How to Invest in Your Human Resources in 4 ways…
It would seem that the Great Resignation has shaken up Human Resource processes around the world, with more organisations fast pulling up their socks in a desperate bid to retain and attract employees.
The workforce has spoken – they want more purpose, upskilling, and a human approach. Now, companies need to meet these standards or face the daunting task of constantly replacing their best talent who hit the road in search of greener pastures.
Employees are no longer settling – they want motivation and tangible reasons to stay, and they want it now.
We have seen how employee motivation has had an incredible effect on well-being, satisfaction, and productivity through the years.
Now more than ever, companies are realising the importance of motivational HR processes and four positive trends have emerged:
- Education and training
- Employee ownership
- Work-life benefits
- Nurturing
Education and Training
Education is the key to empowerment, and it benefits both employee and employer as they navigate the winding road that leads to staff satisfaction and increased business performance.
Talent trained to excel in their roles have a higher sense of value and are more inclined to produce faster results. Education and training on new technologies are imperative for basic job functions in this constantly evolving information age.
When companies provide the resources to upgrade knowledge, they send a message that they value staff and are committed to their long-term growth.
Training can be provided through various in-person/online courses and mentorship programmes.
Employee Ownership
It’s become common for businesses to offer their staff the opportunity to be partial owners of their companies through profit sharing, gain sharing, and stock options initiatives.
The idea is that by doing so, employees will be more driven to the company’s overall success because, essentially, it will be their success too.
Employee ownership has been known to enhance productivity and help staff adopt an owner’s mindset who would likely be more motivated to achieve the best possible results and stay at the company for longer.
Work-life Balance
The ideal recipe for the 21st-century workforce combines the right amount of work, a heap of flexibility, and balance.
Unfortunately, many companies think that creating a work-life balance detracts from high-performance cultures, but employees are more likely to produce the best work possible.
Nurturing
Most businesses have specialised knowledge workers, and managing them effectively is challenging. Since knowledge is only effective if it is specialised, knowledge workers are not homogeneous.
They can become more productive by thinking about how they spend their time deciding which tasks are most important to them and their organisations.
The Time for Employee Motivation is Here
Be it the Covid-19 pandemic, the flexibility bug or something in the air – the need for motivation is contagious and catching on fast. People around the world are re-evaluating their lives, their work, and how well the two play into each other.
Now more than ever, motivational HR practices are needed to retain talent and inspire both personal and professional growth. The benefits of motivational practices extend not only to the well-being of employees but also to the company’s overall performance.
Contact Pulse Motivation to see how we can assist you.
Also read why incentives and rewards is not all that understanding a large-scale workforce comes to.