Implementing These 6 Workplace Practices Boosts Revenue, According to Research

Implementing These 6 Workplace Practices Boosts Revenue, According to Research Research has long looked into the connection between a positive employee experience and employee wertmiger zuwachs and retention. But the IBM and Globoforce teams have delved a little deeper to determine how employee experience might also correlate to organizational business outcomes like profitability.The research foundthat organizations that score in the top 25 percent on employee experience report nearly three times the return on assets compared to organizations in the bottomquartile, and organizations that score in the top 25 percent on employee experience report double the return on sales compared to organizations in the bottomquartile.Senior leadership and managers play crucial roles in creating opportunities and ultimately ensuring a positive and supportive work environment however... there is some room for improvement, the researchers reported, noting that a majority (71 percent) of HR practitione rs think that senior leadership could be doing more to improve employees experiences at work.A growing body of research now points to the benefits of a menschenwrdig workplace for creating positive employee experiences.According to research from IBM and Globoforce,a human workplace is primarily characterized by these six opportunities meaningful work empowerment and voice feedback, recognitionand growth coworker relationships organizational trust and work-life balance. Lets expound upon thesesix workplace practices, so your workplace can implement them, too.1. Meaningful WorkWhen employees find their work meaningful, theyre more compelled to do it well. And when they perform well, the company itself can profit more. But how does a company make work more meaningful?When senior leadership ensures that employees feel appreciated and valued for their performance, work can become more meaningful, particularly where recognition isaligned to core values, according to the researchers.2. Emp owerment and VoiceEmployees need to feel empowered and heard in order to perform optimally. And there are ways to make them feel this way.When employees have the opportunity to recharge and work more flexibly, they can beempowered to work and connect in ways that best suitthem, the report suggests.3. Feedback, Recognition and GrowthOf course, constructive feedback that recognizes and affirms employees hard work and also helps to propel them forward is key. It also improves the overall employee experience. That said, the research suggests that less than half (49 percent) of HR practitioners say there is sufficient recognition of the good work that employees do.4. Coworker RelationshipsIts no secret that having strong relationships with coworkers can improve an employees experience. Coworkers can serve as more than just supportive and helpful team members, but also as advocates and allies. When coworkers work well together, push each other and support each other, they ultimately push the company forward, too.5. Organizational TrustTrust is critical in any type of relationship a working one or otherwise. A team of colleagues who trust each other, trust the system and trust in the companys core values and future, is a team of colleagues thats going to perform well. As the research suggests, when employees have positive experiences and perform well as a result, the company itself performs well.6. Work-Life BalanceThe HR practitioners surveyed said there is totenstill room for improvement when it comes to work-life balance, and workplaces should allow more opportunities for improved work-life balance. The study shows that less than a quarter (22 percent) of HR practitioners say their organizations do enough to provide balance.--AnnaMarie Houlis is a feminist, a freelance journalist and an adventure aficionado with an affinity for impulsive solotravel-the-worldtravel. She spends her days writing about womens empowerment from around the world.You can follow her work on herblogblog,Twitter