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Last Updated on January 25, 2025
As a small business owner, it’s understandable to be frustrated when trying to build the perfect
Fortunately, getting (and maintaining!) a
If you’re looking to establish a
What This Article Covers
- The Challenge of Building a Loyal
Team : Understandsmall business owners’ struggles in finding and retaining dedicated employees in a competitive landscape. - Offering a Retirement Plan or 401K: Learn how providing a retirement plan can give employees peace of mind and increase their long-term commitment to your business.
- Importance of Paid Sick Leave: Discover why offering paid sick leave is essential for employee well-being and maintaining
team morale, especially post-pandemic. - Healthcare and Life
Insurance Benefits: Explore how health and lifeinsurance show employees you care about their security and their families’ futures. - Performance Bonuses to Boost Morale: See how rewarding employees financially for their hard work fosters camaraderie and loyalty within your
team . - Vacation and Paid Time Off (PTO): Understand how offering generous PTO policies improves
productivity and demonstrates your appreciation for employees. - Building a Happy and Loyal
Team : Learn actionable strategies to create a workplace where employees feel valued, supported, and motivated to stay long-term. - Assessing Employee Satisfaction: Investing in your staff leads to a more productive
team and a thriving business.
This book will give you the tools to improve staff morale, create a more positive workplace, and increase employee engagement. How? By teaching you to effectively communicate authentic appreciation and encouragement to employees, co-workers, and leaders.
A Retirement Plan or 401K
Many people worry about their future, even when the present is seemingly fine. Nevertheless, insecurities about what may transpire ten or twenty years down the road are still a very valid consideration for most employees. To ensure your employees remain with you for the long haul, you must give them much-needed peace of mind about their futures. One of the best ways to do this is by providing them with a retirement plan.
Research has shown that over two-thirds of employees who do not have a retirement plan in place through their employer feel they cannot retire comfortably. And of these numbers, nearly one-third are considering finding another job offering a retirement plan. The takeaway is simple: if you want your employees to stick around, you must offer assurance about their future through a retirement or 401K plan.
Paid Sick Leave
If the COVID-19 pandemic has taught us anything, it’s that when an employee says they’re sick, we need to take them seriously. Gone are the days of asking staff to suck it up and come in, even when they’re feeling only mildly under the weather. Not only does that expose you to liability if your other staff becomes ill, but it can also severely harm your
Paying your employees sick leave isn’t just about showing them you care. The impact of having to work when ill isn’t just physical, either. It can also cause serious damage to their mental health, too. In turn, they may not work as hard as they should, become resentful, and start looking for employment elsewhere. To avoid having contagious dissatisfaction spreading among your staff, it’s imperative that they feel safe taking time off when sick.
Healthcare and Life Insurance
If you asked your employees what they wanted from you, you might be surprised to learn that it’s not a raise that they’re secretly yearning for. One poll from Glass Door revealed that 40% of workers wanted
Both health and life
Performance Bonuses
Working toward a common goal with your
Instead, take the time to thank your employees for their hard work in meeting major deadlines and milestones. You should thank them verbally, which goes a long way in demonstrating your gratitude, and offer them some financial compensation for helping your business succeed. The small percentage of your cut you give them will go much further than a pat on the back and a half-hearted thanks.
Vacation and Paid Time Off (PTO)
Curiously enough, one of the best ways to let your staff know you appreciate having them around is by not requiring them to always be around. Even the most devoted and loyal staff want time away from the office occasionally, and allowing them to take time off for their leisure can speak volumes about how much you value them.
Studies have shown that providing your employees with as much PTO as they need will make them more productive and work harder for you. That said, it’s important to emphasize that by offering them this time off, you expect them to do something for you in return: they still need to meet deadlines, do their jobs correctly, and not cut corners. However, this paid time off creates a sort of give-and-take that undoubtedly builds unwavering loyalty from your
Workplace safety is failing. Despite better procedures now in place on the job, people are still getting hurt. The problem lies in our thinking. We must shift the focus from rules to relationships.
Are Your Employees Content With You?
As an owner or CEO of a
The 7 Intuitive Laws of Employee Loyalty is a guidebook of implementable tactics and skills for organizational leaders looking to curate a positive workplace culture that engages and inspires their teams to do their best work.
