Life is not all about having a lot of money. Of course, saving is just good sense but the urge to make way more than a person could need and then hoard it, seems more like a pathology than a character trait that should be admired. Unfortunately, in Western culture, avarice is celebrated rather than looked upon with suspicion. The desire to always make more money, and to become more influential and to have others recognise you as successful can sometimes be corrosive. If you run your own business or work in an office environment as a manager, you should be mindful that the balance between your bank account and your life is an important one. It should also be remembered that the health and happiness of your colleagues or employees is, fundamentally, more important than any other consideration. Success that comes at the cost of someone’s well being is patently too expensive.
Besides, happy employees are also more productive. A recent study found that the difference could actually be as much as 12%. Your workforce is your most important asset and making sure they are content could make a huge difference to your business. There are a few things that you can do to make sure both you and the people you work with are as happy and efficient as possible:
Everybody likes a raise and a promotion, but it is usually not possible to offer both. In fact, you would soon find yourself in an absurd situation where everyone exists in the same hierarchical relation to each other but just with enhanced titles. Adults will quickly see through that. A more lasting and substantive way to make your employees content is to incentivise them in ways that work. These can be as simple as offering them more holiday relative to their performance and always ensuring that you communicate with them in a clear and concise manner. The feeling of being shut out or underappreciated will be sure to fester and could provoke them to not care as much, or worse, quit to find another job. It is important to keep your employees. Without them, you will not survive for long.
Finally, legitimate opportunities for advancement are a great way to keep your employees focused. They will be self-motivated because they know what it is that they want and they will know how to get it: work hard.
It may sound counter-intuitive, but investing in your employees’ happiness, even if it costs money, can actually save you money in the long run.