How to Boost Employee Satisfaction Without Giving Raises

Boosting employee satisfaction is a key area of human resources and team management logistics. You need to be able to keep your employees happy and make sure that your top performers are getting what they deserve for keeping their productivity up. You can either pay them more money or keep them satisfied in other ways.

Creating a Structured Company Culture

Although it’s recommended that you pay your employees what they’re worth, there are many ways to make them feel satisfied and special. You can start by creating a solid company culture that makes employees excited to work there.

Since the open market has made it more open to seek new jobs, you want to make sure that your company offers something unique to the market. That unique factor is typically it’s corporate culture. If the employees can feel energized and empowered by the culture of the company, they would be less likely to quit their jobs.

Another aspect of developing the company culture is to communicate regularly with all your employees. They will tell you what they want from a top-notch company. They understand what its like to work long hours for less pay. They can give you more information about what they need from a corporate culture point of view.

Whether that’s flexible hours, a day care center, or a dedicated espresso machine, each company will have a unique corporate culture that’s fuelled by corporate artifacts. You want to get a sense of how your team is and then create a culture around it.

E.g. Zappos.com has a culture of customer service, whereas Amazon has that of logistics. When Amazon purchased Zappos, they decided not to change their culture as it would disrupt what they have going on. In exchange, Zappos has some of the lowest attrition in the industry, as the employees understand the company’s culture very well.

In contrast, you can compare Elon Musk’s approach, who wants to have the highest quality engineers for his technical teams. This makes the company culture ruinously focused on innovation and quality. So much so that he’s spending his nights on the manufacturing floor. He’s not going home to take showers and eats during meetings. He’s leading his team through a crisis and he’s empowering his employees to do the same.

Unique Office Perks

Do you get to have an unlimited range of food for lunch? Or do you have an amazing cappuccino machine in the break room? There are so many things that can be accomplished if you provide the right types of perks to employees.

Just by making sure that the office remains clean every day, and there are lots of rooms available for employees to extend their legs, you can create more value than money ever could. Employees want to feel like they’re comfortable at the workplace and creating an environment that influences that is important.

For some offices, this could mean flexible hours or better overtime management. For other offices, it could be corporate trips or events that involve different departments. You’ll need to audit your team to be able to figure out what they want and then offer it up to them.

Google’s office would look a lot different from that of Apple’s. They’re trying to attract different types of engineers. They don’t want to look the same and that’s one of the best perks of working there. Offices that understand their unique company culture, end up creating unique perks that benefit employee morale.

Maybe your employees want creative spaces to brainstorm in. Giving them an extra space that can be used by hundreds over a period of a year, makes more sense. If you do a cost-analysis and figure out how much you’ll be saving by giving away perks – it’s going to start to make sense.

Perks are some of the most effective tools when it comes to keeping employees satisfied and retained for a longer period of time.

Working on Exciting Projects

This is one of the best ways to keep employees satisfied and motivated. You want to work on exciting projects and hire employees with skills that complement that. If your workers feel like they’re adding to their resume by working with some amazing clients, they’ll be more satisfied to continue working.

This also applies to clients that treat your employees well. These are some of the best clients to work with, and employees feel that much more FOMO for leaving out your company. You can design great communication tools to ensure that there is nothing lost in translation.

Working on exciting projects gets the whole company hooked when they win or succeed. Everybody comes together to give their opinions about the next project and they’re more satisfied to be a part of something bigger and better.

That’s the common theme of young startups that are creating a revolutionary technology that might work or might not. The thrill of the chase gets them working longer hours and chipping in where necessary. You can learn from these startup strategies and form excitement around new client acquisition.

You can also create dialogue around where you want your company to go, so that employees feel a sense of excitement to be a part of your firm. That brand’s halo doesn’t just extend to its clients. It also goes two levels deep into its employees. People who want to work for exciting companies would be more than happy to let go of a few salary bumps, as they’re making the right moves within the firm.

Conclusion

It’s important to keep your employees happy and satisfied. Everything starts from how appreciated they feel at the workplace and how well you’re able to manage their expectations. Since every employee wants what’s best for them to ensure that they can count on you is a good way to keep them satisfied. You’re also going to want to make sure that you’re ready to answer all their question, whether it may be related to the job or its compensation.