For years HR has handled all ‘people’ matters in most companies. The other departments focused on producing products and serving their customers. However, since productivity is greatly impacted by how employees are trained, informed, treated, and rewarded, a strong bottom line depends on all leaders caring about their people.
The foundation for a positive employee experience is seeing everyone as a partner and stakeholder and worthy of being treated with respect. The employee experience consists of all the thoughts and feelings employees have of the company. This includes the culture, the brand, clarity of workplace expectations, being provided with the training and tools to do their job, pay and benefits, how the job impacts their personal life, and being listened to.
A recent workplace study found that the top three reasons employees quit are:
Each of these reasons were cited by 50 to 55% of employees. This emphasizes the need for all people leaders to invite employees to share their perspectives, listen to them, and take action to address their concerns. This requires leaders to prioritize one-on-one and small group meetings with their employees.
Other factors that impact the employee experience are quality technology with user-friendly interfaces, ongoing skills development, opportunities to use their expertise, and a diverse and inclusive environment.
You may see that an employee’s workplace experience is important, yet, wonder just how important it really is. A global company with over 1000 retail locations measured several factors, including employee longevity, full-time versus part-time status, experience in multiple roles, and skill level. They found that when employee experience scores at a store moved from the bottom quarter of the company’s retail outlets to the top quarter both revenue and profits increased by about 50%.
If you like the idea of a 50% increase in your bottom line, what is the first step you will take to improving your employees’ workplace experience? It might be asking open-ended questions to learn the obstacles they are facing and collaborating with them to create a more favorable workplace. You can almost count on win/win outcomes for the employees and the company.