Be Excellent quoted the 2006 Employee Review by recruiter Randstad, reported by Management-Issues.
- Almost 90% of employees said that feeling valued is an critical factor in job satisfaction, but barely 30% of them felt that they were valued by their own employers.
- Only 25% of employees felt that their organizations felt any loyalty towards their staff and barely more than half (56%) felt any loyalty to their organizations in return.
- While the majority of employees and employers agreed that the top source of productivity gains was increased employee efficiency, only half of employees of all ages said that leadership practices in their organisations fostered employee development.
small biz rural entrepreneurship workforce podcast audio
New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Subscribe.
- How cooperatives improve small town economies - May 8, 2022
- Metaverse business idea: virtual world tour guide - April 15, 2022
- Make extra money from extra workspace: co-working and 3rd workplaces in small towns - March 28, 2022
- Trade show booth design trend: hand drawn visuals - March 21, 2022
- New business sign design? Don’t use cursive script - February 14, 2022
- Way more people prefer rural than urban, new Pew Research study finds - February 1, 2022
- Top 5 Rural and small town trends 2022 - January 3, 2022
- How to start a real small small business - December 17, 2021
- Tip for better pop-ups and shed businesses - December 5, 2021
- Small town business idea: cat grooming - November 15, 2021
another terrific podcast. you were born to do this stuff, Becky.
Thanks, Mark! You are great at encouraging people.
This is some great stuff. Thanks for the podcast.
I work for a nonprofit that helps small businesses create better work environments. We look for data like what you’ve cited that supports the notion that appealing and catering to your people translated into improved morale, productivity and, ultimately, profitability.
I recently found a study by Cornell University’s School of Industrial and Labor Relations which found that small businesses that hire workers who fit into their company culture create a “family-like atmosphere” where employees are trusted to manage themselves. This move toward empowering employees has resulted in 22 percent more revenue growth, 23 percent more profit growth and have 67 percent less employee turnover among the 323 small business respondents in the study.
Source: http://www.winningworkplaces.org/library/research/rs_2006goodhrpractequalgrowth.php
We also have some research of our own to support the link between paying attention to your people and finding business success. Each year, we recognize outstanding small enterprises. Among this year’s 30 finalists (15 will be named winners at our conference in September), most of them use practices like open-book management and several measures per employer to solicit employee feedback. We found a correlation in which these practices resulted in an average growth rate of 40% between 2004 and 2005. Even more amazing is the fact that these small businesses are spread across many industries, from marketing and technology to property management and even horse supplies.
I enjoy reading your posts and the resulting comments. Keep up the great work.
Mark H.,
Thank you for your contribution on this topic. Your organization serves a fascinating mission! I think we have some ways to work together.