Welcome to the final installment of our three-part series on cultivating an environment of mutual satisfaction in your organization.
Let’s Dive Into the Benefits.
We’ve already talked about what mutual satisfaction is and some ways to achieve it. Let’s wrap up by talking a bit more about the benefits.
For starters, the advantages are boosted productivity and efficiency. Satisfied employees are more engaged employees. And firms with a highly engaged workforce see 17% greater productivity than firms with disengaged employees. With greater productivity, your organization is more likely to achieve its overall goals.
In addition, fostering employee satisfaction increases employee retention. That saves you the sizeable cost of having to hire replacements. On average, replacing an employee costs one-third of their annual salary, not to mention the disruptions to workflow and client relationships.
Furthermore, prioritizing a positive organizational culture positions your company as a magnet for top talent. In a competitive job market, prospective employees prioritize company culture over salary, with a staggering 56% indicating its significance.
Nurture a Healthier Organization.
By pursuing mutual satisfaction in your firm’s relationship with its employees, you can build a stronger bond with a solid foundation of shared trust and respect — one where communication is open, the environment is respectful, and you endeavor to treat each other fairly.
Mutual Satisfaction Makes for Business Success.
When you make mutual satisfaction your goal, you encourage an atmosphere where every member of the team is invested in the company’s success. You cultivate employee loyalty and dedication because they know they’ll get that same loyalty and dedication in return — and that as the company wins, they will, too.
Need Help Getting Started?
At Domus, we’re experts on helping organizations engage employees and create an environment of mutual satisfaction. Contact Lisa Samara and let’s talk.