Which is more important for employee retention: higher wages or schedule flexibility? Employee turnover can be costly and time-consuming, and it's essential to keep your top talent motivated and engaged. Any club manager will tell you it’s much harder to find and train a new employee, than it is to keep good staff members happy.
If you get word a few of your best employees are beginning to think about working elsewhere, what do you do?
You could pay them more, certainly, but that might not be the underlying issue for their unhappiness. Schedule flexibility could help, but you need them at the club as often as possible. After all, they’re your best staff members.
What is more important: higher wages or schedule flexibility? What would work the best? How could you possibly know? It might depend on individual needs.
Higher wages can be an attractive option for employees, as it can increase their sense of financial security and stability. Employees who feel that they are being paid fairly are more likely to be motivated and committed to their work. However, there is only so much you can offer in terms of a salary before it becomes unaffordable for your business. It's essential to consider whether you can sustain paying higher wages in the long term, especially if it means compromising on other areas of your business, such as investment in training or new equipment.
On the other hand, schedule flexibility can be another key factor in employee retention. Many employees value having the ability to adjust their work schedule to accommodate personal or family commitments, such as attending a child's school event or caring for a sick relative. Offering schedule flexibility can increase employee satisfaction, which can lead to increased productivity, engagement, and loyalty. However, it's important to ensure that schedule flexibility doesn't impact business operations or create any staffing gaps that can impact other employees' workloads or morale. Can your club operate successfully with that amount of flexibility for just one or two employees? Does it have to be available to every employee?
So, what's the answer? Which is more important: higher wages or schedule flexibility? It's challenging to determine what's more important without asking your employees directly.
By surveying your employees, you can gather unbiased feedback and gain valuable insights into their preferences and needs. You can ask staff about their thoughts on higher wages versus schedule flexibility and use this information to make more informed decisions about how to retain your top talent. All anonymously and without bias.
These are only two answers to a delicate problem faced in the club industry. Both options have their advantages, and the answer to what's more important may vary depending on the individual needs and preferences of your employees. To make an informed decision, it's essential to gather feedback from your employees and use this information to make adjustments to your retention strategies.
With 59club’s survey tools at your disposal – you really can ask whatever you like. Plus the HR survey templates make it easy to monitor employee wellbeing, engagement & satisfaction levels, ensuring that you are providing existing employees and new hires with the support they need to thrive in their roles - and there’s always something to learn from an employee exit survey.
If the reality is that ‘happy employees = happy customers,’ then it’s high time we prioritise employee well-being.
As J. Willard Marriott famously said; “Take good care of your employees, and they’ll take good care of your customers, and the customers will come back”.