Directors and Officers Liability Insurance

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All organizations do not have the same work culture. You might have heard of companies that enforce strict deadlines and practice micro-management within teams. However, many other organizations encourage an open work culture. There are certain myths that may break employees’ morale.

Employees are advised to be responsible for completing their work, bringing in a sense of freedom at the workplace. The culture can be quite different at traditional business organizations where the focus is more on the quantum of work completion.

An organization’s work culture depends largely on the philosophy that the employer believes in. Business leaders aim to make their entire workforce, from the board of directors to the junior executives, feel attached to the organization and committed to their work. There are several myths about employee engagement and it is time to bust a few of them. Let us take a look at a few of the common misconceptions and the myths that may break employees’ morale.

Employees are happy when they don’t have much work to do

Some employers believe most employees are lazy and are the happiest when they have the least amount of work to do. However, stereotyping all employees as lazy is undermining the strength and capability of hard-working professionals. Moreover, most workers look forward to more avenues of work as it is an opportunity to learn new skills.

Hence, it is crucial not to be judgemental about your subordinates as it can affect their morale. Instead, encourage them to voice their concerns, take up new challenges, and do their best.

Handsome salaries result in employee retention

Some are drawn to a job because the salary is high and continue to work for the organization for years because of the same reason. Many companies do try to ensure high employee retention with big paycheques and other monetary rewards. However, the truth is money can’t be the only motivation for an employee to stick around.

A staffer could prioritize basic benefits over a high salary. These expectations generally are —adequate opportunities for recognition, growth and self-development, flexible hours, and job security.

These factors often push the board of directors in a company to go for liability insurance coverage. This ensures that their personal finances are safe and secure. Similarly, a company can invest in group health insurance for the employees. Such efforts play a crucial role in retaining more employees.

Employee independence leads to a drop in performance

You might have heard employers say that employees do not perform well when allowed independence in terms of work. While this may sound true, it does not apply to every organization. In modern times, the approach to work has moved from dependence to interdependence.

People enjoy teamwork and love to collaborate within the permitted lines of independence at work. This often helps employees to enjoy their work and deliver better results. Therefore, a culture of interdependence can boost the morale of employees. Moreover, give your employees flexibility to complete their tasks in their own way without micro-managing how they do it. Make them responsible and you will see a rise in overall productivity.

You may have come across a lot of these myths related to employee engagement but the truth is that in today’s world most people like working in an environment that helps them to learn, be productive, and be valued. So, think twice before beginning to believe these myths as these may break employees’ morale.