Research carried out by CV-Library has revealed that the UK workforce is less ambitious than expected. The study interviewed 1,200 workers and almost 1/3 of the study group revealed they were prepared to stay at a company for 5 years or more without being promoted.
Whilst some individuals, particularly young professionals aged 18-24, are motivated by promotion, we can safely assume that employees are prioritising other factors in the workplace, above job titles and pay rises.
We’re all unique. This applies to our appearances, personalities, interests, so naturally we have different career goals. For some a happy and successful career is measured by promotions and working up the metaphorical job ladder. For others it’s having strong professional relationships or a positive and open work environment.
These differences in professional preferences mean that employers have a duty to support each employee according to their career expectations so that they can perform to the best of their ability and remain content in their role. For many of the UK workforce, they want to feel secure in their job, feel appreciated for their work and earn enough to live comfortably.
So, how can you reward your staff without new job titles and pay rises?
A bonus scheme incentive for reaching targets or outstanding work
This can be a small or large gesture depending on your budget. Whether it’s financial incentive or a thank you card, show employees you recognise they are working hard and value them. If a team member feels appreciated, they will feel motivated and are more likely to stay loyal to a company.
A fulfilling role
People want to know that their role contributes to the overall success of a company. They also want to feel like they have the opportunity to progress and learn more in the workplace. Including training days in the workplace allows staff to develop their career skills and continue to add to the growth of a company.
A positive work environment
A positive work environment is rooted in the relationships in the work force. Incorporate team bonding days outside of the office – this will allow people to get to know one another in a more casual setting and shifts the dialogue away from work subjects.
Adopt an open door policy
Make yourself available wherever possible for staff to come and speak to you. If you’re more approachable and make time for your employees, this shows your genuine interests in their welfare and they will feel more supported.
Arrange regular one-on-one meetings
Outside of making yourself available where possible, arrange regular review sessions on a one-on-one basis. This gives team members with another opportunity to chat to you within a dedicated time slot about their role, career progression and whether they’re happy at work.
All in all, show your staff you care about their job satisfaction, career progression and overall happiness. Get to know them on a one-to-one basis, show genuine interest and reward them for hard work, no matter how big or small the gesture it will be appreciated. In turn, your acknowledgement and compassion will lead to a dedicated and reliable workforce.