Sep 21, 201711:37 AMApplied Mindfulness
with Ed Maxwell
Cut turnover and boost productivity with on-site mindfulness training
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In this tough labor market, employers are looking to keep employees and make the most of them. Turnover costs at least 20% of the annual salary of the position. To reduce costs, employers need to create more employee satisfaction, which in turn yields greater retention and productivity.
Neither of these studies includes the gains made to productivity through reduced absenteeism; more satisfied employees show up more often to work.
Since higher employee satisfaction strengthens retention and productivity, employers have long sought ways to improve their employees’ work situation. However, many of the ways that they’ve tried haven’t yielded long-term gains. That’s because, as many psychologists have noted, we humans tend to acclimate quickly to positive circumstances.
Think of the last time you made a major purchase — say, a new car. If you were pleased with your purchase, think of how long that satisfaction lasted. A week? A month?
In essence, we move from appreciation to taking things for granted in little time, so changing the working conditions for employees results only in a temporary increase in satisfaction. Employers can add a snack machine to the break room, but that isn’t going to cause employees to feel happier for long.
While external conditions do need to be improved periodically, to achieve a lasting improvement in satisfaction employees need to change internally. In other words, they can experience increased job satisfaction and overall happiness if their attitudes are transformed.