It may not surprise you to know that the overwhelming majority of workers who feel satisfied with their current level of compensation would consider taking a new job if the position offered slightly higher pay.  But what you may not have considered is the fact that you have at your fingertips an arsenal of loyalty-building tools, and putting many of them to use won’t cost your company a dime!

You probably understand from your own experience that a paycheck is not the only factor that influences your job satisfaction.  There is such a thing as “emotional compensation” as well.  As one executive phrased it, “People just want to feel valued.”

1. Do you make an effort to consistently reward your employees for a job well done? Sincere praise is what we’re talking about here--it’s often more effective than a gift basket.  Do you remember to say “Thank you?”
2. Do you consider your employees’ opinions when making decisions that directly affect their departments, and do you occasionally ask an employee’s opinion concerning matters unrelated to his/her dept.?  Most people respond favorably to the perception that their opinion is considered valuable.
3. Take an interest in your employees’ work.  An employee is influenced by your attitude about his/her performance.  Employees often feel, “If this project isn’t important to anyone but me, why am I doing it?”
4. Do you provide a superior benefits package?  Enrollment with us makes it possible for smaller companies to provide medical benefits and retirement options comparable to those of larger companies.