Darius Fisher recently discussed how employee satisfaction with their jobs often results in lower staff turnover. He reiterates that employee turnover is quite expensive for any company. This is because the process of looking for a replacement sometimes costs as much as 50 percent of the annual salary for entry level staff. Mid-level and senior employees cost about 150 percent and 400 percent respectively. Fisher shares some of his trade secrets. Follow him on Twitter for more news and information.
Tips for Excellent Employee Satisfaction
The best way to improve morale is by offering treats especially after good performance. If the staff reach goals set they should be offered gifts and other treats like watches, extended vacation days or even free yoga classes. It is important to acknowledge hard work, good results and success. Fisher reveals that at Status Labs, he usually sends an email to appreciate employees and congratulate the whole team to boost morale.
There should be free communications lines in the organization. New hires and projects need to be communicated in advance to make people feel like they belong to the organization. Monthly company meetings are also important to discuss any issues arising. Fair salary increments are important to maintain the current staff while avoiding expenses related to recruitment and selection processes.
According to PRweek, Fisher says that status Labs buys lunch for all its employees on Fridays. They get to enjoy a meal together as a single unit. The company also schedules fun activities to do at every quarter allowing them to have fun together.
Additionally, fisher makes sure to recognize the birthdays of all employees with gifts and appreciation. Lastly, the status Labs team transformed their head office into a beautiful and aesthetically pleasing workplace while making it pet friendly.
About Darius Fisher
Darius Fisher is one of the co-founders of Status Labs. Today, he is the president of the company. Before establishing Status Labs, he worked freelance as a political consultant and a copywriter. As president, he has built the company up from a small startup into a highly sought after reputation management firm.
Fisher resides in Austin, Texas where the head offices of the company are situated. The Vanderbilt University educated graduate is a successful businessman with a great work ethic. He is down to earth and works to help reshape and rebuild tarnished online reputations of all Status Labs’ clients.