“Happy employees equal happy customers. It’s a linear relationship,” says Paul Warner Ph.D. At a recent Senate Budget Hearing, Costco CEO Craig Jelinek made a surprise announcement. The company said that it was raising its employee minimum wage to $16 an hour, from its current $15. Obviously, giving appreciation and extra pay is good for retailers employees.
This can be skillfully done by a retailer that uses an extra pay to convey appreciation. But if otherwise, an extra pay alone doesn’t cut the cheese. In choosing the hearing […]
Emotional stress, including “stress from lack of control in the workplace or from life events,” creates susceptibility to physical illness. This was affirmed twenty years ago in a British Medical Journal article as summarized here by the U.S. National Library of Medicine.
Giving employees more control over their jobs does more than just reduce stress-related illness. It also decreases employee mortality. The key is empowering them to set their own goals, set their own schedules, prioritize their decision making and … have a voice in the goal-setting process.
Giving employees a chance to help shape the future of work will give them more skin in the game. It will deepen their connection to an organization. Finally, it gives them a sense of job ownership and control and will improve their well-being while benefiting the organization.