Six Drivers for Employee Satisfaction
During this time of high unemployment rates, it seems strange to discuss the six drivers for employee satisfaction. Yet, it is very important to keep your current employees happy and satisfied because you need to retain your best talent.
So here are six key drivers to providing employee satisfaction – which is a key factor in employee retention…
- Opportunity – Career advancement is still important to your current staff as well as job security. The chance to work in challenging positions and move up into even greater challenging position is the strongest driver for overall satisfaction.
- Environment – Providing the best possible atmosphere or culture is what the best people are looking for from their employers. How the company and its leaders deliver on the promise of growth and high energy work environments have a direct impact on their general level of satisfaction.
- Achievement – Work processes and systems that allow feelings of accomplishment or personal satisfaction with one’s work is critical to employee’s feeling of value or worth.
- Rewarding – Fair compensation is still important to employees, yet, running a close second is the recognition and acknowledgment of a job well done are key to job satisfaction.
- Community – People still need to identify with others in an organization. Support from other employees and team members create a unique feeling of family. This factor came to the forefront after the Gallup Poll uncovered one of the key traits for job satisfaction is the feeling that an employee becomes committed to others within the organization.
- Balance – This one is relative new as the Y and X Generations require a life and work balance or as they define it – Quality of Life. If you want to keep your talented younger people then this is the faster way to get their attention.
Keeping your high performers is one of the most important responsibilities of the leadership of organizations today. Knowing what provides employee satisfaction certainty improves your prospects of keeping your talent on your team.
Your action commitment is to review how you rank on each of the six drivers for employee satisfaction. If any of the six are missing or under-performing, then it is time for you to focus on improving those areas for your organization.