Running a business, big or small, isn’t easy. There are countless aspects of business that will lead you to success or failure, and one of the most important things that you need to consider as a business owner is employee morale.
According to Darius Fisher, President and the Co-Founder of Status Labs, an online reputation management, digital marketing, and public relations firm, employee turnover “costs between 30-50 percent of an annual salary to replace an entry-level employee, upwards of 150 percent for a mid-level employee, and up to 400 percent for a senior or highly specialized employee.”
Basically, he is saying employee turnovers are really, really expensive. So what can you do then?
He says that the best way to decrease turnover is to increase job satisfaction for your workers. A happy employee is less likely to leave the company than an unhappy one.
Here are some simple ways you can improve employee morale and keep your employees happy.
Acknowledge your employee’s birthday. Many companies fail to do this, and this is one of the simplest things you can do. Your employees will feel recognized and feel special.
Make your office pet-friendly
This one may not work all the time since some employees may be allergic. Just make sure you confirm with everyone in the office that they are okay with having some furry friends, and make sure the pet is trained!
“Free Lunch Fridays”
According to Fisher, he likes to cater food from local restaurants every Friday for his employees. This will bring the team together to eat and have a good time eating delicious food with colleagues.
About Darius Fisher
Darius Fisher graduated cum laude from Vanderbilt University with a Bachelor’s Degree in Economics. He has extensive background in the media industry as he has worked for Storefront Political Media as a Political Consultant and for Agora Publishing as a Senior Copywriter.
In 2013, Fisher co-founded Status Labs, a “premier online reputation management, digital marketing, and public relations firm.” He is serving as the President and has offices in Austin, New York, and São Paolo.
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