If you don't create a great, rewarding place for people to work, they won't do great work. A great place to work is characterised by a combination of factors that contribute to a positive and fulfilling work environment for employees. These factors contribute to employee satisfaction, engagement, and overall well-being.
This article delves into the key factors that contribute to making an organisation a great place to work. By analysing various reports, industry best practices, this article provides insights into the elements that foster employee satisfaction, engagement, and overall well-being. A great workplace not only attracts top talent but also retains and motivates employees to excel.
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While each organisation may have unique elements that make it a great place to work, here are some top attributes that make an organisation a great place to work:
1) Your corporate culture needs to get right
Corporate culture serves as the driving force behind an organisation's reputation as a great place to work. According to a research from the Hay Group, highly engaged workers are 50% more likely than the least involved ones to surpass goals. And businesses with a highly engaged workforce outperform those with the most disengaged employees in terms of employee retention, customer satisfaction, and revenue growth—by 54%, 89%, and fourfold, respectively.
Additionally, a strong organisational culture is directly tied to employee satisfaction, retention, innovation, and even customer service. Embracing diversity and fostering an inclusive environment becomes crucial to attract and retain employees..
2) The leadership‐culture connection
No business is flawless. An organisation can intentionally create a workplace culture that is consistent with its values and objectives by acknowledging flaws and having a clear understanding of employee engagement.
Top Workplaces use employee input to identify areas where more work needs to be done to bring about positive change and to better understand what constitutes a great workplace. Employee support for the company's objective is made easier when leaders exhibit an understanding of what is happening within their organisation and hold themselves to the same standards as everyone else.
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In fact, 83 per cent of workers at Fortune 500 Best Companies to Work For® reported that the leadership upheld the same principles that were expected of the workforce, which made them more reliable. In contrast, only 42% of workers in typical firms express confidence in their leadership.
Effective leadership is a linchpin in shaping an organisation into a great place to work. Strong leadership not only influences the overall direction of the company but also sets the tone for the culture, employee engagement, and organisational success.
3) Building a people-focused organisation
Organisations that put their employees first and care about their recruitment and retention, pay their workers fairly, and provide benefits that they value are what a truly people-focused organisation looks like. These businesses benefit from attracting higher-calibre workers who are aware of their worth in money thanks to pay transparency.
The greatest employers may offer two-way performance reviews, a living wage determined by your region, a profit-sharing plan, or wellness benefits like a free gym membership, free counselling sessions, and designated areas for relaxation and regeneration during the workday. A people-focused organisation places its employees at the heart of its operations, valuing their growth, well-being, and personal development. In such an environment, personal development becomes a central pillar, enabling employees to achieve their full potential, contribute effectively, and experience a sense of fulfilment.
4) Embracing flexible work
Any list of "great places to work" that you go through will undoubtedly include flexibility. Employees' lives are no longer controlled by the ticking of the clock, so the capacity to accept flexible work schedules and select remote work is essential. According to a report by ManpowerGroup Solutions, one of the top three considerations for job candidates across the globe is their ability to have flexible schedules.
The report also made clear that if businesses wish to draw in qualified workers, workplace flexibility must become standard practice. Providing flexibility in work arrangements, promoting a healthy work-life balance, and offering resources for employee well-being. This includes options for remote work, flexible hours, and wellness programs.
Creating a great place to work involves a combination of multifaceted factors that contribute to employee satisfaction, engagement, and overall well-being. Organisations that prioritise effective leadership, employee empowerment, positive work culture, and other key elements outlined in this article are more likely to attract, retain, and motivate their employees. A commitment to ongoing improvement in these areas can lead to enhanced productivity, higher employee retention rates, and a positive reputation in the job market.
Remember, creating a great place to work is an ongoing effort that requires consistent commitment from leadership, HR teams, and employees themselves. Organisations that prioritise these factors tend to have higher employee retention, greater productivity, and a positive reputation in the job market.
- By Shivangi Sharma ,
- ETHRSEA
- Published On Aug 15, 2023 at 12:00 AM IST
- culture
- workforce
- workplace
- workplace trends
- employees
- talent