With the end-of-year holidays fast approaching you may be planning your hiring strategy for 2023. Next year, it is crucial for employers to invest in both new and current employees if they want to succeed and see positive growth.
To help you better invest in your employees, we have got 5 key points you should focus on in the new year!
Understanding your team is an essential part of investing in your employees, think about how they work. What motivates them? Do they want to learn a new skill? Do they like your current work processes? Being able to answer these questions will not only improve your team's engagement but also reduce turnover. By taking the time to engage with your team you’ll become an advocate for them when they have earned it, which means intern they will be more likely to go above and beyond for your business.
Another great way to invest in your employees in 2023 is by providing incentives throughout the year. As your team hits its milestones or achieves extraordinary targets why not send them on a weekend getaway, a two-day trip or even a resort stay? This will not only show your team that you appreciate all their hard work during the year but also are willing to reward them where necessary.
Supporting employees' mental health is hugely important. People have had to get used to an entirely new reality in the past few years, with remote working and turbulent financial shifts. Individuals need help with possible stress, anxiety, and overall work-life balance.
Developing a buddy program for new hires or stress management workshops for teams as well as monitoring employee satisfaction and psychological well-being can help you to create a psychological safety environment where every employee will feel well taken care of.
Training and development opportunities need to be a key component in your plan to invest in employees correctly. Building a foundation or process that brings new and current team members exciting development prospects can provide amazing internal growth in a variety of functions, in and out of individual roles.
Creating more collaboration, learning and growing space for your team members can allow you to meet changing requirements in your sector and plan more effectively. You can do this by, allocating more budget to design thinking and learning whilst also hosting more internal workshops to empower employees to share ideas across functions.