Most companies and individuals that want to improve their business ventures often think about using modern technology or bringing in outside help but overlook the importance of investing in existing employees. Investing in current employees is a wise idea since this is a group where the employer knows well. An employer will know what the current employees can handle and what they cannot handle, so bumping them would likely result in the sharpening of their skills. Hiring new employers means starting training them fresh, which could be costly in the long run. While promoting one of your employees is a way of skipping the lengthy process of hiring and training of new employee it is also one of the ways of empowering other employees since they see the possibility of getting promotions.
Making the workplace more fun as a way of investing in employees
One of the ways of investing in the current employees according to Louis Chenevert is to make the workplace an enjoyable place to spend their time. Ensuring that there no forces that bring negative influence to the organization is essential in ensuring that employees find the workplace an enjoyable place to work. Office politics offset the peace at work thus, setting policies that eliminate this kind of behavior at work ensure that employees are comfortable at work all the time. Another way of ensuring that employees look forward to being at work is the creation of common fun places other than common lunch rooms which are characterized by lunch tables. Productivity at work when employees start looking forward to coming to work.
Rewarding of best employees to motivate them
Louis Chenevert says that rewarding hardworking employees make them appreciate that someone recognizes their efforts. Awarding employees would be in the form of awards being offered to say monthly to the best employee. This will motivate others to work hard as they aim at being rewarded as well. If the organization include a certificate that comes with the gift, this could trigger more employees to work hard.
Most employees would love to join scholar programs; thus if an employer really cares for the employee, they will create scholar programs that will benefit both the institution and the employee. The employee will be able to enjoy the lifelong benefits of education will the organization will have a more educated workforce.