Does employee happiness affect the business’ bottom line? Enterprises TV dives into the question to find out if satisfied workers can help companies meet objectives and earn a profit.
The ease of hiring, firing and changing jobs is a main factor in the relationship between employee satisfaction and business success. In countries where labor markets are more flexible, it is especially true. When a company spends money to make and keep all workers happy, it can attract more productive workers from other firms. But if the labor market us not that flexible, workers have a harder time changing jobs and employers and the there is less spending to keep employees happy and in their jobs. Almost every hiring manager knows that is costs more money to run an prospective workers through the hiring process – whether it is done in-house or outsourced.
workers are more or less treated like a cog in the wheel of the company rather
than for the valued input they provide to the business every day. The only
thing that matters is the bottom line. While there are varied levels of
employee satisfaction, companies that discount worker satisfaction may lose out
in the marketplace. Enterprises TV suggests American businesses find creative
and useful ways to increase employee happiness and satisfaction. If not, the
end result may be that more money is spent on hiring all over again.