Why your employees are essential to you achieving your business objectives this year
The New Year signifies a fresh start and an opportunity to make changes and improvements to your business. Now is the perfect time to think about some of the goals you would like to achieve within your small business in 2016 and consider how you can go about realising them.
One of the best places to start is with your staff, they are undoubtedly one of your biggest investments and have a direct impact on every aspect of your business. Attracting and retaining the right people, with the right skills, is essential for attaining your business objectives and ensuring that your organisation is equipped to tackle the challenges of the year ahead. Ultimately, creating an environment where people enjoy working is crucial for both staff attraction and retention.
Developing and maintaining a workplace where staff can provide management with feedback on their perceptions of the business – as well as insights into areas which may need improving – also makes staff feel recognised and as though their points are not just heard but that action is taken to address their concerns.
“Businesses that provide internships can select and develop the company’s future talent and have the opportunity to evaluate and screen potential employees”
Another consideration in this regard is to show staff appreciation. According to the Maritz Reward & Recognition Market Study, more than 42% of employees consider a company’s rewards program when seeking employment. The Globoforce Workforce Mood Tracker report on ‘The Impact of Recognition on Employee Retention’, also revealed that 39% of employees feel underappreciated at work and that 77% admit they would work harder if they felt they were better recognised.
Investing in your team
Offering skills development initiatives could be an additional avenue for creating a desirable workplace for both current and future staff. In fact, findings from the Kelly Global Workforce Index (KGWI) reveals that employers who invest in training and staff development not only reap productivity benefits but also have a better chance of retaining employees.
The KGWI highlights that on-the-job experience is identified by 57% of respondents as the most effective means of skills development, ahead of alternatives including further education and training, seminars, professional certification and mentoring.
Lastly, it may be a good idea to offer some internships this year. Not only do internships offer recent graduates entry into the workforce but they also enable small businesses to build and develop much-needed skills which may be lacking in the South African labour market.
Businesses that provide internships can select and develop the company’s future talent and have the opportunity to evaluate and screen potential employees prior to making a full‐time position offer – this also leads to financial savings. If hired in a permanent position, previous interns assimilate faster to their new roles and have shorter learning curves than external hires.
By ensuring that you make your workplace environment one of recognition, reward and growth for employees, there is much that can be achieved for your startup in 2016.
About the author: Kay Vittee is the CEO of Quest Staffing Solutions (Pty) Ltd one of South Africa’s leading staffing solutions provider. She’s a business woman holding a Masters in Business Administration, a B.Com (Banking and Economics) and various other financial and marketing qualifications. Kay’s business acumen and success have made her a sought after speaker and thought leader.