Uncertainty over the economy has caused employee confidence to drop to record lows. People are more concerned today with losing their jobs than they were during the Covid-19 pandemic. If you are a business owner or manager of a business, there are steps you can take to boost morale and improve productivity. Your priority will be to reassure your team that their jobs are safe. Confronting the issue head-on is the best way to go.
Call a team meeting and hold a Q & A session where everyone can ask the questions that have been on their minds. This will be your chance to discuss the company’s current situation honestly. Transparency will not only help quell rumors but can also improve productivity. The less worried your employees feel about losing their livelihoods, the more focused they will be on their work.
Training opportunities are another way to build employee confidence. Look into company-specific training where employees can learn new skills or improve upon existing ones. Training is a small investment to make yet it has the potential to increase profits, so it’s well worth it. When employees are better at their jobs, they make less errors and feel more confident. Additional training can increase customer satisfaction and employee retention.
If your company has never organized a team building field trip, plan one. A day away from the office and a chance to work together in the community is just the type of feel-good activity your employees need right now. And it’s a chance for you to remind your employees that they are a part of a valued team. Knowing that they make a difference to you, the company, and their community is the best employee confidence builder you could ask for.