Company's long-term prosperity spurred by prioritizing people over profits
In the corporate world, human capital is not just measured in dollars, but in respect. This is a belief that the author, a business owner, holds firmly. They are against the practice of putting profit before people, a common occurrence in many businesses.
The author values their team members based on respect, not just revenue. During a traumatic event, their business partner and they did not let a team member go, but instead supported them. This decision was a testament to their prioritization of their team members' well-being over profit.
The author is critical of corporations that overlook loyalty and dedication of service for a small amount of money. They believe that such practices breed resentment and foster corruption. On the contrary, they believe that winning in business involves putting people first.
The author's people are crucial to the success of their company. Their leadership style prioritizes team members' happiness and creativity over short-term profit. They foster a holistic, empathetic workplace culture that values mental, physical, social, financial, and environmental wellness.
By adopting this approach, businesses can prioritize employee support and well-being over profit. This includes normalizing open conversations about mental health and well-being, empathy-driven leadership, managing workloads realistically, creating clear career paths, implementing recognition and appreciation programs, and providing meaningful perks that support well-being.
The author's close friend and former colleague, who was hardworking and dedicated, lost his job after suffering a major hardship and needing to step back temporarily to focus on his family. Unfortunately, his company was initially sympathetic but eventually let him go. The author believes that when employees have support at work, especially during challenging moments, they are inspired and more motivated.
The author believes that loyalty to employees breeds loyalty in return. By prioritizing their team members' well-being, businesses can increase employee loyalty, retention, and productivity, ultimately enhancing overall business success.
[1] [Article on holistic wellness in the workplace] [2] [Article on meaningful perks for employee well-being] [3] [Article on how to create a supportive workplace] [4] [Article on employee development and recognition programs] [5] [Article on empathy in leadership]
- The author's leadership style prioritizes the combination of mental, physical, social, financial, and environmental wellness, believing that such a holistic approach leads to business success.
- With empathy-driven leadership and open conversations about mental health, businesses can foster a workplace that values wellness and retains dedicated employees, ultimately creating long-term success.
- By offering meaningful perks, creating clear career paths, and implementing recognition and appreciation programs, businesses can show their employees that they prioritize their well-being, fostering loyalty and increasing productivity.
