Valuesin a business is something that is often overlooked when we first start out, as its thought that they are not needed until further down the line, once you are established. If there is one thing, I believe we should have absolute clarity on, is our business values from day one.
They prevent the hard lessons
They give you purpose
They reflect your business beliefs
They steer the business culture
They drive the wheels in your business, as all of the most important decisions that you will make, need to be aligned to them. They drive behaviours, manage expectations and actions. When everything that we do is aligned with them, everyone knows where they stand. Internal and External communication and relationships thrive because of them too. Think of these as your unique DNA that separate’s your business from the rest.
Workplace culture is another area that needs to go hand in hand with your values as they guide the behaviour and attitudes of our teams. They determine the attitude towards our core business drivers and how we serve our clients. They shape our branding and our beliefs. To understand how the values and workplace culture impacts our business decisions, look at the data in your business and its financial results. When you have a team who are not aligned to them you will see your business either stagnate or go backwards. If they are lived out in the business daily, they support your sales function as you attract and retain customers with similar beliefs, as they say Attract the best, repel the rest!
So, as you can see Company Values and Workplace Culture are as important as the bigger decisions you make. Here is an example if you are wondering what to write in your value statement.
Accountability: Each of us is responsible for our words, our actions, and our results. Respect: We value everyone and treat people with dignity and professionalism.
Integrity: We build trust through responsible actions and honest relationships.
Teamwork: We achieve more when we collaborate and all work together.
Being part of a growing organisation and seeing your efforts being recognised and appreciated is an important thing that should not go unnoticed. Motivation does not always come from dangling a carrot of some sort of incentive. It usually comes alive when there is a clear purpose.
“How can we increase employee engagement?”� The answer to this question can be summarized as follows: The main point to focus on to increase employee engagement is employee experience. High employee engagement is a positive result of an improved employee experience.
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Increasing employee progression and engagement needs to be a high priority for your business as it will to minimise the risk of high recruitment costs as it can cost as much as 33% of the salary cost of the person who has just resigned.
Employee motivation and increasing engagement, link very closely as they both improve the efficiency of the business. With employees engaging more, this provides better productivity as more ideas, concepts and strategies are being created. Improved engagement allows employees confidence to grow; this helps retain the best employees in the business and is minimising the risk of them leaving. The enhancement of company culture can be evident through engagement, as company values are being demonstrated to customers and beyond.
Advantages of employee training
There are a variety of advantages for the organisation and the employee; this training provides a more efficient outlook for both.
- Increased employee motivation
With training, there is the opportunity for a faster career progression; this is an excellent motivation method. Motivation will inevitably increase due to the opportunities that are being created. This is highly beneficial for the business as this increases productivity and creates a more efficient workforce. There are other benefits for the business, such as the improvement of employee satisfaction, as motivation is a positive indication for the business’s growth. Also improved communication from a business-to-business point of view or business to consumer point of view. Therefore, motivation is a great method for driving success in business.
- Improved engagement
Employee motivation and increasing engagement, link very closely as they both improve the efficiency of the business. With employees engaging more, this provides better productivity as more ideas, concepts and strategies are being created. Improved engagement allows employees confidence to grow; this helps retain the best employees in the business and is minimising the risk of them leaving. The enhancement of company culture can be evident through engagement, as company values are being demonstrated to customers and beyond.
- Profit Growth
This is due to the employee becoming more knowledgeable in a specific area; this can benefit the business. For example, an employee will have sales training to improve their technique; this help profits increase for the business and benefit the employee sales method.
- Reduced Employee turnover
This is highly beneficial for any business; having a reduced employee turnover is a highly efficient method of building on the skills and qualities of existing employees. This also reduces the cost and time of recruitment.
- Deeper talent succession
With more time and resources being invested into an employee, this also leads to possible faster career progression, without recruiting. This is a valuable way for an employee to stay within the business and progress internally.