Darius Fisher said employee turnover was very expensive to back up the information posted on ERE Media, which claimed that an entry-level worker would amount to 30-50% of a yearly salary. Replacing a mid-level worker would cost 150% while the cost would shoot to 400% for a highly specialized or senior ranking employee. However, he maintained that eliminating turnover was a daunting task.
How Fisher has Boosted Job Satisfaction
Awarding Goal Accomplishment
Fisher advises business owners to assess the needs or things that would make their employees happy or feel motivated to produce better results. In the article, he proclaimed that he gave his employees some incentives such as Apple watches for achieving quarterly targets.
Regularly increasing the remuneration of employees can help to maintain employees in a company. He claimed that this would help to keep employees around as they expect their next salary increment
Recognize Achievements Constant basis
He claims that appreciating the hard work of workers goes a long way in boosting their performance. It increases the morale of employees to complete complex tasks. Personally, he claimed that he sends an email to each individual working in Status Labs in a bid to acknowledge the effort of a particular team member.
Keeping Employees Updated
Darius asserts that keeping employees informed on various developments of the company is important. In his company, he introduced a newsletter for each month that informs employees about certain issues. This makes employees feel as part of the company.
Several Alternative Efforts to Increase Employee Job Satisfaction
Fisher went on to suggest various alternatives to boost job satisfaction such as recognizing the birthdays of employees, having free lunch Fridays, building a creative work space ,and scheduling fun activities.
Details Relating to Darius Fisher
Darius Fisher is the Co-founder and Chief Executive Officer of Status Labs, which is a leading digital marketing, online reputations management and public relations company. He is behind the globalization of Status Labs in various countries such as the Gulf Region, Latin America, and Europe.
He graduated from Vanderbilt University with an economics degree. In Vanderbilt University, he was the President of its Investment Club, a member of Alternative Spring Break, and a social chairperson of the Alpha Epsilon Pi fraternity.