HR teams that range from small start ups to Fortune 500 companies all have one thing in common: they can’t seem to keep employees happy over long periods of time. Employees who work for a single company for many years more often than not lose some morale along the way. The high of starting a new job and wanting to prove yourself wears off, and companies often struggle to re-spark that inspiration. Here are four companies that got creative, and leveraged their HR teams to drive up morale and ultimately increase productivity across the entire company:
- Deutsche Bank used their HR team devised a goal setting and success evaluation system that created short-term goals for each employee in line with the long-term goals of the company. Those ratings informed promotion and compensation decisions for the company. After Deutsche Bank implemented these new standards, 91% of employees said they go above and beyond what is normally expected in their jobs. Continued incentives go a long way in keeping employees happy and engaged in their work.
- American Express began offering training programs (40 hours/year for full-time staff and 25 for part-time) that were directly in line with their employees personal career goals and personal growth goals. After implementation, over 80% of employees reported feeling that the company “often or almost always” provides proper training, fair promotion, and personally challenging work. Sometimes something as simple as asking your employees where they see themselves in five years and making sure they are actively pursuing their goals can make all the difference.
- Walker & Dunlop focused their efforts on teamwork and camaraderie in the workplace. They chose to begin sponsoring annual events in celebration of their employees including parties, picnics, and formal dinners, as well as recreational activities like baseball and bowling. Now, over 87% of employees say they enjoy their colleagues and find their work environment fun.
- Allianz Group decided that flex-time and time off (i.e. a good work-life balance), was essential to their company culture. They started offering their employees plenty of flex-time, so they are able to take care of outside commitments and errands when they collide with regular work house, as well as extensive paid vacation days. How extensive? They now offer 30 paid vacation days a year to all employees who have worked at the company for over a year. The results? 83% of their employees believe their organization cares about their work-life balance. Recognizing that your employees have a meaningful life outside of work communicates a respect for them as a human being. This is one of the most popular perks to employees.
With so many organizations offering new ways to keep employee morale high, HR teams everywhere are taking notice and integrating their own versions of them within their own companies. When you engage employees, you can reduce turnover, encourage productivity, and establish a culture of going above and beyond. Its good for employees, and its good for your bottom line. If you’re going to focus on one thing this year in HR, focus on making your employees happier.
To learn more about Shane, please visit Shane Stirling’s Official Website.
Shane Stirling is a seasoned HR & HSEQ Manager in Cairns, Queensland. To learn more about his life and career, please visit his professional website.