The Eight Values of an Employer of Choice

Did you know that around 22% of employees plan to look for new jobs in 2022?

The Great Resignation, which saw Americans leave their places of employment at a record clip during the second half of 2021, is still upon us.

What will you do to make your business a place where employees want to be? One way is to commit to DEI — greater diversity, equity, and inclusion. 

Keep on reading to learn about the eight values of an employer of choice.

1. Commit to DEI

A previous report by McKinsey & Company shows that businesses in the top quartile for ethnic and racial diversity are 35% more likely to report financial returns ahead of their respective national sector medians.

So, diversity, equity, and inclusion aren’t just about fairness. They’re also about maximizing financial returns.

2. Flexible Work Options

If you want to create a great workplace, you need to offer flexible work options. Your workers want a work-life balance that doesn’t force them to choose between their families and their jobs.

Flexible work schedules and work-from-home options are two options to consider.

3. Career Advancement

Your workers also want career development and advancement opportunities. They don’t want to remain stagnant by doing the same things year after year.

Become an employer of choice by developing career paths that allow for advancement, and hire from within whenever possible. 

4. Show Appreciation

Did you know that 79% of people submit their resignations due to a lack of appreciation? Your workers are your most valuable resources. Treat them like it.

Good characteristics of an employer include showing appreciation and recognizing achievements. 

When you set goals, track progress, and assess deliverables, you’ll be able to identify strong performance and acknowledge achievements.

5. Solid Leadership

Strong leadership is also essential for developing a good workplace environment.

Your staff members need strong leaders who communicate well,  are clear about their expectations, and are approachable. If workers don’t respect leaders, they’ll be looking for better opportunities someplace else.

6. Attractive Compensation Packages

Employees who feel they’re fairly compensated will be more motivated to give their best day after day.

If you aren’t paying your workers enough or don’t offer attractive benefits packages, some of your workers may give less than their best.

7. Fairness Matters

When it comes to the positive values of an employer, fairness is a major one. Treat all your workers fairly. Workplace policies should apply equally to all staff members. Your corporate culture should include fairness.

8. Community Involvement

Employees appreciate when their employers are reputable and committed corporate citizens. Let your actions back up your words. That means adopting ethical practices and demonstrating social responsibility.

Make Your Business Irresistible

Do you want to ensure your business is firing on all cylinders? Doing so can help make your company a great place to work. It starts by focusing on DEI – diversity, equity, and inclusion for a more equitable workplace.

We can help you figure out how to make improvements that will benefit your employees, customers, and bottom line. Get in touch for a free consultation.

Check out these resources:
Diversity, Equity, and Inclusion Toolkit
Employer of Choice eBook