Tips for Taking Care of Your Employees

Tips for Taking Care of Your Employees

Despite most businesses doing their best to keep as many workers on payroll as possible, many employees are still worried about cuts to their wages and salaries, paying rent, protecting their health and even possibly losing their job.

Here are some tips for how to talk with your employees during these turbulent economic times to help maintain and boost morale.

• Be transparent. Is your company losing sales? Will the company be forced to downsize? Denying the problem won’t make it go away. Rumors tend to gain traction and employees become frustrated and confused. Instead, let everyone know the current situation and open the channels of communication even wider. Employees have a vested interest in keeping the company afloat, and they’re often a great resource for some of your best advice.
• Highlight future opportunities. Instead of focusing on negative events coming from your company, focus instead on future opportunities. Highlight what is working. Celebrate small victories. Are sales up in an area? Get on your soapbox and thank everyone who contributes.
• Encourage teamwork. Host informal coffee talks and encourage workers to openly discuss concerns and potential solutions. If your workers can’t meet in person to socialize, creative use of online venues can provide a measure of camaraderie. Keep working as a team until the crisis passes.
• Show appreciation. When the work or actions of an employee deserves praise, don’t neglect the opportunity to provide appreciation. Let your employees know they’re making a difference. Even if your firm can’t offer cash incentives right now, let your employees know that their efforts haven’t gone unnoticed.

As always, we hope you find our tips and news for businesses valuable, and look forward to receiving your feedback. Companies focused on growth have sought the help of Insero & Co. for more than 40 years. During that time they have consistently experienced the peace of mind that comes from knowing their CPA firm takes the concept of integrity seriously. Should you have any questions related to taking care of your employees or your accounting needs, please contact us directly.