As Singapore becomes more popular as a home for all types of businesses, employers struggle to get a full staff of qualified employees. Large companies from all over the world have come to Singapore in recent years and established a presence in the South East Asian market. These include Jet Star Asia Airways, DBS Bank, Exxon Mobile, Neptune Orient Lines Limited, Shell Oil and many others.
Companies like this can afford to give employees an ample benefits package, including paid holidays, vacation time, nice offices, and high pay. If you are running a small to midsize business, however, you may find it difficult to compete with these successful giants. An excellent pool of highly skilled employees can be difficult to build, so once you get employees that are valuable assets to your business, you have to think about how to get their loyalty and convince them to stay with you.
When you consider how much time and money it costs to train good employees, you'll quickly see the importance of keeping these loyal to your business. Skilled employees are a valuable asset for large and small companies. Of course, the most prevalent way to maintain employees loyal is by paying them well. For many small business owners, this is just out of the question. Though they appreciate their hard-working employees, the budget simply won't allow these business owners to remain competitive with large companies such as Shell Oil.
1. Give Employees a Sense of Ownership
One thing that experts agree on is that employees who feel a sense of ownership where they work will work harder and remain faithful to their employer. This can be accomplished in many ways, but the most common method is simply by including employees in everyday company decision-making. Though this is not always possible in every instance, there are many times when you can invite your employees to share in specific company wide issues. Ask for feedback from your employees. Always let them know that you value their opinion.
2. Special Perks and Benefits
Often as the company owner, you can demonstrate how much you value employees by offering exclusive perks and benefits. These do not have to be expensive. You could offer one employee each week a gift card to eat at their favorite restaurant. Once a month you could buy lunch for your employees. Whenever possible, allow employees to spend time outside or to mill around the office in relaxing conversation with friends. Always try to keep the atmosphere at work upscale, fun and soothing. Though these may seem like small things, most employees will say that they enjoy the job much more when their employer is not so strict and demanding. Look for ways to create a friendly and enjoyable atmosphere at work and your employees will be eager to get to work each day instead of dreading it.
3. Provide a Professional Office Space
Another excellent method of obtaining the best employees involves giving them a top-notch place to work each day. Keep your company clean and well organized. Try to provide time-saving conveniences such as the latest technology. If your budget simply doesn't allow you to move to a better part of town and purchase expensive equipment and furnishings, consider leasing virtual office space. Servcorp Serviced Offices provide premier office space in Singapore located in prestigious areas of the city. Leased office space is available whenever and however you need it.
Servcorp Serviced Offices put you in charge of how much space you lease and how often you work there. We provide a number of great amenities such as a dedicated receptionist, bilingual staff members, high-speed Internet, quality communications equipment and much more. Meeting and boardrooms are also available for those big presentations or meetings with prominent investors. Call +65 6322 0888 today to get free quotes and information about offices, meeting rooms and boardrooms.