When you look at great companies, what do they have in common? Across industries, the most successful companies have a team of happy, dedicated employees working for them.
Happy employees are the secret to a great company culture, and ultimately, a company’s success. Here’s how you can work with a virtual CFO to improve your company culture.
Address Employee Needs
The best way to make employees happy about their jobs and engaged with their work is to remember that they are people. Your team members have lives outside the office and need the space to take care of their other obligations. A few of the companies with the best cultures address employee needs by listening to what their team members want and then delivering it.
Your company can do the same.
Consider Allowing Remote Work
Many employees want the option to work from home, either all the time or at least some of the time. Remote work cuts out the commute, saving your team members time and money. It also allows them to focus on home and family issues with greater ease.
Remote work doesn’t just benefit employees. It also helps companies. Businesses that let their employees work from home (if they want) tend to see an uptick in productivity. Employees are also more likely to stay with a company that allows for remote and may be more likely to apply for jobs with companies that offer work-from-home options.
Be More Flexible
Being flexible goes hand in hand with allowing remote work, but is much more than that. Flexibility means giving team members the option of choosing their work schedule. An employee may prefer to work slightly longer days Monday through Thursday, so they can take Fridays off or work half-days, for example. Another employee may prefer to start their day later, so they can get their kids off to school or tackle chores around their home.
Offer More Paid Leave
Employees that have the chance to rest and relax tend to be more productive and happier on the job. The same is true for employees who have paid parental leave or sick leave.
While it may seem counterintuitive to pay people not to work, the companies with the highest retention rates and strongest cultures do exactly that.
How a vCFO Can Help Improve Your Company Culture
Being more flexible, allowing remote work and providing more paid leave sound great, on paper. But they cost money. A virtual CFO can evaluate your company’s finances and help you see if the benefits of a better culture pay off financially. Your vCFO can also help you establish long-lasting relationships and build your network, which can lead to better hires and a stronger company culture.
If you’re ready to improve your business culture, New Direction Capital can help. Contact us today to hire your virtual CFO.