Business News

Fri May 19

Building Business Bridges - 6 Ways to Boost Employee Retention in your Company

Written by News Feature Team

Employee satisfaction is something that is absolutely vital to any successful company.

After all, your workers are the fuel that drives your company, so having happy and satisfied employees is a surefire way to boost your business to the heights that you want it to reach. So, how do you go about actually keeping your employees happy or boosting your employee retention?

In this article, we will share 6 simple ways in which you can do so. Keep on reading to find out more!

1. A Simple Gift Goes A Long Way

You may think that a tiny gift would not be enough to boost employee retention, but you are wrong. Even the simplest of gestures that you show to your employees can reap great results. Giving your workers corporate gifts once in a while, or treating them to a team lunch once a month is a fantastic way of showing your appreciation for them and their work. When employees feel like their hard work is appreciated, they’ll feel fulfillment as well as a sense of job satisfaction. These are the key ingredients in building a long term employee.

2. Offer Training

Sometimes, employees may feel left in the dark or incompetent if there are new technologies or systems in place that they do not understand. Making an employee feel redundant is a sure way to walk them out the door, so always ensure that all your workers are offered sufficient training to upgrade their skills once in awhile. Not only will this build an air of confidence in your staff, but the skills that they learn will help build your business up as well.

3. Pay Your Employees Well

If employees feel like they are not paid enough for the amount of work they are doing or are responsible for, then they are more than likely to leave and join your competitors. This is something you definitely want to avoid, so always ensure that employees are paid well.

Recognise effort, skill and talent and give people raises when they have done a consistently good job. It is better to pay an employee more than to replace them - it can cost as much as 30-50 percent of an entry-level employee's annual salary just to replace him or her.

4. Allow Employees To Have Fun

Employees that are allowed to have fun whilst working, or in their work environment, end up being a lot more passionate, productive and enthusiastic about their jobs. When people feel engaged in their work, and not like a robot or just another cog in the wheel, they feel an overall sense of fulfilment, and will most definitely avoid joining your competitors any time soon.

5. Remember The Little Things

You have no idea how special you can make someone feel if you remember their birthday, get them a tiny cake or sing a team birthday song for them on their special day. Often in large companies, people do not think or feel like they matter enough, so showing them that they are indeed an appreciated member of staff can go a long way. Even if it is just a Christmas card or a box of chocolates on their work-anniversary day, a little goes a long way.

Recognising your employees can truly contribute to boosting the success of your business in the long-term. Find out how you can grow your company with your employees through recognition today!

Wed May 10

Decathlon Group: Global sporting brand announces Australian launch

Written by Tess Sanders Lazarus

International sporting brand Decathlon today announced its arrival in the Australian market space at a press conference which was held this this week at Volt Fitness, Tempe in Sydney. The brand is one of the world’s largest sporting retailers, often likened to the Ikea of sporting goods, and originates from France. With 1200 stores across the globe in 30 countries and 80,000 staff worldwide, Australia is about to get a taste of the global brand. Set to disrupt the market with its own brands and low-cost products, Decathlon’s Australian launch is likely to challenge known Australian retailers.

“We are very excited to announce the arrival of our flagship Australian store in Tempe, Sydney which will open in October and sit alongside Ikea,” Mr Robinet said.

“We can’t wait to give the Australian people a new option for their sporting goods. We are committed to making sport accessible for most Australians.

“Australians are some of the most active people in the world, the whole country is like a playground! But at the moment, many Australians have to spend hundreds of dollars to get a quality product. Decathlon is about to change this. We offer high quality products at affordable prices with great service. We boast over 70 sports under one roof and offer 7,000 plus models of different products.

“Decathlon is coming to Australia to provide Australians with the largest choice of quality affordably priced sporting goods under one roof. Our priority is to offer a low-cost product that matches up to the big-name brand competitors in quality.

“We are also great innovators. We have research and development facilities all over France to develop the latest innovative designs, registering up to 40 patents per year.

“The first Decathlon Australian warehouse store will be launched in October, in collaboration with Ikea, in Tempe.

“In 2018 we will continue to grow the brand across Australia with further store openings in Melbourne and other cities.

“At Decathlon, we believe that all products should be of premium quality in order to make sport more accessible to the everyday Australian.

“The Tempe store opening will also bring a host of new jobs to the area and we will continue to work in symbiosis with the local community to promote sport and healthy living.

“We will support the local community through partnerships and a strong emphasis on engaging local services to support our business operations and growth. Decathlon is determined to contribute to the local economy and to assist Australians to participate in sport. Sport is a key ingredient for good health, good relationships and community engagement.”

www.decathlon.com.au