+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

What makes some companies great places to work for, here are 12 attributes

Oct 12, 2016, 13:58 IST
Merely 20 percent employees around the world are reporting that they’re fully engaged at work. This startling figure is a testimony to the fact that not many companies have been able to build a workplace perfect enough to motivate their employees to bring their best selves to work every morning.
Advertisement

Worldwide, the focus is more on getting the maximum out of employers than investing in them. Not every company understands that catering to an employee's four needs - physical, emotional, mental and spiritual - can actually lead to better employee satisfaction, thereby increasing their work productivity. Several types of research conducted over the years suggest companies need to start taking care of the overall being of their employees than just nurturing their professional sides.

Another myth most companies live by is - provide better salaries to employees and expect great work. It has also been proven by various studies that money alone can fuel employee productivity only up to a point, after which a greater investment by the company can determine exceptional employee productivity.

While most of the corporate companies grapple with this problem, an article published in HBR tells you 12 attributes of the most successful companies that you could use to build that perfect environment for your employees and keep them going every day:

1. Commit to paying every employee a living wage. Many companies do not meet that standard for many of their jobs. It’s nothing short of obscene to pay a CEO millions of dollars a year while paying any employee a sum for full-time work that falls below the poverty line.

Advertisement

2. Give all employees a stake in the company’s success, in the form of profit sharing, or stock options, or bonuses tied to performance. If the company does well, all employees should share in the success, in meaningful ways.

3. Design working environments that are safe, comfortable and appealing to work in. In offices, include a range of physical spaces that allow for privacy, collaboration, and simply hanging out.

4. Provide healthy, high-quality food, at the lowest possible prices, including in vending machines.

5. Create places for employees to rest and renew during the course of the working day and encourage them to take intermittent breaks. Ideally, leaders would permit afternoon naps, which fuel higher productivity in the several hours to follow.

6. Offer a well-equipped gym and other facilities that encourage employees to move physically and stay fit. Provide incentives for employees to use the facilities, including during the work day as a source of renewal.

Advertisement
7. Define clear and specific expectations for what success looks like for any given job. Then, treat employees as adults by giving them as much autonomy as possible to choose when they work, where they do their work, and how best to get it accomplished.

8. Institute two-way performance reviews, so that employees not only receive regular feedback about how they’re doing, in ways that support their growth but are also given the opportunity to provide feedback to their supervisors, anonymously if they so choose, to avoid recrimination.

9. Hold leaders and managers accountable for treating all employees with respect and care, all of the time, and encourage them to regularly recognize those they supervise for the positive contributions they make.

10. Create policies that encourage employees to set aside time to focus without interruption on their most important priorities, including long-term projects and more strategic and creative thinking. Ideally, give them a designated amount of time to pursue projects they’re especially passionate about and which have the potential to add value to the company.

11. Provide employees with ongoing opportunities and incentives to learn, develop and grow, both in establishing new job-specific hard skills, as well as softer skills that serve them well as individuals, and as managers and leaders.

Advertisement
12. Stand for something beyond simply increasing profits. Create products or provide services or serve causes that clearly add value in the world, making it possible for employees to derive a sense of meaning from their work, and to feel good about the companies for which they work.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article