Four Benefits of Measuring Employee Satisfaction
If one of your top three employees quit today, how would that affect your organization? Would it suffer? How difficult would a top performer be to replace? According to a recent survey, 30% of employees are considering quitting their job. Another 25% of employees already have.1 As employees leave their jobs, organizations are struggling to retain top talent.
Employee Satisfaction Plays a Role
Understanding employee satisfaction within your organization could help stop employees from leaving. Employee satisfaction can help you understand which employees are not engaged. It gives you the chance to meet with them before they quit. This could lead to a better understanding between your organization and your employee.
Four Benefits of Employee Satisfaction
1. Employee Loyalty
Making employee satisfaction a priority can lead to greater employee loyalty. An employee who likes their job is often one who is more loyal to their employer. They believe in the core values, mission and vision. They are more likely to stay for a long time.
2. Lower Turnover
That loyalty often spills over into lower turnover. Focusing on employee satisfaction helps employees feel valued and heard. They are more likely to stick with an employer who understands their needs.
3. Better Productivity
Keeping employee satisfaction as a priority could also impact productivity. As employees become more content, their productivity often increases. They enjoy their work. They’re focused on the greater mission. They don’t want to be working anywhere else.
4. Increased Profits
Where’s all that increased productivity going to take you? To increased profits, of course. It’s no secret that high productivity leads to better profits. Your employees are happily doing the work they love.
Of course, everyone wants satisfied employees. But practically speaking, how do you measure their satisfaction? If a massive survey seems like a big undertaking, consider these small ways to check in with your employees and get a pulse on their satisfaction.
Don’t let your top performers leave because you haven’t taken the time to check their satisfaction. Your organization, culture and employees all benefit from measuring employee satisfaction. Is it part of your strategy? It should be.
This blog is up to date as of August 2022 and has not been updated for changes in the law, administration or current events.