Wasting money is one of the quickest ways to drop a small business to its knees. As a small business owner, you know it’s critical to avoid unnecessary expenditures and to look for the best deal in all your transactions.
Yet you may be throwing money out the window when it comes to your own employees.
Many small business owners lose thousands of dollars due to a lack of employee engagement. According to national statistics, disengaged employees cost U.S. companies $350 billion per year in lost revenue. They are also much more likely to quit their jobs, and replacing a single employee will typically cost you 20% of their salary.
It’s easy to blame the employee in this situation. The impact of one disengaged worker is magnified in a small company, because there are fewer people to take up the slack. And since people work so closely together, disengagement can feel like a personal attack or display of disrespect toward you as a leader.
The truth is that most disengaged employees aren’t trying to sabotage you. They disengage because they want to do fulfilling work, yet their experience makes them feel that something is missing.
It could be that they feel unappreciated for the work they do, since employees at small businesses often complete tasks outside their job roles simply because there’s no one else to do the work. Perhaps they’ve been working unpaid overtime to help you, at the expense of their relationships with family and friends.
Whatever the case may be, there is always an underlying reason employees disengage. Which means there’s also a way to fix it. The team at Company Folders has put together this free resource to help you find out what’s making your employees disengage—and how you can help them get back on track.
Author: Company Folders, Inc. is the standard bearer of custom printed pocket folders delivering quality products infused with the design knowledge of an advertising agency. Get more information about logo and folder design from their Blog and Design pages.