Cameron HeroldFounder of the COO Alliance & Invest In Your Leaders Training

Do This EVERY Month To Ensure Employee Satisfaction

22 Aug 2023 · 1 min

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Cameron Herold explains that while bonuses and pay can briefly boost morale, lasting employee satisfaction depends on non-financial factors. He emphasizes psychological safety and job security, strong coworker relationships, supportive leadership and open-door policies, and employees feeling good about their work as monthly-maintained priorities.

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For a lot of our employees, they literally save money every year just to go on a vacation. So that end of year bonus that we give them tends to make them happy for two weeks. But for the rest of the year, they tend to be living paycheck to paycheck, or they tend to be a little bit more frustrated. It's important to pay people properly and then make sure that these areas are being met, which have nothing to do with compensation or bonuses or perks. It's that they feel safe and secure in their job. They know they're not getting fired. They know they can kind of be vulnerable and open with stuff. They've got friends at work. They like the people they work with. They like their leadership team. They know the open door policy. They're feeling good in the work that they're doing.