Louis Chenevert retired just recently from his position in one of the leading organizations in the world. The businessman has been holding top positions in prestigious firms, and this is why he has learned so much about businesses. His career accomplishments have been used to educate other young people who want to become successful in the tough market. In one of his recent publication, the American based professional advices his followers about one of the issues that make them have sleepless nights; increasing profits in business. Every company looks for all possible ways of ensuring that they are growing their business. The competition, however, doesn’t make things easy. Louis Chenevert has given people the secret to successful businesses. According to him, company employees have the key to success. Use the following tips to make your company workers happy.
Award those who are working hard: In all working environments, there are some personalities who prove to be better and committed to their responsibilities compared to the others. Louis Chenevert believes that a company will stand to benefit if the top management awards these few who are working. Giving these people recognition will be a way of motivating them to increase their effort. The rest of the team will also be challenged, and they will also increase their efforts in the future. Awarding the employees does not have to cost the company an arm and a leg. There are simple ways that will not require so much money. For instance, two or three days off will make the employee happier and relaxed to resume duty in a better mood. Giving them a certificate is also good.
Best working environment: Everyone wants to spend their time in a working environment that is conducive. The company bosses should do away with any form of negativity because it only affects the workers in a bad way. There are many ways of removing the bad personalities in the working place. Ensure that the offices have been furnished well, regardless of the amount of money you will be forced to spend. The common areas for lunch hours should also be ideal for all workers.
Louis Chenevert is of the opinion that the best investment tool to boost any given business is the staff. He adds that one is supposed to know the abilities and weaknesses of the team so that it can be easier to implement something. He adds that some employees are very flexible and can deliver better results if nurtured. Many of them can perform in a position that is more senior, but it’s not easy to discover their talent unless you are tightly engaged to them. If a vacancy for a critical position in the business arises, it’s better to promote the already experienced employees instead of hiring a new person. This will minimize the cost of training the recruit because it will take time and affect the production in one way or another. The process also makes the employees feel connected to the business.
Team building is the most practical method of investing in the staff. Louis Chenevert insists that it strengthens the bond between the business and the employees. Letting the employees participate in activities outside the business allows them to forget about the daily life challenges and engage with different people candidly. This hugely boosts their production capabilities. One example of such an activity is letting employees participate in community-based activities. They feel refreshed, and it gives them the chance to resolve minor issues if any. There another way to invest in them is through Employee Scholar Education where the business caters for a percentage of their education fee. They benefit with the extra knowledge while the business benefits with their improved output.
Louis Chenevert suggests that rewarding employees is another way of investing in them. However, the rewards must not necessarily target the best performing staff but should cater to all. Chenevert gives an example of certificates that the employs can use in their future employment opportunities. This method makes the team feel much appreciated but rewarding the best performers in a better way is good to enhance effective competition among them. Louis Chenevert also insists that giving workers a favorable working condition is a valuable investment tool because production depends on the morale of the employees.