Create a Better Work Environment for Employees and Save Money

happy workersAccording to a recent Gallup poll poor management is costing the United States from $450 billion to $550 billion per year in lost revenue. The single most important cause of this loss is a disengaged workforce. The poll revealed that out of 100 million full-time employees in the country, about 70 percent feel uninspired and alienated from their jobs. Compounding the problem is the large number of employees who quit their jobs.  In June 2014 more than 2.5 million people quit their jobs, and the number seems to be on the rise.

One coaching and leadership company, CMOE, did a survey to find out what components characterize a strong work environment.  Their goal was to find out how to help companies to get rid of poor managers, reduce or eliminate high employee turnover and disengagement.

CMOE discovered that there are three main components to creating a successful organization:

•    Helping others learn and grow
•    Have a positive attitude
•    Solve problems effectively and efficiently

In addition, leaders should be strategic and forward thinking. They should have good communication skills. Having long-term  goals also helps to inspire employees.

Michelle Grathers

About Michelle Grathers

Michelle Grathers is an international tax expert. She has consulted for a variety of firms and high net worth individuals on all tax- and legal-related issues. She also helps new companies develop payroll services, statutory audits and mergers and acquisitions. Contact Michelle at michelle[at]businessdistrict.com