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Are your employees happy and fulfilled? Do they see a future for themselves? Do they believe in your company’s mission?
Today’s workforce collectively longs for deeper meaning in their work. And most of them are willing to sacrifice to feel like their job makes a difference.
According to Harvard Business Review, nine out of ten people would be willing to lose a portion of their lifetime earnings for more meaningful work. On average, employees would be willing to give up nearly a quarter of their income if it would guarantee that they always had a meaningful job.
Employees who feel their job is worth more than just a paycheck do a better job for their employer. They work more, are more productive, take fewer sick days, and earn more than $9,000 a year for the company on average.
Making your employee’s work more meaningful boosts the bottom line.
Deloitte notes that employees who are empowered to self-direct their work and have the flexibility to attend to self-care have higher job satisfaction and manage their time more efficiently.
Providing employees with the right tools and authority to craft their schedules also boosts satisfaction.
This, in turn, raises their job satisfaction and their productivity.
McKinsey research shows that two-thirds of non-executive employees say their purpose is defined by work. Companies who work to align their purpose raise satisfaction and perception of overall success even higher.
In contrast, employees stuck in a position that doesn’t make them feel that they have a purpose will leave for a job at a company they feel better fits their needs and goals.
A Gallup employee survey revealed that workers of all generations rank “the organization cares about employees’ wellbeing” in their top three criteria for an employer — for millennials and Gen Z, it’s the top workplace want, right up there with diversity and inclusion and corporate ethics.
Developing a company mission that makes employees part of the larger effort can increase retention and improve morale. So can providing opportunities for career advancement. By showing your employees that you believe in them, you help them believe in the mission.
Is your business is struggling to attract and retain quality talent? Then it might be time to address your company mission. Extend it to encompass remote workers, and start looking for ways to make staying in the company worth it to employees.
With Workforce Intelligence, Censia can help build profiles of your workers and identify skills they have that are underutilized. This opens the door to promotion from within, as you match skills to unfilled job openings.
You can also identify your highest-producing remote work employees with Ideal Candidate Modeling and use their profiles to find others in your organization and candidate pool who would also benefit from more autonomy.
Want to find out how to build the workforce of your future while you strive to make work meaningful? Contact Censia for a free demo today.