What does "an employee saved is an employee earned" mean? Actually several things.
Even the best employers will experience some turnover, but we know that it is more expensive to recruit and train a new employee than creating a good working environment to retain good employees. Every business is different, but we know that keeping the morale boosted is crucial. It can be difficult for a business owner to see this beyond theory because there are a multitude of things bombarding the owner that perhaps the employees never see. If a business owner stays on top of the mood, climate or whatever you might call it, a crisis is more likely to be averted.
What boss hasn't trembled after hearing that the most productive, amenable, and insightful employee is going off to greener pastures. Haven't we been or heard about that employee that ended up having to be replaced with five employees? When a person grows with a position at a company or agency over an extended period of time, this can become a reality. What might have helped to retain an employee?
What does all of this have to do with events to boost your business? In one sentence, I would say it is appreciation and good management. How do you go about showing your employees that you appreciate them when each employee is so different? I'd liken it to a parent of a teenager or even an adult when they say, "We raised all our kids the same, but we just don't know what happened to ____!" Therein lies the problem. If you assume that everyone is going to respond to your appreciation efforts the same, you'll be in for the disappointing surprise.
It doesn't have to be an elaborate event to show appreciation. It can be very individualistic. If you had to narrow it down to just one thing that any kind of employee gives to you, it would be time. What do most employees wish they had more of? It's time! To different employees, time can mean money, or a day off, a special spa day, a weekend away, going to movies, admission to an anticipated sporting event or letting a parent know that you will always let them have an afternoon off for parent-teacher conferences. It might be as simple as free parking or a bus pass for a month or others might love that you make a contribution to their favorite charity or a few hours off to volunteer at a charity. You have to use your imagination and keep your ears to the ground. If everyone knows their turn is coming to receive their appreciation award, there won't be any friction. It should be something that each employee would be excited about not just for themselves but be shared and anticipated by everyone. They will hopefully brag about what a great boss they have! Does this sound like "an employee saved is an employee earned?" I hope so.
If you have an event that is for everyone, you will reap the benefits of your employees getting a glimpse of each other as human beings which will hopefully show up in the form of gaining respect. This type of an event should probably be off-site so that everyone is on a level playing field...sometimes, literally. You can plan any variety of events for team building, birthdays, summer outings, fine dining or family-friendly events. You could even offer to pay for childcare if that is what keeps a person from attending an event that takes place after business hours. Your event is a gift to your employees as a special thank-you and that thankfulness should be emphasized throughout the entire event. You will receive the rewards especially if you have put a lot of thought into it and not required your employees to do all of the work!
You know the saying, "You can catch more bees with sugar than vinegar!" Consider events as an investment in keeping your employees humming, not just as busy bees but humming with contentment!
Watch out for blog posts here in the future about events that are to deal with low morale in the workplace and so much more.
You can contact Greatest of Days so we can keep you informed about upcoming seminars on "How to Rock Your Business with Successful Events".