Employee satisfaction – is it all about the money?

Clock and piles of coinsWith several high profile salary rows in the media at the moment you might be forgiven for thinking that employee satisfaction centres around the money.

Rows at the BBC over gender pay imbalance have hit the headlines as female presenters highlight the gap between their salaries and those of their male colleagues in similar roles. However, the issue being raised is less about the size of pay packets and more about equality and fairness in the workplace, which are vital for employee satisfaction.

At Ocean Edge we talk to many job candidates and employers each week, and know the key to a happy workforce and retaining top employees goes beyond renumeration.

So how do you show your staff they are valued? Here’s some ways to improve employee satisfaction in your organisation:

Listen to your team

Giving your employees opportunities to share their ideas, requests and even displeasure will help to create a culture of trust within your organisation. Talk to staff about what would help them to achieve more as a team. Also make yourself available to discuss individual requests and issues.

Be flexible about employee benefits

One size doesn’t fit all when it comes to benefits and happiness in the work place. Depending on where an individual is in their career and personal life they may be more interested in financial benefits, higher pension contributions, more comprehensive health care or flexible working. The only way to be sure is to have the discussion.

Invest in training

Create a tailored continual professional development plan for each member of staff within your organisation. Investing in their personal skills will make them better employees and more dedicated to the success of your business.

Mentor future leaders

Identify staff with the potential to become the next generation of leaders within your organisation. Set them on the path to promotion with mentoring and project leadership opportunities that will motivate them to succeed. Read more about developing leaders within your business.

Create a fair salary structure

If gender pay imbalance is a legacy issue within your organisation then an internal salary review will demonstrate that you value all your staff and put things on an even keel.

If you are an employer in the affordable housing sector looking to grow your team then Ocean Edge can help. We have offices in Southampton and London offering recruitment consultancy services.

For more information about how we can support your organisation get in contact: call 023 8000 1153 or email info@oceanedge.biz.