When the economy improves, employers should not stand in the doorway. Employees may be stampeding their way out of the work place to find better opportunities.
That conclusion is based on results from CFM and Oregon Business magazine about workplace job satisfaction where Oregon decision makers said employers were not meeting expectations for 10 key job satisfaction area.
In January 2011, CFM asked 702 Oregon business decision makers to rate how important 10 activities were to their job satisfaction and then how well their employer was meeting expectations for each activity.
Significant gaps exist for all 10, ranging from a high of minus 42 points for communication between management and employees to a low of minus 15 points for the availability of training and professional development.
The survey results summarized in the accompanying chart indicate there is five things employers can do now to improve employee morale and keep good employees from jumping ship when the opportunity arises.
- Focus efforts on those activities that are most important to employees. It will be the best way to get the biggest bang for the buck.
- Adjust compensation and benefits strategically. Reward those employees who contribute most to short-term and long-term goals.
- Embrace transparency. Honest communication about organization plans and vision will instill confidence and confirm to employees leadership is thinking ahead, not trying to maintain the status quo.
- Create a “safe” environment. Job security and a safe work environment are equally important.
- Shout-out employee success and contributions. If an employee at any level does a good job, let them know it and tell their co-workers. Outstanding work should not be kept secret.
Research results are based on an online survey of 702 Oregon Business subscribers conducted in the January 2010 Input survey conducted by CFM Research for Oregon Business.