In 2023 the dynamics of the workplace are rapidly changing. Employees today seek more than just a steady paycheck; they want an engaging work environment that aligns with their values and aspirations. With access to numerous platforms that provide insights into company culture and employee experiences, professionals have become more discerning in their choices of employers.
Employees are the oxygen
of a business. They will help a company create sustainable growth. An employee is a business owner's competitive advantage. There was a recent
Glassdoor article discussing what employees are valuing. It can be hard for an employer to know what is in the mind of employees. This blog post will provide solutions based on this reporting.
Work-Life Balance: A Non-Negotiable Priority
In recent years, work-life balance has become an increasingly vital aspect of the modern workplace. Employees are prioritizing their overall well-being, seeking opportunities that foster a healthy integration of work and personal life. Organizations that understand the importance of this balance are implementing flexible work arrangements, offering remote work options, and promoting initiatives that encourage mental health and self-care.
In 2023, employees are gravitating towards companies that value and actively support work-life balance. At DPI we recommend that business owners model behaviors internally that show you understand this priority. For instance, schedule emails to send during office hours vs after work.
Authentic Company Culture: Pride In Work
Gone are the days when a superficial company culture statement sufficed to attract top talent. Today, employees seek an authentic culture that aligns with their personal values. Employees want to have pride
in their workplace. When this happens they organically become brand ambassadors for an organization.
Employees want an inclusive and diverse
environment, where their contributions are valued and respected. They want the ability to respectfully speak up without their voice being dismissed. Companies that prioritize diversity and inclusion initiatives, foster open communication, and actively listen
to employee feedback are gaining a competitive advantage in attracting and retaining talented individuals in 2023.
Benefits and Wellness: Includes Fair Pay
While non-monetary factors play a significant role in employee satisfaction, competitive compensation and benefits remain crucial considerations in 2023. Employees seek fair and transparent compensation structures that align with industry standards. Additionally, comprehensive benefits packages, including healthcare, retirement plans, and flexible spending accounts, are expected by professionals who value their overall financial well-being.
Wellness programs let an employee know that you care about them as a whole individual. Consider adopting flexible work arrangements, wellness challenges to keep teams motivated, wellness programs (ex: stress management, nutrition & fitness) or mental health support. I remember working for a company that provided 16 hours annually for volunteering in my community. There are many ways to promote wellness in your company. Communicate how you are investing in your team on a consistent basis. Evaluate what is working and not working. If you are providing a benefit that no one is using, consider a new approach.
Authentic Communication
As stated, money is not
the only motivator for everyone (please note: there are still people motivated by money). Employees want employers to have honest communication with them. Provide relevant updates about the general financial health of the business. Follow through on your promises to employees. Admit when you make a mistake. Provide coaching and feedback in the moment vs waiting until performance review time to bring up past discretions.
Employers should also be careful of those that are "knowledge hoarders". This can be a real threat to any business. These employees can harbor technical information that they won't provide to others. Foster a culture of cross training.
When an employee hoards information, this can lead to manipulation especially if they are resistant to share. Find a way to document what someone knows. This will help you not be blind sighted if they decide to leave the company. Consult an attorney to see how you can legally protect the intellectual property created by employees while working.
Opportunities For Growth
Employees now consider career progression
and professional development as essential aspects of job satisfaction. In 2023, individuals are eager to work for companies that invest in their growth and provide ample opportunities for upskilling and advancement. Organizations that offer mentorship programs, encourage internal mobility, and provide clear career paths are highly sought after by employees who seek to enhance their skills and expertise. DPI has numerous leadership development trainings available.
Visit
DPI’s website
to schedule a complimentary discovery call. DPI is committed to supporting our customers achieve long-term business sustainability. DPI can recommend other solutions in retaining employees.