All business owners know that the key to long term success is for businesses to deliver value to customers and investors. But, have you considered how essential it is to deliver value to your employees, what that value looks like to them and what the impact of that value will be on your business?
Fortunately, we don’t have to figure out how to deliver value to our employees. Zeynep Ton has already done that for us. In her Good Jobs Strategy, Ton laid out the steps we need to execute, discussed in my last blog post. Here’s a recap of her guidelines paraphrased.
1. Concentrate on fewer, higher quality products.
2. Standardize work requirements so that workers can have the freedom to work more efficiently.
3. Train workers in more than one task to reduce fluctuations in workloads.
4. Have more workers on hand instead of fewer, cross training them so that they can be employed full time on regular schedules.
The point of these guidelines is to create value for employees. To them, a valuable job would have fair pay; a stable schedule; management that is respectful; engaging tasks that are aligned to the worker’s abilities (emotionally and physically) and intellect;, and, I would add, accessibility by reasonable transportation. Structuring a new business in this way or restructuring an existing one, results in a mindset for owners in which employees are viewed as assets instead of expenses. Here’s how these guidelines function when applied in my own business, United Sewing and Design.