Posted by Lisa Fulmer on Friday, April 1, 2016 - 07:30
Do your finance and accounting team members like their jobs? Would you say you have full employee engagement? Do you think they enjoy working for you? If your initial response to any of these questions is “yes,” you might just be wrong.
According to research gathered by OfficeVibe.com, 70 percent of U.S. employees do NOT feel engaged at work. This research also shows that engaged employees are 87 percent less likely to quit their job, and 75 percent of the people who leave their jobs voluntarily do so because of their bosses. (See the statistics below.)
As a finance or accounting manager, what can you do to improve employee engagement and keep your team members happy while they do the work they love? Here are five easy ways to improve employee engagement and be the boss whose team loves coming to work every day:
1. Provide feedback often
It can be as simple as saying “good morning” and participating in a little water cooler chat at lunchtime. Communicate your expectations and the company goals clearly. Offer a little inspiration or a few words of wisdom now and then. Thank your team for the transactions and reports they complete each day. Give constructive criticism when warranted to help them improve their skills.
2. Ask for feedback more often
Find out how you can better support their efforts or remove roadblocks. Involve everyone in brainstorming meetings when you need to streamline an accounting process, assess a risk or launch a new finance initiative. Ask your team to share regular status updates on their projects.
3. Play some games
Whether it’s part of a formal team-building exercise or just a quick break from a long meeting, playing a game encourages people to come together and get to know each other. Some types of training and even routine tasks can be framed within a game setting which keeps people thinking and laughing, too. Making space for laughter can improve employee engagement by leaps and bounds.
Try these team-building exercises, from listening to an inspiring talk together to taking on a river-crossing puzzle, to get to know each other.
4. Set up some incentives
Everyone appreciates public recognition or the opportunity to earn a bonus for going above and beyond. Look at the more challenging aspects of your team’s responsibilities to find opportunities to provide rewards their efforts and encourage them to overcome common frustrations, reduce costs, identify inaccuracies, or improve processes.
5. Help with their career paths
More than half the workers in a Robert Half survey said knowing their potential career path was very important to their job satisfaction. Managers can help with that by regularly talking with the employees one-on-one about their career paths at the company. They can also offer training and development opportunities, set up a mentoring program and succession plan, and steer them to a leadership role.
Your management style can make or break employee engagement. What kind of boss do you want to be?
Companies today require more than financial expertise, and leadership training can boost your entire team.
More articles to help you be a better boss
- 3 Team-Building Challenges and How to Address Them
- Employee Retention: 4 Ways to Keep Top Talent Happy and Loyal
Editors note: This post was originally published in February 2014 and was updated in 2016 to reflect current information.