The 2020 Mid-Year Economic Update_long

Tip: Increase Productivity by Showing Gratitude

Taking care of employees can counteract the stress and uncertainty that can lead to low productivity and high turnover.

Building and maintaining a healthy workforce is fundamental to your company’s productivity, says Robert Devers, executive vice president and COO for A-Jax Co., Inc., Jacksonville, FL, in Taking Control Amid Uncertainty. But simply having a job is not enough to keep employees happy.

A study published in Psychology Today found that 74 percent of remaining employees said their productivity decreased after co-workers were laid off, a phenomenon called "layoff stress." Other personal stressors, such as mental and physical health, family and financial issues contribute to employee productivity levels, incentivizing companies’ opportunities to support their staffs.

Communicating with your employees and encouraging an environment of trust will help show that you genuinely care, and will preserve the knowledge and talent that your company needs for maximum benefits, Devers says.

Devers recommends that employers introduce wellness plans and commit to increasing training opportunities, improving communication and offering more options for personal development.

"As a leader in your company, when you create a culture of commitment to serving others, your reputation is strengthened with customers," Devers said. "Plus, it's terrific visibility to others in your community that your company cares.”

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