While employee compensation generally equates to money – vacation, paid time off, health insurance, vehicle allowance and so on are important factors of your new employees hiring.
But does this cover all of your employee’s needs? Some other pieces of compensation haven’t been addressed and are free but priceless items you can add to their benefits for long-term employee success.
Reviews. Most companies discuss employee reviews at times of hiring but never follow through. It takes time and energy for both the employee and the manager but is crucial to the employee’s growth.
Feedback. Like a review, most employees want feedback – both negative and positive. By praising employees and constructively discussing an error, you engage the employee in a forward-thinking mindset.
Attention. Believe it or not, employees want to see the boss. They want their work to be seen and recognized. Whether it is in a group setting or one on one. Most employees also desire a personal connection with their employer. As about their home and family life; it will go a long way.
All of these things cost very little time and no money but will reward you with an exceptional level of loyalty from your employees.
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