Recent statistics have shown that EU employees feel undervalued within the company that they are working for, which can have a negative impact on productivity and efficiency.
Although EU companies are constantly attempting to put into practice actions that can make employees feel appreciated within their job role, there are still many steps to take before all employees are content within the company that they work for.
How many EU employees feel undervalued?
In the UK alone, more than half of employees feel undervalued, and these statistics remain the same within most European countries and beyond. This has led to 34% of those surveyed suggesting that they are looking to change their jobs within the new year, suggesting that their emotions of underappreciation are starting to affect their ability to enjoy their work, to stay driven and ambitious within their company, and even to stay productive on a daily basis. This shows that employers now need to start making big steps to change the outcome of their relationship with employees in the UK and the EU.
Why do they feel undervalued?
Many employees feel undervalued due to a lack of recognition for the quality of work that they provide or the success that they bring to the company that they work for, while some cite negativity as diminishing their contentedness at work. While some may feel like other employees are valued over them and that rewards and benefits are not catered towards their own specific needs, some believe that a lack of care about their employee’s mental wellbeing is beginning to have an effect on whether employees are settled within their job roles.
How does this affect productivity?
There is a big case for believing that employee productivity is affected by dissatisfaction at work, and this can leave employers struggling to meet targets or to provide a high-quality service to their loyal customers. Then, making significant changes to the way that employees are treated within firms is vital if employers want to create a more efficient and high-quality business for all.
How can employers value staff members?
- Businesses should consider starting up an employee benefit trust, where the success of their business is distributed amongst employees through shares. Companies sell shares to their employees, which can then help them to form a meaningful connection with their company and actively participate in the ups and downs of the companies’ growth.
- Businesses should also always actively ask their employees for feedback at annual meetings or through anonymous questionnaires, as this will give employees a chance to make suggestions and raise concerns about the business, as well as allowing them to believe that their opinion and ideas are valued.
- A good way to show employees that they are valued is to show them recognition through pay rises and rewards for their successes and outstanding contributions. These rewards can include events such as summer and festive parties.
- Businesses should also make an effort to communicate with their employees, helping them to understand the position of the business and hear about any big news for the business first. Businesses should also regularly praise their employees, rather than only providing them with negative feedback.
- Lastly, businesses need to promote successful employees to allow them to take on more responsibility and to feel recognized for their hard work and prowess, rather than only employee exterior applicants for management positions.
