Team morale is the glue that holds a business together. Business tycoon, Richard Branson, famously said that clients do not come first – employees come first – and if you take care of your employees, they will take care of your clients. But just how can you be sure that you are taking good care of your employees? And what impact could a happy workforce have on your bottom line?
Read on to discover how you could empower your employees and generate a boost in morale that could strengthen your entire business.
Why team morale is important to your business
Extensive investigation into team morale and its impact on businesses shows that when employee morale is high, levels of job satisfaction and overall wellbeing are also high. According to Chron for Small Business, small business owners (and large business owners too) are often faced with numerous employee-related challenges during their first few years of operation. Managing morale is one of these challenges.
The same principle can be applied to established businesses too. In fact, when a business has had employees on its payroll who have been working for them for many years, it is key not to drop the reins and let team morale stagnate.
A study by the Management Study Guide has found that low morale can be responsible for a number of HR issues that business leaders would do well to avoid. These can include grievances, high employee turnover and absenteeism, decreased productivity levels and a lack of motivation.
Team morale and productivity go hand in hand
Various studies have examined the relationship between team morale and productivity levels. According to the same study by Chron for Small Business, when employees feel good about their job, they also want to work hard and accomplish more as a team. Often, these employees invest more emotionally in their job, which means, rather than having a desire to work elsewhere, they feel invested in your company and want it to succeed.
This is reflected, the words of some of our learners, who have gained recognised qualifications through apprenticeship training: “Completing my apprenticeship training has given me more confidence and a sense of achievement. Not only am I able to show clients that I have a thorough understanding of the industry, I now hold a qualification that has broadened my knowledge – which can only benefit my company.”
This happiness-to-productivity ratio is quantified by researchers at the University of Warwick, who found that happiness at work led to a 12% rise in productivity. Therefore, it makes economic sense to keep team morale high, employees engaged and reap the rewards of an empowered workforce.
How leadership qualifications can keep team morale up
Leadership and management training creates an ideal stepping stone for employees who may be on the cusp of gaining an internal promotion or are perhaps looking for ways to develop their skills. Providing apprenticeship qualifications offers your staff an opportunity to climb the career ladder internally, which helps to boost a feeling of wellbeing through learning and progression.
Businesses who do not invest in their staff risk losing valued employees who are forced to leave the company and develop their skills with a new employer. This is further explained in an article by The Huffington Post that examines an independent study from technology giant, IBM. The study found that a company loses 10 to 30 percent of its original capabilities every year. Within three years, each company loses 41 percent of its staff. By year six, only 24% remain.
Boost your business with leadership and management training
There are various leadership and management training courses available that could help you to provide recognised qualifications to your employees. Each of these will cater to learners at different stages in their careers, and some are designed specifically to meet the needs of individual sectors – like recruitment.
- Level 3 Team Leader Supervisor Apprenticeship
- Level 5 Operations / Departmental Manager Apprenticeship
- Level 5 Recruitment Operations / Departmental Management Qualification
Previous learners who have completed similar courses have gone on to gain internal promotions, just 12 months after graduating. While others are buoyed up with additional gravitas and newfound confidence following their training, especially when interacting with clients and peers.
If you’d like to discuss leadership and management training and how this can be implemented in your business, contact Solvo Vir today on 0330 0539140. Solvo Vir is an ILM-accredited training provider with specialist trainers in your area.