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SECRETS
TO BECOMING A PREFERRED EMPLOYER
(Summary
of participants' ideas at AMEX Chicago Conference October
2005)
From
large corporations to small businesses, the ability to keep
valued employees around year after year is becoming an ongoing
challenge. Successful companies develop a multi-pronged approach
to recruitment and retention of valued employees. Being able
to understand why employees leave is a great place to start
learning how to retain them. With lack of better pay, benefits,
new challenges, development and recognition topping the list
of reasons why employees leave their current positions it
is obvious where employers need to start. While most companies
might be reluctant to start rethinking salaries there are
some small ideas that have a big impact on employees. Understanding
and implementing the Seven Keys to Becoming a Preferred Employer
offers any business, large or small, the basic tools necessary
to build higher employee motivation and morale.
The
Value of Small Business:
The
US Small Business Administration says that small businesses
create two of every three new jobs, produce 39% of the gross
national product, and invent more than half the nation's technological
innovation. Small business owners and their workers are focused
and immensely proud of what they do and are passionate about
their businesses. They also learn to be risk takers and innovators.
Small
business owners and their key employees are masters of dozens
of disciplines and perform their intricate balancing act like
pros. They know that their ability to make rapid decisions
and implement course corrections is their key to success.
Their advantages of leanness, maneuverability, innovation,
and customer focus mold them into steady enterprises that
earn a significant return on investment year after year after
year.
The
values of small business that stood out the most between the
three seminars in Chicago represent these facts. Flexibility
and the personal aspects of small business were both mentioned
at all three seminars. Other input included:
"
Access to management
" Employees are more capable of making a difference
" Quick decisions and fewer rules
The
Value of Travel Business:
The
number of jobs in the travel industry is increasing at the
rate of some 50,000 a year and tourism is slowly becoming
one of the most important industries in the world. Even as
one the world's leading industries most travel businesses
are still small businesses.
The
work of travel industry employees is essential to the operation
of the industry because it is through them that reservations
are made, travel products and services are sold, customer
problems are solved and tours are conducted. Working in the
travel industry is hard work--but rewarding, and the potential
for advancement is very likely for the dedicated and determined
employee.
The
travel industry has its own benefits that set it apart from
most other industries. These benefits allow travel industry
employees to explore many different aspects that make not
only a travel business great, but also a small business great.
The benefits of the travel industry that were mentioned at
the three seminars in Chicago included the actual travel and
discounted travel benefits and the creativity allowed at work.
The challenging aspects of travel related jobs were also a
top benefit relayed at the seminars.
Why
do people change jobs?
Our
teams discussed factors that affect staff retention and recruiting.
Studies suggest the average person entering the workplace
today will have worked for at least five different firms by
the time they retire. Of the 1600 employees polled, a quarter
say they expect to spend just a year or less in their job,
with under half (49%) planning to spend less than three years
in their current role. The study also says one-fifth (19%)
of employees are unhappy in their current job, with a further
33% considering their future.
According
to recent findings, the key reasons for people leaving their
jobs are:
1.
Better pay/benefits elsewhere (39%).
2. New challenges (33%).
3. Opportunities for career progression/promotion (28%).
4. Lack of recognition for current contribution (20%).
5. Lack of development opportunities in current role (20%).
Our
theory was that if employers understand the needs and wants
of their staff they can create an attractive workplace. Benefits
to a pleasant and happy workplace are that happy employees
are more loyal and productive employees. The absenteeism and
tardiness rate may decrease as people look forward to going
to work. The turnover rate may decrease, as employees feel
content and loyal to an organization.
The
challenge at work is to create an environment in which people
are motivated about work priorities. Feeling valued by their
supervisor in the workplace is the key to high employee motivation
and morale. Feeling valued ranks right up there for most people
with liking the work, competitive pay, opportunities for training
and advancement, and feeling "in" on the latest
news. Building high employee motivation and morale is both
challenging and yet supremely simple.
The
seminar groups in Chicago brainstormed over the Seven Keys
to Becoming a Preferred Employer. These Seven Keys
are:
1)
Work/Life Balance
2) Staff Responsibility/Control of Own Work
3) Show Respect & Appreciation
4) Have a Clear Path to Growth/Supportive Supervision
5) Training/Opportunities to Grow
6) Equitable Benefits/Compensation
7) Nurture a Corporate Culture That Fits/Fun
Workers
in the United States tend to work longer average annual actual
hours than most advanced industrial economies, according to
2002 data from the Organization for Economic Cooperation and
Development. To encourage a balance between the office and
family is one of the top ways to retain employees and make
the office environment more enjoyable. Flexible schedules,
paid time off, working from home with virtual offices and
setting one's own hours are just four simple ideas that the
seminar members mentioned could help them with their work/life
balance.
Employee
control over work can reduce stress and enhance motivation
and growth. Several key findings have prompted employers to
search for ways to give workers a greater sense of control,
to improve health, productivity and morale. Allowing employees
to work within a team to get tasks done, to take direct action
to improve client relations, and to have more control with
where and when they work all contribute to staff responsibility.
Although
many people claim they are quitting for a better paying job
elsewhere, survey after survey shows that a lack of appreciation
and recognition is a primary reason why people quit their
jobs. To begin programs that express appreciation for employees
can be as simple as a pizza party or thank you card with gift
certificate. One member of the seminar group shared the way
that she appreciated her employees. From the first day on
the job she would observe her new employee and take notes
on the employee's actions and accomplishments. On the one
year anniversary of the employees hire date she would present
them with a personal letter commending the employee for all
the success that person had over the year. It was those very
notes she had kept from the beginning that made it possible
for her to recall the minute details and let her employees
know that when they did something well, even something small,
someone was watching and appreciating it. These are some other
ideas from the seminar to help with employee appreciation:
"
Pot lucks
" Time off with a day off certificate to win
" Pizza or lunch
" Gift certificates
" Public praise
" Balloons to pop to find notes for prizes or money
" Birthday cards
" Air tickets,
" Public and private thank you
" Recommendations from coworkers for recognition
In supportive supervision the primary problem is worker
morale and job satisfaction. Workers are seen as facing
a variety of job-related stresses which, unless they have
help to deal with them, could seriously affect their work
and lead to a less than satisfactory service to clients. For
the worker there is ultimately the problem of 'burnout'. Many
individuals at the seminar were interested in supervisors
who knew them and their interests. They also wanted employers
to provide clearer instruction on how to grow within the company
and regular updates concerning the company itself like profitability
and sales growth.
Jobs
are becoming increasingly complicated and higher levels of
education are required for new employees. At the same time
induction training for those taking on new jobs is becoming
shorter. Most jobs since the 1990s have become more complex.
While this makes it reasonable to demand that employees have
a good level of education, it would also be reasonable to
expect new employees to be given a longer period of induction
training to get to grips with their new tasks. There were
some very popular ideas to improve training on the job
and in the workplace:
"
Destination specialists courses together
" Trainer comes in on Saturday
" Web training
With
health care costs rising and company benefits on the decline
there was almost a singular opinion on this topic. The participants
all agreed they wanted good benefits and wanted the company
to contribute more to them. In an age where taking care of
your employees has gone out of style, mostly due to extreme
costs, company benefits is the one area where most
will agree they need the most support. From healthcare to
child care, company's benefits help retain employees for the
long haul.
A
culture is the values and practices shared by the members
of the group. Company Culture, therefore, is the shared
values and practices of the company's employees. Companies
with an adaptive culture that is aligned to their business
goals routinely outperform their competitors. Some studies
report the difference at 200% or more. Here are some characteristics
of company cultures that others have used successfully.
"
Fully empowered employees
" High integrity workplace
" Strong trust relationships
" Highly effective leadership
" Effective systems and processes
" Performance-based compensation and reward programs
" Customer-focused
" Effective 360-degree communications
" Commitment to learning and skill development
" High degree of adaptability
" High accountability standards
" Demonstrated support for innovation
With a better understanding of why employees value the small
travel business and what they want from their careers, employers
now have the tools to create an efficient and desirable workplace.
Working in the travel industry is hard work, even for the
dedicated and determined employee--but rewarding benefits
create content employees that are more loyal and productive.
Using the Seven Keys to Becoming a Preferred Employer will
help any small business owner retain those valued employees.
From work/life balance, appreciation, growth opportunities
and equitable benefits, the seven keys provides a usable plan
to developing a happy work environment.
For more information, please email the facilatator, Marty
Robinson, at
marty@travelcareernetwork.com
.
Travel
Career Network
524 East Broadway #2
Boston, MA 02127
617-722-0079 • 617-307-1153 Fax
info@travelcareernetwork.com
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