer than an unhappiness team – but only if that team is also provided with a good structure and a proper pay package.
It’s important for every organization to create a positive environment where its employees can thrive. And while no one wants to talk about pay, it is certainly something employers should consider. After all, healthy wages are one of the most tangible benefits an employee can bring to the organization.
Today, many companies are choosing to give their employees nice pay increases but they are also choosing to provide them with a more challenging career path. If you ask any seasoned employee, he or she will tell you that being promoted or let go from a certain position at work can be one of the hardest things they have had to do in their entire career. But if the company resorts to short-cut measures such as awarding promotion to poorly performing employees, the impact it will have on their morale and commitment to their job will be far-reaching.
Another thing employers should be concerned about are health benefits. One HR trend suggests that companies are paying more attention to the health and well-being of their employees. There have been several studies where nurses and other health care professionals have been interviewed. What they say is that they see HR professionals who are knowledgeable about wellness as having a positive effect on both their work colleagues and their own health.
One last area of common HR discussions these days revolves around the possibility of job losses. These trends indicate that there has been a noticeable increase in the number of people who are considering early retirement. The number of employees who accept early retirement has doubled in the past five years, according to estimates. This might be a result of a difficult economy or maybe a simple matter of getting better paid in other fields.
When considering people who might retire, the first things most people think about are their children. Fortunately, there has been a number of changes to the retirement age used by the Social Security Administration. They now consider people over the age of 50 to be middle-aged; and they consider people who are active during pregnancy to be older than this.
So what can you do to improve your company’s chances of retaining the most highly skilled employees? As always, there are a variety of options. You can try to lure them back with incentives. You can also change your benefits and compensation structures periodically to attract more desirable employees. You can also advertise your company to draw in those people who might be interested in working for your company. All these strategies are important if you want to keep your best people and get the best return on your HR investments.