Risk Services Of Arkansas - October 2017

How to Keep Employees Happy

and Increase Profits A Joyful Workplace The environment you create is another huge factor in limiting the churn of employees. If employees love coming to work every day, they will be hesitant to leave. Finding a great atmosphere is hard, and employees won’t sacrifice it for the unknown. How do you go about creating this type of workplace? Well, dreary and anonymous is the wrong way to go. Employees should feel like they can bring their personality to the job and not be worried about looking over their shoulder constantly. Ted Mathas, head of insurance giant New York Life, notes, “When I was appointed CEO, my biggest concern was, would this [job] allow me to truly say what I think? I needed to be myself to do a good job. Everybody does.” If you acknowledge wins and create an enticing, inclusive company culture, you’ll notice the mood of your staff lift. Nobody wants to work at a place that makes them dread the sound of their alarm in the morning. Don’t be afraid to ask employees what they need. It’s better to find out before their exit interview — when it’s already too late.

Every entrepreneur shares the fear of losing their best people. Hiring the right employees is difficult and expensive. Replacing a valuable team member is even harder. Limiting turnover won’t just benefit your company culture and productivity; it will help raise your company’s bottom line. For all these reasons, you should consistently seek out ways to keep your employees happy, motivated, and committed. Obviously, competitive pay and benefits are a must when it comes to retaining your top talent. You could be the best boss in the world, but if you’re not willing to pay the market average in your area, your employees will go somewhere that does. That said, there are many other motivators that you can offer that won’t raise costs to an unsustainable extent. Lead, Acknowledge, Inspire “The best way to motivate is to lead by example and encourage creativity,” says Jim Koch, founder of the Boston Beer Company. If you’re a passionate, engaged boss, your staff will recognize your effort. Challenging your team to innovate and giving them credit for their ideas will make them feel supported and acknowledged. If an employee wants to help improve your business, empower them to take charge. When a team member feels like they contribute, they are much more likely to be satisfied with their work. Those skeletons and cobwebs adorning every inch of your neighborhood can only mean one thing: Halloween season is here. Learn a little about the spookiest of seasons with a few fun Halloween facts. •Scholars can’t agree on its exact origins, but Halloween probably came from the Celtic holiday of Samhain, which used to mark the transition from harvest season to the start of winter. Fun Halloween Facts


• Trick-or-treating, however, originates frommedieval times. An old custom called “souling” used to be prevalent around fall, in which “soul cakes” were given out to peasants.

The name Halloween actually comes from “All Hallows’ Eve” or “All Saint’s Eve,” a holy Christian day preceding November 1. According to a survey by Fortune magazine, Americans spend as much as $8.4 billion on Halloween

candy, costumes, and decorations. That’s a lot of candy corn!

Specialized Insurance Programs For Specialized Industries. • www.insurica.com • 3

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