Businesses are always looking for ways to increase it. They either focus on increasing revenues or decreasing costs.
Instead of it being an either or situation, how about giving your employees greater ownership in the company? I don’t mean making a new employee Chairman of the Board. Allow me to explain.
There is a strong correlation between a successful company and having an effective goal setting process, where each employee OWNS the goal setting process. Managers and executives should be helping each employee set goals. So by fully engaging your team and encouraging everyone to focus and achieve these goals together, you’ve set the stage for everyone to have a greater sense of loyalty and commitment to the company.
So, is it time for you to have strategic goals in place that allows your employees to use their talents without limitations?
The bottom line says this leads to greater job satisfaction, improved morale and employee retention because your organization is staffed with a workforce of people who are highly productive, skilled and committed to doing their very best.
Yes. It really can happen that way. What’s stopping you?