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What 8 Things Do Employees Want? (Hint: Money's Not on the List) by Girish Nair, HR Executive, I-Link Software Pvt. Ltd.

What 8 Things Do Employees Want? (Hint: Money's Not on the List)

By : Girish Nair, HR Executive, I-Link Software Pvt. Ltd.
Keywords :

Employees

Money's

Not

Things

List

Job Satisfaction

Hint

Activity:  39 comments  835 views  last activity : 07 06 2010 20:18:04 +0000
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Topic: HR Management
Tangible rewards play a role in job satisfaction, says today's expert, but for many workers, the "happiness factor" depends heavily on intangibles, such as respect, trust, and fairness.
 
Is money the key to retention and productivity? It helps, says the Christian Science Monitor's Marilyn Gardner, but it's not enough. Beyond pay and benefits lie eight key factors that influence "happiness" at work-factors that motivate workers and keep them at your organization. Here's our distillation of Gardner's eight factors, as found on the website, communityinvestmentnetwork.org.

1. Appreciation

Praise heads the list for many workers, and it doesn't cost the employer anything to provide it, says Gardner. A sincere thank you or a short note can mean a great deal.

2. Respect

Again there is no cost and a big payback. Respect plays out in letting people know that their work is appreciated, in treating them like adults, and in being fair in your dealings with them.

3. Trust

Trust is the action side of respect. People need guidance, but they need to know that their boss trusts them to be able to get a job done on their own.

4. Individual Growth

Today's workers-especially the Gen Y group-want training, want to take on new challenges, and want to advance based on their new abilities. Giving a raise without increasing responsibilities could actually backfire, notes Gardner. As one expert says, if you give more money to an unhappy employee, you end up with a wealthier unhappy employee.

5. Good Boss

It's the old saw: People don't leave companies, they leave bosses. In a recent Robert Half survey, Gardner notes that 1,000 Gen Y workers ranked "working with a manager I can respect and learn from" as the most important aspect of their work environment.

6. Compatible Co-workers

Working with people you enjoy is also very important, says Gardner. Spending the day-every day-with people you don't like does not make for a productive workplace.

7. Compatible Culture

Employees want a work environment that fits their needs. That could mean hard-driving, high paying, or it could mean high flexibility and significant attention to work/life balance.

8. A Sense of Purpose

People want to know that they are contributing to something worthwhile. They need to know what the organization's core purpose is and what it is trying to achieve. And then they need to know how their particular job fits into the whole. One of the interesting things that Gardner discovered about employee "happiness" is that there is a disconnect between what managers think and what employees think about happiness at work.Managers tend to think that salary and benefits are the main motivators, while workers consistently respond that factors such as those mentioned above are what's important. Successful organizations will find a good balance to retain their best people.
 Top Comment : Lakshmi K   | 07 01 2008 00:21:55 +0000
Really nice and absolutely right. In return what employer want/
go to top
 
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38 comments on "What 8 Things Do Employees Want? (Hint: Money's Not on the List)"
Sort by: Most Recent Top Rated
  Commented by  Gargi Sinha, Senior Consultant, Hewitt Associates    | 04 03 2009 13:32:04 +0000
Rating : +1  
A nice article....Briefing the wants of employees... I think the most important thing the employee is that he should be clear on where he can achieve his goals working in an organisation ?

Any idea what an employer wants ? Any one ??

Happiness is what every one wants....
  Commented by  Rohit Passi, IT Specialist, IBM    | 10 12 2008 07:06:56 +0000
Rating : +1  
Nice one... But Job Security should also be in list.
  Commented by  Amit Kumar Yadav, Asst. Manager/Manager -(NonTechnical), Subhiksha Trading Service Ltd    | 10 11 2008 12:37:05 +0000 
really Its very good
  Commented by  mou, Housekeeping Manager, Tristarhotelspvtltd    | 10 11 2008 11:15:36 +0000 
to the point article

Regards
 Mou
  Commented by  Rohan Panade, Product Development Executive, Hewelett Packard India, Bangalore    | 09 25 2008 19:57:23 +0000 
Good One!!
  Commented by  varsha mishra, technical Manager, rfrac    | 09 25 2008 17:53:40 +0000 
very gud article
  Commented by  Satya Pal, Vice President - Service Delivery, MPS Technologies    | 09 25 2008 14:15:24 +0000
Rating : +1  
Good article for the organization and I think we need similar parameters for Employee loyalty to the organization as well.

Though thanks for sharing 
Satya
  Commented by  Vinayarajan KV, Head/VP/GM-Sales Tech    | 09 25 2008 06:33:11 +0000
Rating : +1  
Nice article - every organization must frmae employee policies taking these 8 factors in to account
  Commented by  Bidiwala A. K., Branch Manager/Regional Manager GCL INDIA P LIMITED    | 09 25 2008 05:49:48 +0000
Rating : +1  
an article always needed for management!!
  Commented by  Ami Hitesh Janani, MarComm Manager, Anysource    | 09 25 2008 05:25:52 +0000
Rating : +1  
Excellent !!! I think money is on the top, but these few points count more than the money......... Really true.
  Commented by  Paras, Electrical Engineer-Utility India    | 09 24 2008 09:34:24 +0000 
Hi..
Nice article.
  Commented by  Vikas G. Chaudhari, Sr. Design Engineer Jacobs Engineering    | 09 20 2008 22:08:08 +0000 
Good One !!
  Commented by  Darpan Sinha, Solution Architect, Fujitsu Consulting India Pvt Ltd    | 08 29 2008 02:31:40 +0000 
Nice one .....
  Commented by  Kujnish Vashisht, Partner/Principal/VP, Expedient Consultants    | 08 26 2008 05:23:13 +0000 
Nice and Informative
  Commented by  Radha S, Head/VP/GM-Marketing IT Softwares    | 08 26 2008 05:13:25 +0000
Rating : +1  
Good one!  
On top of getting 'what we want', initially we need to cleary identify 'what we want'! 
Hope this gives us good clarity on that.
  Commented by  Suhasini Reddy, Sales/BD Manager Pegasys Systems & Technologies, Inc    | 08 26 2008 04:56:07 +0000
Rating : +1  
An excellent article Grish this need to be circulated to all the companies and employers...saying "BACK TO BASICS" for an improvement at the management.Everyone knew this but no one attempts to follow.
  Commented by  rajkumar, Head/VP/GM-Marketing intercontiprojects pvt.ltd    | 08 23 2008 02:27:45 +0000
Rating : +2  
EXCELLENT!!!! please keep sending such enlightening subjects. An eye opener for all HR PEOPLES AND OWNERS/CEO/TEAM LEADERS.
We invest in brick and mortars but not the engine which will drive /carry the organisation ahead/higher.Technology without suitable man(driver of tech. /company) is useless!!
  Commented by  veguru vijayakumar babu, Head/VP/GM-Finance/Audit, Sujana Group Of Companies    | 08 22 2008 21:51:54 +0000
Rating : +1  
Well written and every manager should read this article..
  Commented by  Sumeet Gupta, Team Lead STPL Inc.    | 07 25 2008 07:16:23 +0000 
Great!!!!!!
  Commented by  Hardik Patel, Team Lead (Staffing and Recruitment), Rishabh Softwares Pvt. Ltd. / Rishi Infotech Pvt. Ltd    | 07 23 2008 11:28:30 +0000
Rating : 0  
Good information.thanks
  Commented by  Sumeet Gupta, Team Lead STPL Inc.    | 07 23 2008 06:59:23 +0000 
Yes I Do agree with this.
  Commented by  Hardik Patel, Team Lead (Staffing and Recruitment), Rishabh Softwares Pvt. Ltd. / Rishi Infotech Pvt. Ltd    | 07 22 2008 14:35:02 +0000
Rating : +1  
good one.
  Commented by  SHIVENDRA KUMAR JHA, Project Manager    | 07 12 2008 03:48:40 +0000
Rating : +2  
Dear Girish,

Your article is very good. If these things are not there , then employees will be dis-satisfied. Not necessarily satisfied , if it is there. I always believe that compensation brings more satisfaction among employees.
  Commented by  Rushikant G Pandya, Financial Controller(freight&forwarding) ABB Limited    | 07 11 2008 22:56:15 +0000
Rating : +2  
Hello,
Girish ! Thanks to share views on emplyees' commom and general behavioural attitude towards employer as of now,
although in my opinion It is a paradigm shift from "Commoddity" to "Asset" should be a moral booster to emplyees' performance which should be exercised by considerate,matured, and professional employers and corporates,while avoiding the western [C(curling)T(twisting)C(crushing)]CTC concept and implement salary/packages/awards/fees for services offered by Employees who are treated as "Assets" while enhancing the gamut of Employee - Emloyer relationships curtailing Manapower Turnover Ratio irrespective of strugle for the Average Age of Organization.
  Commented by  GUNDUPAGI MANJUNATH, Research Associate/Analyst AXIS BUILDZONE (INDIA) PVT LTD    | 07 11 2008 21:41:35 +0000
Rating : +4  
Hi Girish i apprciate your posting another important things are missed in the points which i would like to add to your posting is " Satisfaction" and " Responsibility" if employs has to satisfy the management then they will respect an employee in terms trust , confidence giving jobs to him/her, expect high results. Perform your responsibilities with care when you are on the job .Employee irresponsibility is going to devalue the organizations value this nobody is going to tolerate ... i hope so...
  Commented by  Nipoon Tandon, Domain Expert, Deutsche Bank    | 07 11 2008 11:05:36 +0000
Rating : +2  
Thanks for sharing this eautiful aricle on Retention/Job Satisfaction all 8 points are important for job satisfaction however money plays a vital role along with Benefits.... I might be wrong but whenever I do Employee Attrition Analysis clients always blame Compensation the only factor responsible for Attrition.
 
I always believe that compensation brings more satisfaction among ppl.

Cheer :)
  Commented by  sagi srinivasa rao, Sales/BD Manager Inteq software Pvt Ltd    | 07 04 2008 02:03:19 +0000
Rating : +3  
1st, 3rd and 6th points are very much important. Thanks for sharing such a nice article with us
  Commented by  sadasivuni ganesh, Marketing Manager, ZODIAC MARKETING CONSULTANCY    | 07 04 2008 01:41:33 +0000
Rating : +1  
Thanks for sharing knowledge with us.Good article.
  Commented by  Sowmya Krishnan, Recruitment Executive, T & M Services Pvt. Ltd    | 07 04 2008 01:31:21 +0000
Rating : 0  
good one
  Commented by  Prathibha Dasari, Project Leader/Managing Consultant, Ramakanth Recruitment Resources    | 07 03 2008 23:37:58 +0000
Rating : +2  
nice very nice out of 10 marks i will give you 10 out of ten
  Commented by  Prashant Nair, Training Manager, ConvergeM Communication I Ltd    | 07 03 2008 22:34:49 +0000
Rating : 0  
Excellent article
  Commented by  sudhir kumar sinha, Founder & CEO, Inovogen    | 07 03 2008 22:04:37 +0000
Rating : +1  
GOOD ONE !!
  Commented by  Deepak Malaviya, DGM-Marketing, NRB Bearings Ltd.    | 07 03 2008 21:07:41 +0000
Rating : +1  
fairly accurate assessment of employees expectations.
  Commented by  Anil Tadmari, Head/VP/GM-Corporate Planning/Strategy, MACCAFERRI    | 07 03 2008 03:17:55 +0000
Rating : +1  
Very good article .
cheers
  Commented by  Kumar, Tech Architect Tata Consultancy Services (TCS)    | 07 02 2008 10:11:21 +0000
Rating : +2  
Good condour of any enployee expectations...
  Commented by  Pansy Puneet Kaur, Research Associate/Analyst Talisman Advisors    | 07 02 2008 02:45:01 +0000
Rating : +3  
Relevant article as it explains the real picture....gud one
  Commented by  Sarada M, HR Coordinator, Microsoft (AVON)    | 07 02 2008 01:26:32 +0000
Rating : +2  
Good Article and to the point..

Wishes,
Sarada
  Commented by  Lakshmi K, Consultant, ETA    | 07 01 2008 00:21:55 +0000
Rating : +1  
Really nice and absolutely right. 
In return what employer want/
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