{"id":465,"date":"2020-05-29T07:59:45","date_gmt":"2020-05-29T07:59:45","guid":{"rendered":"https:\/\/recruitment.grabjobs.co\/?p=465"},"modified":"2022-02-21T05:05:19","modified_gmt":"2022-02-20T21:05:19","slug":"should-employee-satisfaction-be-a-priority","status":"publish","type":"post","link":"https:\/\/recruitment.grabjobs.co\/should-employee-satisfaction-be-a-priority\/","title":{"rendered":"Should Employee Satisfaction be a priority?"},"content":{"rendered":"\t\t
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It has been proven that there is a strong correlation between employee satisfaction and the success of a business. Companies with strong employee satisfaction has reaped many more benefits in comparison to other companies. However, while 84% of organisations agree that employee well-being is important, only 49% of them are willing to take action to increase their staff satisfaction.<\/p>\n

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Why?<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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40% of all employees suffer from high stress which negatively impacts their productivity. On top of that, the costs of lost productivity are 2.3 times higher than medical and pharmacy costs which speaks volumes about their wellbeing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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We believe that employee satisfaction is one of the most important things that often gets neglected in organisations and here is why:<\/p>\n

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Firstly – higher productivity. People often say \u201cHappiness does good for people\u201d and it is true. It also does good for their work performance. Happy people are 12% more productive than people that aren\u2019t happy. In fact, when people are unhappy, their productivity decreases by 10%.<\/p>\n

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Secondly, it encourages creativity and collaborations. When employees are happy, they will be more willing to work together to come up with innovative and creative ways to reach the company\u2019s common goals. This creates a sense of loyalty towards the company, thus increasing the probability that they are willing to share the company’s content on personal social media accounts and speak positively about the business to others. This helps in boosting your brand image amongst potential customers as well as potential talent who might be interested in joining the company due to high employee satisfaction.<\/p>\n

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Lastly – lower turnover. Replacing employees is an expensive task to accomplish. For example, replacing entry-level employees would cost about 30%-50% of an annual salary. The replacement of mid-level employees costs about 150% of an annual salary and its almost three times that to replace a senior employee. It is important to keep employees loyal to your company during the raging talent wars to avoid the risk of also losing potential talents.<\/p>\n

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Employee satisfaction also leads to more happy customers. One must remember that the people you hire are the first point of contact and are ones interacting with your customers. It is important to ensure that they are well taken care of for the sake of your business reputation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Three Examples of companies with incredible Employee Satisfaction<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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