Enhancing Job Satisfaction Without Giving a Raise

by Michael Haberman on December 6, 2017 · 0 comments


 

Money isn’t everything in job satisfaction.

Today’s post is brought to you by my friends as SocialMonsters.org. These are good tips for companies that cannot afford monetary increases.

The level of unhappiness at work has been steadily increasing over the last few decades with nearly half of Americans expressing their dissatisfaction over their workplace. According to a report by the Conference Board, 52.3 percent of Americans report being unhappy at work.

This may not be a big surprise, but what employees are actually motivated by will spark the interest of business owners. Although it’s true employees are motivated by compensation, money isn’t the only thing that makes them happy and satisfied. In fact, there’s good news if you need to find ways to keep employees satisfied without digging into your budget to dole out a raise. A survey from Glassdoor found that 4 in 5 employees want benefits or perks more than a raise.

You can enhance your employee’s job satisfaction without giving a raise with these four techniques.

Give Them Better Tools

According to a survey by Technalysis, technologies and habits rooted in the 20th century are keeping the 21st-century vision of the modern workplace from being a reality. “Old school” methods of emails, phone calls and texts make up 75 percent of communication. But outdated tech and old-school practices can also drive customers away. However, outdated technology can hurt employee engagement and turn off customers who perceive your outdated tech as a sign that your company is also out of touch.

Give both customers and employees what they need to improve engagement and ROI to save yourself the hassle. For starters, use an automated directory telephone that routes, tracks and manages calls to streamline the customer service process. Look to successful companies like Sprint that handle a large volume of customer calls like a pro.

Offer Telecommute Options

As more workers roll out of bed and to their laptop for work, telecommuting has become a mainstream perk for businesses in multiple industries. These non-monetary perks can be easy to implement and can even make your employees more productive. According to a survey from TINYPulse, 91 percent of people who work from home feel that they’re more productive than when they’re in an office. Their findings also showed remote workers felt more valued and are happier than their in-office counterparts.

Hire Better Leaders

It’s probably a no-brainer that a bad boss can make or break an employee’s morale and satisfaction. Take more time to hire and train better leaders, and create a culture of respect among team members and managers. Start by creating more opportunities for employees to meet face-to-face with their bosses to discuss their ideas. Ask your company’s leaders to publicly recognize employees’ star efforts and set rewards like the choice of projects after meeting quarterly goals.

Create a Career Pathway

Employees need a reason to stick with your company and see themselves taking an active role. Start by providing development support and with a clear pathway to success to help give them clarity about their role at your company. Employees are prone to feeling dissatisfied if they don’t see growth and a way to advance in their careers. But make sure the training and development opportunities can lead somewhere. If employees can’t climb the ladder, then training is a waste.

Figuring out exactly how to enhance job satisfaction isn’t just good for your employees and retention rate, it can also dramatically impact the productivity of your workplace.


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