Directors and Officers Liability Insurance

Not all organizations have the same work culture. You might have heard of companies where the norms followed include strict deadlines and micro-management by team leaders. However, there are also many organizations where an open work culture prevails. Employees are given the responsibility to complete their work, and a sense of freedom is provided at the workplace. The culture can be quite different in the case of a traditional business organization however wherein all that matters is the quantum of work that has to be done. 
The kind of culture in an organization depends on the philosophy that the employer believes in. Business leaders always want their workforce, be it the board of directors or the junior executives, to feel attached to the organization and committed to the work they do. 
There are several myths related to employee engagement that survive because of those who believe in them. If you, as the owner of an organization, care for your employees, here are a few myths that you need to examine and bust:

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

Some employers believe that the workforce they have hired is lazy, and hence is happiest when it is assigned minimal amounts of work, which is not entirely true. Stereotyping all employees as lazy is neither accurate nor is it a good idea, as it undermines the strength and capability of the hard-working professionals that are a part of the team. Not just that, most people would feel bad if they get to know that their employer thinks of them in this way.  Many employees see their work as a way of gaining new skills and improving their employee value. If the opportunity to learn new skills is reduced because they are not provided enough work, such employees will not be happy.
Hence it is crucial that you do not pre-judge or view your team members in a way that can destroy their morale. Instead, try to create an interactive work environment in your organization where people are willing to take on challenges and do more than what you expect.

  • Handsome salaries result in employee retention

Some people feel attracted to their job because of the good salaries they get. They can continue to work for an organization even for years because of this reason. This is one reason that many companies try to ensure high employee retention with large paychecks and other monetary rewards. 
However, the truth is that not all people are motivated only by money. More important than money, especially these days, is the extent to which a company fulfills the basic expectations of its employees. These expectations may differ from one person to the other but tend to include factors like opportunities for getting recognized at work, work flexible hours, job security, and self-development opportunities.
Consider the board of directors in your company. While handling critical decision-making processes, they expect their personal finances to stay safe and secure. To fulfill this expectation, you need to buy liability insurance coverage for the board of directors. Similarly, you can invest in group health insurance for your employees. All these efforts play a crucial role in employee retention.

  • Employee independence leads to a drop in performance

You might have heard employers say that their employees do not perform well when given the independence that they ask for at 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 with others within the allowed lines of independence at work. Given the opportunity to work together, people enjoy their work, leading to even better results. 
To boost the morale of your employees, it would be best if you nurture a culture of interdependence within your workplace. Give your employees the flexibility to do their work in their own way without micro-managing the sub-steps, and make them responsible for it. You will usually see a rise in overall business productivity! 
Several myths related to employee engagement prevail across the world. You may have heard some of these assumptions too. However, the truth is that in today’s world most people like working in an environment where they can learn, are valued, and can be a productive part of a team. So, make sure you think twice before beginning to believe the myths. 

Related Posts