Yes, compensation matters, but that is not all employees are looking for. If that were the case, many of the smaller organizations which cannot afford to pay their employees the big bucks will not have any employees at all. So, what is it that organizations can offer their employees over and above their compensation? Here are some tips:
Challenging Work
Challenging work that offers ample opportunities to learn will surely be a draw for the right talent. Indeed, it is not uncommon to see an executive from a big company quitting and joining a startup because the work is more challenging and offers more opportunities to learn, even though the pay is less. Employees who love challenges will be your biggest assets as they will be ready to take on anything.
Scope for Growth
The relationship between the employee and the employer must be mutually beneficial for both parties, and neither side must feel short-changed. If the employee works hard to help grow the organization, it is only right that the organization also offers the employee the same – scope for growth. It is not uncommon to see employees quitting even their pay is increasing periodically, if there is no professional growth.
Good Culture
Employees must love coming to work every day, and having excellent culture at the workplace will help make this happen. When there is a nourishing and engaging culture at the workplace, where everyone is treated equally and everything is dealt with transparently, employees would want to be a part of it and give their best.
Convenience
Administrative tasks are a big part of work life. What you can do is offer employees convenience in managing these administrative tasks so that they are not kept from their more important ones. Using technology like Cloud HR software and ERP software will help with this.
